3, WISHBONE LANE, MOUNTSORREL, LOUGHBOROUGH, LE12 7FA - £307,500

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.

3 WISHBONE LANE is a small detached house of 91m², built in 2014, which could now be worth an estimated £414,047. It was last sold for £307,500 in October 2018, which was around 4% below the average October 2018 detached price in the Charnwood local authority area. The most recent EPC inspection was December 2014, where the current energy rating was B, and the potential energy rating was B.

3 WISHBONE LANE Sold Prices

Land registry data shows two sales for 3 WISHBONE LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Charnwood local authority area for the corresponding sale date. Both of the two 3 WISHBONE LANE sales were for below 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
2018 19 OCT	£307,500	£319,055	4% below HPI
2014 6 JUN	£35,000	£251,306	86% below HPI

3 WISHBONE LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Charnwood local authority area over time, sourced from the HPI. The two 3 WISHBONE LANE sales from June 2014 and October 2018 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 June 2014 sale was for 86% below the HPI. So the extrapolation line tracks at 86% below the HPI over time, until the October 2018 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 3 WISHBONE LANE be worth now?

3 WISHBONE LANE might now be worth an estimated £414,047.

This is based on house price inflation of 34.6%, between October 2018 and May 2026, for detached houses, in the Charnwood local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 34.6% inflationary increase is applied to the most recent sale price for 3 WISHBONE LANE of £307,500 on 19th October 2018. For the value to have increased from £307,500 to £414,047 over the eight years and five months to May 2026, the following assumptions must hold true:

• The value of 3 WISHBONE LANE has moved in line with the HPI for detached houses in the Charnwood local authority area.
• The October 2018 sale price of £307,500 represented a fair market value for the property.
• The size, condition, and specification of 3 WISHBONE LANE has not materially changed since October 2018.

How Large is 3 WISHBONE LANE?

3 WISHBONE LANE is 91m² according to the EPC inspection conducted in December 2014. This puts it in the smallest 30% of detached houses houses in Mountsorrel, based on EPC data. The below chart shows the distribution of detached houses houses by size in Mountsorrel, and where 3 WISHBONE LANE lies on this distribution: 27% of detached houses houses are smaller than 3 WISHBONE LANE, and 71% of houses are larger. Note that EPC data is not available for all properties in Mountsorrel.

3 WISHBONE LANE: Plot and Title Map

3 WISHBONE LANE sits on a plot of roughly 0.043 of an acre, or 173m². The below map shows the location of 3 WISHBONE 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 3 WISHBONE 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 3 WISHBONE LANE?

3 WISHBONE LANE is located in MOUNTSORREL, in the LE12 postcode district. The below map shows the position of No. 3 on WISHBONE LANE.