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

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). 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 23% 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	£363,748	23% below HPI
2022 31 MAY	£280,000	£360,921	22% below HPI
2014 25 JUL	£186,995	£241,343	23% 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 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the June 2022 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 1 PIKE LANE be worth now?

1 PIKE LANE might now be worth an estimated £302,399.

This is based on house price inflation of 8%, between June 2022 and December 2024, for detached houses, in the North West Leicestershire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 8% inflationary increase is applied to the most recent sale price for 1 PIKE LANE of £280,000 on 27th June 2022. For the value to have increased from £280,000 to £302,399 over the one year and six months to December 2024, the following assumptions must hold true:

• The value of 1 PIKE LANE has moved in line with the HPI for detached houses in the North West Leicestershire local authority area.
• The June 2022 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 1 PIKE LANE has not materially changed since June 2022.

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 houses in Ibstock, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ibstock, and where 1 PIKE LANE lies on this distribution: 12% of detached houses houses are smaller than 1 PIKE LANE, and 87% 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.