THE COTTAGE, MAIN STREET, LEIRE, LUTTERWORTH, LE17 5HF - £465,000

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.

THE COTTAGE is a midsized detached house of 166m², built sometime before 1900, which could now be worth an estimated £503,894. It was last sold for £465,000 in September 2022, which was around 4% above the average September 2022 detached price in the Harborough local authority area. The most recent EPC inspection was November 2015, where the current energy rating was E, and the potential energy rating was C.

THE COTTAGE Sold Prices

Land registry data shows four sales for THE COTTAGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Harborough local authority area for the corresponding sale date. The four THE COTTAGE sales were a mix of above the average price, and roughly equal to 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
2022 30 SEP	£465,000	£447,894	4% above HPI
2019 12 APR	£385,000	£385,792	Close to HPI
1999 29 JAN	£142,500	£106,422	34% above HPI
1996 4 OCT	£128,500	£86,892	48% above HPI

THE COTTAGE 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 four THE COTTAGE sales between October 1996 and September 2022 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 April 2019 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the September 2022 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might THE COTTAGE be worth now?

THE COTTAGE might now be worth an estimated £503,894.

This is based on house price inflation of 8.4%, between September 2022 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 8.4% inflationary increase is applied to the most recent sale price for THE COTTAGE of £465,000 on 30th September 2022. For the value to have increased from £465,000 to £503,894 over the three years and seven months to February 2025, the following assumptions must hold true:

• The value of THE COTTAGE has moved in line with the HPI for detached houses in the Harborough local authority area.
• The September 2022 sale price of £465,000 represented a fair market value for the property.
• The size, condition, and specification of THE COTTAGE has not materially changed since September 2022.

How Large is THE COTTAGE?

THE COTTAGE is 166m² according to the EPC inspection conducted in November 2015. This puts it in the largest 50% of detached houses houses in Leire, based on EPC data. The below chart shows the distribution of detached houses houses by size in Leire, and where THE COTTAGE lies on this distribution: 50% of detached houses houses are smaller than THE COTTAGE, and 48% of houses are larger. Note that EPC data is not available for all properties in Leire.

THE COTTAGE: Plot and Title Map

THE COTTAGE sits on a plot of roughly 0.072 of an acre, or 291m². The below map shows the location of THE COTTAGE, 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 THE COTTAGE). 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 THE COTTAGE?

THE COTTAGE is located on MAIN STREET in LEIRE, in the LE17 postcode district. The below map shows the position of THE COTTAGE on MAIN STREET.