LABOURNE, LUTTERWORTH ROAD, NORTH KILWORTH, LUTTERWORTH, LE17 6HW - £292,000

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.

LABOURNE is a very small detached house of 106m², built sometime between 1996 and 2002, which could now be worth an estimated £385,061. It was last sold for £292,000 in February 2018, which was around 21% below the average February 2018 detached price in the Harborough local authority area. The most recent EPC inspection was March 2016, where the current energy rating was E, and the potential energy rating was C.

LABOURNE Sold Prices

Land registry data shows two sales for LABOURNE 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 LABOURNE 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
2018 28 FEB	£292,000	£368,057	21% below HPI
2001 21 DEC	£135,000	£147,198	8% below HPI

LABOURNE 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 LABOURNE sales from December 2001 and February 2018 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 2001 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the February 2018 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might LABOURNE be worth now?

LABOURNE might now be worth an estimated £385,061.

This is based on house price inflation of 31.9%, between February 2018 and February 2025, for 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 31.9% inflationary increase is applied to the most recent sale price for LABOURNE of £292,000 on 28th February 2018. For the value to have increased from £292,000 to £385,061 over the seven years to February 2025, the following assumptions must hold true:

• The value of LABOURNE has moved in line with the HPI for detached houses in the Harborough local authority area.
• The February 2018 sale price of £292,000 represented a fair market value for the property.
• The size, condition, and specification of LABOURNE has not materially changed since February 2018.

How Large is LABOURNE?

LABOURNE is 106m² according to the EPC inspection conducted in March 2016. This puts it in the smallest 10% of detached houses houses in North Kilworth, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Kilworth, and where LABOURNE lies on this distribution: 6% of detached houses houses are smaller than LABOURNE, and 94% of houses are larger. Note that EPC data is not available for all properties in North Kilworth.

LABOURNE: Plot and Title Map

LABOURNE sits on a plot of roughly 0.105 of an acre, or 423m². The below map shows the location of LABOURNE, 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 LABOURNE). 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 LABOURNE?

LABOURNE is located on LUTTERWORTH ROAD in NORTH KILWORTH, in the LE17 postcode district. The below map shows the position of LABOURNE on LUTTERWORTH ROAD.