5, SPRINGBANK, MEDBOURNE, MARKET HARBOROUGH, LE16 8EB - £175,000

5 SPRINGBANK is a very small extended semi-detached house of 83m², built sometime between 1900 and 1929. It was last sold for £175,000 in March 2015, which was around 46% below the average March 2015 detached price in the Harborough local authority area. The most recent EPC inspection was March 2012, where the current energy rating was D, and the potential energy rating was D.

5 SPRINGBANK Sold Prices

Land registry data shows two sales for 5 SPRINGBANK since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Harborough local authority area for the corresponding sale date. Both of the two 5 SPRINGBANK 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
2015 13 MAR	£175,000	£321,495	46% below HPI
2009 18 DEC	£140,000	£262,387	47% below HPI

5 SPRINGBANK Price Paid vs. HPI Average

The below graph shows the average detached house price in the Harborough local authority area over time, sourced from the HPI. The two 5 SPRINGBANK sales from December 2009 and March 2015 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 December 2009 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the March 2015 sale, where it rises to 46% below the HPI. The line then continues to track at 46% below the HPI.

How Large is 5 SPRINGBANK?

5 SPRINGBANK is 83m², which includes one extension, according to the EPC inspection conducted in March 2012. This puts it in the smallest 10% of detached houses in Medbourne, based on EPC data. The below chart shows the distribution of detached houses by size in Medbourne, and where 5 SPRINGBANK lies on this distribution: 3% of detached houses are smaller than 5 SPRINGBANK, and 97% of houses are larger. Note that EPC data is not available for all properties in Medbourne.

5 SPRINGBANK: Plot and Title Map

5 SPRINGBANK sits on a plot of roughly 0.037 of an acre, or 151m². The below map shows the location of 5 SPRINGBANK, 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 5 SPRINGBANK). 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 5 SPRINGBANK?

5 SPRINGBANK is located in MEDBOURNE, in the LE16 postcode district. The below map shows the position of No. 5 on SPRINGBANK.