7, ALANS WAY, NEWBOLD VERDON, LEICESTER, LE9 9LB - £322,500

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.

7 ALANS WAY is a small extended detached house of 93m², built sometime between 1967 and 1975, which could now be worth an estimated £333,644. It was last sold for £322,500 in July 2023, which was around 13% below the average July 2023 detached price in the Hinckley and Bosworth local authority area. The most recent EPC inspection was June 2022, where the current energy rating was C, and the potential energy rating was B.

7 ALANS WAY Sold Prices

Land registry data shows two sales for 7 ALANS WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Hinckley and Bosworth local authority area for the corresponding sale date. Both of the two 7 ALANS WAY 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
2023 10 JUL	£322,500	£370,686	13% below HPI
2018 15 JUN	£230,000	£286,996	20% below HPI

7 ALANS WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Hinckley and Bosworth local authority area over time, sourced from the HPI. The two 7 ALANS WAY sales from June 2018 and July 2023 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 2018 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the July 2023 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 7 ALANS WAY be worth now?

7 ALANS WAY might now be worth an estimated £333,644.

This is based on house price inflation of 3.5%, between July 2023 and March 2025, for detached houses, in the Hinckley and Bosworth local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.5% inflationary increase is applied to the most recent sale price for 7 ALANS WAY of £322,500 on 10th July 2023. For the value to have increased from £322,500 to £333,644 over the two years and four months to March 2025, the following assumptions must hold true:

• The value of 7 ALANS WAY has moved in line with the HPI for detached houses in the Hinckley and Bosworth local authority area.
• The July 2023 sale price of £322,500 represented a fair market value for the property.
• The size, condition, and specification of 7 ALANS WAY has not materially changed since July 2023.

How Large is 7 ALANS WAY?

7 ALANS WAY is 93m², which includes one extension, according to the EPC inspection conducted in June 2022. This puts it in the smallest 30% of detached houses houses in Newbold Verdon, based on EPC data. The below chart shows the distribution of detached houses houses by size in Newbold Verdon, and where 7 ALANS WAY lies on this distribution: 30% of detached houses houses are smaller than 7 ALANS WAY, and 70% of houses are larger. Note that EPC data is not available for all properties in Newbold Verdon.

7 ALANS WAY: Plot and Title Map

7 ALANS WAY sits on a plot of roughly 0.066 of an acre, or 269m². The below map shows the location of 7 ALANS WAY, 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 7 ALANS WAY). 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 7 ALANS WAY?

7 ALANS WAY is located in NEWBOLD VERDON, in the LE9 postcode district. The below map shows the position of No. 7 on ALANS WAY.