70, SPRINGWELL LANE, WHETSTONE, LEICESTER, LE8 6LT - £337,000

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.

70 SPRINGWELL LANE is a midsized detached house of 122m², built sometime between 1976 and 1982, which could now be worth an estimated £419,379. It was last sold for £337,000 in February 2019, which was around 9% above the average February 2019 detached price in the Blaby local authority area. The most recent EPC inspection was October 2018, where the current energy rating was D, and the potential energy rating was B.

70 SPRINGWELL LANE Sold Prices

Land registry data shows five sales for 70 SPRINGWELL LANE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Blaby local authority area for the corresponding sale date. All of the five 70 SPRINGWELL 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
2019 11 FEB	£337,000	£309,445	9% above HPI
2015 22 MAY	£277,500	£247,525	12% above HPI
2014 4 MAR	£260,000	£228,725	14% above HPI
2014 27 FEB	£265,000	£223,620	19% above HPI
1999 20 AUG	£115,000	£94,166	22% above HPI

70 SPRINGWELL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Blaby local authority area over time, sourced from the HPI. The five 70 SPRINGWELL LANE sales between August 1999 and February 2019 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 May 2015 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the February 2019 sale, where it falls to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might 70 SPRINGWELL LANE be worth now?

70 SPRINGWELL LANE might now be worth an estimated £419,379.

This is based on house price inflation of 24.4%, between February 2019 and May 2026, for detached houses, in the Blaby local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 24.4% inflationary increase is applied to the most recent sale price for 70 SPRINGWELL LANE of £337,000 on 11th February 2019. For the value to have increased from £337,000 to £419,379 over the six years and nine months to May 2026, the following assumptions must hold true:

• The value of 70 SPRINGWELL LANE has moved in line with the HPI for detached houses in the Blaby local authority area.
• The February 2019 sale price of £337,000 represented a fair market value for the property.
• The size, condition, and specification of 70 SPRINGWELL LANE has not materially changed since February 2019.

How Large is 70 SPRINGWELL LANE?

70 SPRINGWELL LANE is 122m² according to the EPC inspection conducted in October 2018. This puts it in the largest 50% of detached houses houses in Whetstone, based on EPC data. The below chart shows the distribution of detached houses houses by size in Whetstone, and where 70 SPRINGWELL LANE lies on this distribution: 56% of detached houses houses are smaller than 70 SPRINGWELL LANE, and 44% of houses are larger. Note that EPC data is not available for all properties in Whetstone.

70 SPRINGWELL LANE: Plot and Title Map

70 SPRINGWELL LANE sits on a plot of roughly 0.090 of an acre, or 364m². The below map shows the location of 70 SPRINGWELL 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 70 SPRINGWELL 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 70 SPRINGWELL LANE?

70 SPRINGWELL LANE is located in WHETSTONE, in the LE8 postcode district. The below map shows the position of No. 70 on SPRINGWELL LANE.