1, RED HILL LANE, THURMASTON, LEICESTER, LE4 8FT - £152,500

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.

1 RED HILL LANE is a small detached house of 79m², built sometime between 1930 and 1949, which could now be worth an estimated £207,650. It was last sold for £152,500 in August 2017, which was around 50% below the average August 2017 detached price in the Charnwood local authority area. The most recent EPC inspection was April 2016, where the current energy rating was E, and the potential energy rating was C.

1 RED HILL LANE Sold Prices

Land registry data shows four sales for 1 RED HILL LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Charnwood local authority area for the corresponding sale date. All of the four 1 RED HILL 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
2017 31 AUG	£152,500	£305,677	50% below HPI
2016 8 SEP	£125,000	£283,926	56% below HPI
2004 7 MAY	£108,000	£212,224	49% below HPI
1999 17 DEC	£49,000	£107,049	54% below HPI

1 RED HILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Charnwood local authority area over time, sourced from the HPI. The four 1 RED HILL LANE sales between December 1999 and August 2017 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 September 2016 sale was for 56% below the HPI. So the extrapolation line tracks at 56% below the HPI over time, until the August 2017 sale, where it rises to 50% below the HPI. The line then continues to track at 50% below the HPI.

What might 1 RED HILL LANE be worth now?

1 RED HILL LANE might now be worth an estimated £207,650.

This is based on house price inflation of 36.2%, between August 2017 and February 2025, for detached 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 36.2% inflationary increase is applied to the most recent sale price for 1 RED HILL LANE of £152,500 on 31st August 2017. For the value to have increased from £152,500 to £207,650 over the eight years and six months to February 2025, the following assumptions must hold true:

• The value of 1 RED HILL LANE has moved in line with the HPI for detached houses in the Charnwood local authority area.
• The August 2017 sale price of £152,500 represented a fair market value for the property.
• The size, condition, and specification of 1 RED HILL LANE has not materially changed since August 2017.

How Large is 1 RED HILL LANE?

1 RED HILL LANE is 79m² according to the EPC inspection conducted in April 2016. This puts it in the smallest 40% of detached houses houses in Thurmaston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Thurmaston, and where 1 RED HILL LANE lies on this distribution: 37% of detached houses houses are smaller than 1 RED HILL LANE, and 63% of houses are larger. Note that EPC data is not available for all properties in Thurmaston.

1 RED HILL LANE: Plot and Title Map

1 RED HILL LANE sits on a plot of roughly 0.042 of an acre, or 169m². The below map shows the location of 1 RED HILL 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 RED HILL 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 RED HILL LANE?

1 RED HILL LANE is located in THURMASTON, in the LE4 postcode district. The below map shows the position of No. 1 on RED HILL LANE.