2, Spence Drive
2, Spence Drive
Description & Estimates
2, Spence Drive, Loughborough is recorded publicly as a modern freehold house across 1,625 ft2 of internal area.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 2, Spence Drive, Loughborough is £513,326 and its rental estimate is £1,562 per month, given the available information and assuming reasonable condition.
Spence Drive, Mountsorrel, Loughborough, LE12 falls within the LE12 postal district, in the borough of Charnwood.
Our Data Sources
2, Spence Drive, Loughborough has a single entry in the Land Registry from October 2024 and a single entry in the EPC database dated October 2024.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 2, Spence Drive, Loughborough, we estimate a market value of £538,992 and a rental value of £1,640 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £477,393 and £1,453 per month respectively.
Recent Market Change
Over the last year, 2, Spence Drive, Loughborough has seen its estimated sale value decrease by £4,670 (0.9%) and its estimated rental value grow by £29 per month (1.9%). This results in an estimated gross rental yield of 3.7%.
Energy Efficiency
2, Spence Drive, Loughborough has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 14 Oct 2024.
The property is not connected to mains gas and has high performance glazing. It is heated using Air source heat pump, radiators, electric.
Sold Prices
The most recent sale of 2, Spence Drive, Loughborough completed on 30th October 2024 at £559,950 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 6.8% over the period since October 2024.
- Sold Oct 2024£559,950
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 2, Spence Drive, Loughborough have sold within a radius of 960 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 27th March 2025, was 1, Spence Drive, Loughborough, LE12 7ZD, a freehold house which sold for £545,000.
Read more about house prices in LE12.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 33 addresses on Spence Drive, Mountsorrel, Loughborough, LE12, 2, Spence Drive, Loughborough comes out as the 3rd largest and the 3rd most expensive in our analysis of the public data.
It is also £192k more expensive than the average property across the LE12 district.
More reading links
Schools Nearby
- 1.0kmChrist Church & Saint Peter's Cofe Primary School
- 2.4kmSwithland St Leonard's Church of England Primary School
- 2.6kmRothley Church of England Primary School
- 2.6kmRawlins
- 3.5kmHumphrey Perkins School
- 4.8kmThe Cedars Academy
More reading links
Public Transport Nearby
From 2, Spence Drive, Loughborough, the nearest station is Barrow-upon-Soar, 3.0 kilometres away.
- 3.0kmBarrow-upon-Soar
- 3.2kmSileby
- 5.9kmSyston
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
