40, MORCOM DRIVE, LEICESTER, LE2 8BU - £384,750

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

40 MORCOM DRIVE is a small detached house of 104m², built in 2022, which could now be worth an estimated £400,588. It was last sold for £384,750 in June 2022, which was around 3% above the average June 2022 detached price in the Leicester local authority area. The most recent EPC inspection was May 2022, where the current energy rating was B, and the potential energy rating was B.

40 MORCOM DRIVE Sold Prices

Land registry data shows three sales for 40 MORCOM DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Leicester local authority area for the corresponding sale date. All of the three 40 MORCOM DRIVE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2022 17 JUN	£384,750	£372,277	3% above HPI
2021 30 APR	£4,050,000	£332,715	1,117% above HPI
2020 14 AUG	£4,000,000	£319,607	1,152% above HPI

40 MORCOM DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Leicester local authority area over time, sourced from the HPI. The three 40 MORCOM DRIVE sales between August 2020 and June 2022 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the April 2021 sale was for 1117% above the HPI. So the extrapolation line tracks at 1117% above the HPI over time, until the June 2022 sale, where it falls to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might 40 MORCOM DRIVE be worth now?

40 MORCOM DRIVE might now be worth an estimated £400,588.

This is based on house price inflation of 4.1%, between June 2022 and May 2026, for detached houses, in the Leicester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 4.1% inflationary increase is applied to the most recent sale price for 40 MORCOM DRIVE of £384,750 on 17th June 2022. For the value to have increased from £384,750 to £400,588 over the four years and one month to May 2026, the following assumptions must hold true:

• The value of 40 MORCOM DRIVE has moved in line with the HPI for detached houses in the Leicester local authority area.
• The June 2022 sale price of £384,750 represented a fair market value for the property.
• The size, condition, and specification of 40 MORCOM DRIVE has not materially changed since June 2022.

How Large is 40 MORCOM DRIVE?

40 MORCOM DRIVE is 104m² according to the EPC inspection conducted in May 2022. This puts it in the smallest 40% of detached houses in Leicester, based on EPC data. The below chart shows the distribution of detached houses by size in Leicester, and where 40 MORCOM DRIVE lies on this distribution: 38% of detached houses are smaller than 40 MORCOM DRIVE, and 61% of detached houses are larger. Note that EPC data is not available for all properties in Leicester.

Where is 40 MORCOM DRIVE?

40 MORCOM DRIVE is located in LEICESTER, in the LE2 postcode district.