1, PIKE LANE, IBSTOCK, LE67 6AP - £280,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 PIKE LANE is a very small detached house of 82m², built sometime between 2003 and 2006. It was last sold for £280,000 in June 2022, which was around 18% below the average June 2022 detached price in the North West Leicestershire local authority area. The most recent EPC inspection was May 2022, where the current energy rating was C, and the potential energy rating was B.

1 PIKE LANE Sold Prices

Land registry data shows three sales for 1 PIKE LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North West Leicestershire local authority area for the corresponding sale date. All of the three 1 PIKE LANE 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
2022 27 JUN	£280,000	£343,017	18% below HPI
2022 31 MAY	£280,000	£340,351	18% below HPI
2014 25 JUL	£186,995	£227,588	18% below HPI

1 PIKE LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North West Leicestershire local authority area over time, sourced from the HPI. The three 1 PIKE LANE sales between July 2014 and June 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 May 2022 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the June 2022 sale, which was also at 18% below the HPI.

How Large is 1 PIKE LANE?

1 PIKE LANE is 82m² according to the EPC inspection conducted in May 2022. This puts it in the smallest 20% of detached houses in Ibstock, based on EPC data. The below chart shows the distribution of detached houses by size in Ibstock, and where 1 PIKE LANE lies on this distribution: 11% of detached houses are smaller than 1 PIKE LANE, and 88% of houses are larger. Note that EPC data is not available for all properties in Ibstock.

1 PIKE LANE: Plot and Title Map

1 PIKE LANE sits on a plot of roughly 0.053 of an acre, or 213m². The below map shows the location of 1 PIKE 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 1 PIKE 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 1 PIKE LANE?

1 PIKE LANE is located in IBSTOCK, in the LE67 postcode district. The below map shows the position of No. 1 on PIKE LANE.