1, WELL LANE, UPPER BROUGHTON, MELTON MOWBRAY, LE14 3BL - £510,000

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.

1 WELL LANE is a small extended detached house of 156m², built sometime between 1950 and 1966, which could now be worth an estimated £560,182. It was last sold for £510,000 in March 2023, which was around 11% above the average March 2023 detached price in the Rushcliffe local authority area. The most recent EPC inspection was September 2018, where the current energy rating was F, and the potential energy rating was C.

1 WELL LANE Sold Prices

Land registry data shows two sales for 1 WELL LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Rushcliffe local authority area for the corresponding sale date. One of the two 1 WELL LANE sales was for above the average price, whilst the other was 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
2023 30 MAR	£510,000	£460,869	11% above HPI
2019 6 DEC	£325,000	£380,685	15% below HPI

1 WELL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rushcliffe local authority area over time, sourced from the HPI. The two 1 WELL LANE sales from December 2019 and March 2023 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 2019 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the March 2023 sale, where it rises to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might 1 WELL LANE be worth now?

1 WELL LANE might now be worth an estimated £560,182.

This is based on house price inflation of 9.8%, between March 2023 and March 2025, for detached houses, in the Rushcliffe local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 9.8% inflationary increase is applied to the most recent sale price for 1 WELL LANE of £510,000 on 30th March 2023. For the value to have increased from £510,000 to £560,182 over the two years to March 2025, the following assumptions must hold true:

• The value of 1 WELL LANE has moved in line with the HPI for detached houses in the Rushcliffe local authority area.
• The March 2023 sale price of £510,000 represented a fair market value for the property.
• The size, condition, and specification of 1 WELL LANE has not materially changed since March 2023.

How Large is 1 WELL LANE?

1 WELL LANE is 156m², which includes one extension, according to the EPC inspection conducted in September 2018. This puts it in the smallest 30% of detached houses houses in Upper Broughton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Upper Broughton, and where 1 WELL LANE lies on this distribution: 30% of detached houses houses are smaller than 1 WELL LANE, and 70% of houses are larger. Note that EPC data is not available for all properties in Upper Broughton.

1 WELL LANE: Plot and Title Map

1 WELL LANE sits on a plot of roughly 0.153 of an acre, or 621m². The below map shows the location of 1 WELL 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 WELL 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 WELL LANE?

1 WELL LANE is located in UPPER BROUGHTON, in the LE14 postcode district. The below map shows the position of No. 1 on WELL LANE.