9, MERE LANE, QUENIBOROUGH, LEICESTER, LE7 3DE - £260,000

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.

9 MERE LANE is a very small terraced house of 79m², built sometime between 1900 and 1929, which could now be worth an estimated £273,559. It was last sold for £260,000 in September 2023, which was around 26% above the average September 2023 terraced price in the Charnwood local authority area. The most recent EPC inspection was August 2014, where the current energy rating was E, and the potential energy rating was B.

9 MERE LANE Sold Prices

Land registry data shows six sales for 9 MERE LANE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average terraced price in the Charnwood local authority area for the corresponding sale date. Most of the six 9 MERE 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
2023 19 SEP	£260,000	£205,614	26% above HPI
2017 8 DEC	£195,000	£151,810	28% above HPI
2015 29 MAY	£154,000	£134,964	14% above HPI
1998 30 OCT	£70,000	£44,068	59% above HPI
1996 21 MAR	£47,250	£38,531	23% above HPI
1995 14 JUL	£33,000	£39,023	15% below HPI

9 MERE LANE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Charnwood local authority area over time, sourced from the HPI. The six 9 MERE LANE sales between July 1995 and September 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 December 2017 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the September 2023 sale, where it falls to 26% above the HPI. The line then continues to track at 26% above the HPI.

What might 9 MERE LANE be worth now?

9 MERE LANE might now be worth an estimated £273,559.

This is based on house price inflation of 5.2%, between September 2023 and March 2026, for terraced 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 5.2% inflationary increase is applied to the most recent sale price for 9 MERE LANE of £260,000 on 19th September 2023. For the value to have increased from £260,000 to £273,559 over the three years and six months to March 2026, the following assumptions must hold true:

• The value of 9 MERE LANE has moved in line with the HPI for terraced houses in the Charnwood local authority area.
• The September 2023 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 9 MERE LANE has not materially changed since September 2023.

How Large is 9 MERE LANE?

9 MERE LANE is 79m² according to the EPC inspection conducted in August 2014. This puts it in the smallest 20% of terraced houses houses in Queniborough, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Queniborough, and where 9 MERE LANE lies on this distribution: 15% of terraced houses houses are smaller than 9 MERE LANE, and 85% of houses are larger. Note that EPC data is not available for all properties in Queniborough.

9 MERE LANE: Plot and Title Map

9 MERE LANE sits on a plot of roughly 0.028 of an acre, or 112m². The below map shows the location of 9 MERE 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 9 MERE 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 9 MERE LANE?

9 MERE LANE is located in QUENIBOROUGH, in the LE7 postcode district. The below map shows the position of No. 9 on MERE LANE.