48, LACEY CLOSE, LUTTERWORTH, LE17 4GX - £150,000

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.

48 LACEY CLOSE is a very small semi-detached house of 82m², built sometime between 1983 and 1990, which could now be worth an estimated £177,722. It was last sold for £150,000 in August 2021, which was around 41% below the average August 2021 semi-detached price in the Harborough local authority area. The most recent EPC inspection was October 2020, where the current energy rating was D, and the potential energy rating was B.

48 LACEY CLOSE Sold Prices

Land registry data shows four sales for 48 LACEY CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Harborough local authority area for the corresponding sale date. All of the four 48 LACEY CLOSE 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
2021 2 AUG	£150,000	£255,367	41% below HPI
2012 31 AUG	£110,000	£163,904	33% below HPI
2003 17 APR	£91,000	£119,369	24% below HPI
2002 27 MAY	£65,450	£93,045	30% below HPI

48 LACEY CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Harborough local authority area over time, sourced from the HPI. The four 48 LACEY CLOSE sales between May 2002 and August 2021 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 August 2012 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the August 2021 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

What might 48 LACEY CLOSE be worth now?

48 LACEY CLOSE might now be worth an estimated £177,722.

This is based on house price inflation of 18.5%, between August 2021 and May 2026, for semi-detached houses, in the Harborough local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 18.5% inflationary increase is applied to the most recent sale price for 48 LACEY CLOSE of £150,000 on 2nd August 2021. For the value to have increased from £150,000 to £177,722 over the five years and three months to May 2026, the following assumptions must hold true:

• The value of 48 LACEY CLOSE has moved in line with the HPI for semi-detached houses in the Harborough local authority area.
• The August 2021 sale price of £150,000 represented a fair market value for the property.
• The size, condition, and specification of 48 LACEY CLOSE has not materially changed since August 2021.

How Large is 48 LACEY CLOSE?

48 LACEY CLOSE is 82m² according to the EPC inspection conducted in October 2020. This puts it in the smallest 20% of semi-detached houses houses in Lutterworth, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Lutterworth, and where 48 LACEY CLOSE lies on this distribution: 14% of semi-detached houses houses are smaller than 48 LACEY CLOSE, and 86% of houses are larger. Note that EPC data is not available for all properties in Lutterworth.

48 LACEY CLOSE: Plot and Title Map

48 LACEY CLOSE sits on a plot of roughly 1.0 acres, or 4,099m². The below map shows the location of 48 LACEY CLOSE, 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 48 LACEY CLOSE). 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 48 LACEY CLOSE?

48 LACEY CLOSE is located in LUTTERWORTH, in the LE17 postcode district. The below map shows the position of No. 48 on LACEY CLOSE.