11, MILL LANE, SMEETON WESTERBY, LEICESTER, LE8 0QL - £468,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

11 MILL LANE is a midsized extended detached house of 131m², built sometime between 1900 and 1929. It was last sold for £468,000 in September 2020, which was around 8% above the average September 2020 detached price in the Harborough local authority area. The most recent EPC inspection was April 2019, where the current energy rating was E, and the potential energy rating was C.

11 MILL LANE Sold Prices

Land registry data shows four sales for 11 MILL 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 Harborough local authority area for the corresponding sale date. All of the four 11 MILL LANE sales were for above 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
2020 30 SEP	£468,000	£433,904	8% above HPI
2011 12 OCT	£340,000	£275,198	24% above HPI
2006 4 SEP	£332,000	£276,572	20% above HPI
2004 19 MAR	£292,000	£237,713	23% above HPI

11 MILL LANE 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 11 MILL LANE sales between March 2004 and September 2020 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 October 2011 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the September 2020 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

How Large is 11 MILL LANE?

11 MILL LANE is 131m², which includes two extensions, according to the EPC inspection conducted in April 2019. This puts it in the largest 50% of detached houses in Smeeton Westerby, based on EPC data. The below chart shows the distribution of detached houses by size in Smeeton Westerby, and where 11 MILL LANE lies on this distribution: 54% of detached houses are smaller than 11 MILL LANE, and 46% of houses are larger. Note that EPC data is not available for all properties in Smeeton Westerby.

11 MILL LANE: Plot and Title Map

11 MILL LANE sits on a plot of roughly 0.060 of an acre, or 243m². The below map shows the location of 11 MILL 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 11 MILL 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 11 MILL LANE?

11 MILL LANE is located in SMEETON WESTERBY, in the LE8 postcode district. The below map shows the position of No. 11 on MILL LANE.