1, SPRING LANE, PACKINGTON, ASHBY-DE-LA-ZOUCH, LE65 1WU - £240,000

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.

1 SPRING LANE is a very small extended semi-detached house of 91m², built sometime between 1967 and 1975, which could now be worth an estimated £313,020. It was last sold for £240,000 in September 2019, which was around 26% above the average September 2019 semi-detached price in the North West Leicestershire local authority area. The most recent EPC inspection was September 2012, where the current energy rating was C, and the potential energy rating was B.

1 SPRING LANE Sold Prices

Land registry data shows three sales for 1 SPRING LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the North West Leicestershire local authority area for the corresponding sale date. All of the three 1 SPRING LANE 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
2019 12 SEP	£240,000	£190,658	26% above HPI
2013 22 APR	£202,500	£130,801	55% above HPI
2010 29 NOV	£145,000	£135,264	7% above HPI

1 SPRING LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the North West Leicestershire local authority area over time, sourced from the HPI. The three 1 SPRING LANE sales between November 2010 and September 2019 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 2013 sale was for 55% above the HPI. So the extrapolation line tracks at 55% above the HPI over time, until the September 2019 sale, where it falls to 26% above the HPI. The line then continues to track at 26% above the HPI.

What might 1 SPRING LANE be worth now?

1 SPRING LANE might now be worth an estimated £313,020.

This is based on house price inflation of 30.4%, between September 2019 and May 2026, for semi-detached houses, in the North West Leicestershire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 30.4% inflationary increase is applied to the most recent sale price for 1 SPRING LANE of £240,000 on 12th September 2019. For the value to have increased from £240,000 to £313,020 over the seven years and four months to May 2026, the following assumptions must hold true:

• The value of 1 SPRING LANE has moved in line with the HPI for semi-detached houses in the North West Leicestershire local authority area.
• The September 2019 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 1 SPRING LANE has not materially changed since September 2019.

How Large is 1 SPRING LANE?

1 SPRING LANE is 91m², which includes one extension, according to the EPC inspection conducted in September 2012. This puts it in the smallest 20% of semi-detached houses houses in Packington, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Packington, and where 1 SPRING LANE lies on this distribution: 10% of semi-detached houses houses are smaller than 1 SPRING LANE, and 90% of houses are larger. Note that EPC data is not available for all properties in Packington.

1 SPRING LANE: Plot and Title Map

1 SPRING LANE sits on a plot of roughly 0.059 of an acre, or 239m². The below map shows the location of 1 SPRING LANE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 SPRING LANE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 SPRING LANE?

1 SPRING LANE is located in PACKINGTON, in the LE65 postcode district. The below map shows the position of No. 1 on SPRING LANE.