12, SCHOOL LANE, HARBY, MELTON MOWBRAY, LE14 4BZ - £400,000

12 SCHOOL LANE is a midsized detached house of 116m², built sometime between 1983 and 1990. It was last sold for £400,000 in August 2020, which was around 22% above the average August 2020 detached price in the Melton local authority area. The most recent EPC inspection was February 2020, where the current energy rating was E, and the potential energy rating was C.

12 SCHOOL LANE Sold Prices

Land registry data shows four sales for 12 SCHOOL LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Melton local authority area for the corresponding sale date. All of the four 12 SCHOOL 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
2020 14 AUG	£400,000	£328,078	22% above HPI
2006 20 OCT	£260,000	£225,959	15% above HPI
1999 26 MAR	£138,000	£90,904	52% above HPI
1997 23 SEP	£119,950	£86,265	39% above HPI

12 SCHOOL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Melton local authority area over time, sourced from the HPI. The four 12 SCHOOL LANE sales between September 1997 and August 2020 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 October 2006 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the August 2020 sale, where it rises to 22% above the HPI. The line then continues to track at 22% above the HPI.

How Large is 12 SCHOOL LANE?

12 SCHOOL LANE is 116m² according to the EPC inspection conducted in February 2020. This puts it in the smallest 50% of detached houses in Harby, based on EPC data. The below chart shows the distribution of detached houses by size in Harby, and where 12 SCHOOL LANE lies on this distribution: 41% of detached houses are smaller than 12 SCHOOL LANE, and 59% of houses are larger. Note that EPC data is not available for all properties in Harby.

12 SCHOOL LANE: Plot and Title Map

12 SCHOOL LANE sits on a plot of roughly 0.185 of an acre, or 750m². The below map shows the location of 12 SCHOOL 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 12 SCHOOL 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 12 SCHOOL LANE?

12 SCHOOL LANE is located in HARBY, in the LE14 postcode district. The below map shows the position of No. 12 on SCHOOL LANE.