11, SPRING LANE, WYMONDHAM, MELTON MOWBRAY, LE14 2AY - £360,000

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

11 SPRING LANE is a small detached house of 119m², built sometime between 1991 and 1995. It was last sold for £360,000 in June 2017, which was around 22% above the average June 2017 detached price in the Melton local authority area. The most recent EPC inspection was April 2017, where the current energy rating was D, and the potential energy rating was A.

11 SPRING LANE Sold Prices

Land registry data shows two sales for 11 SPRING 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 Melton local authority area for the corresponding sale date. Both of the two 11 SPRING 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
2017 27 JUN	£360,000	£294,358	22% above HPI
1999 17 DEC	£141,500	£112,540	26% above HPI

11 SPRING LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Melton local authority area over time, sourced from the HPI. The two 11 SPRING LANE sales from December 1999 and June 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 December 1999 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the June 2017 sale, where it falls to 22% above the HPI. The line then continues to track at 22% above the HPI.

How Large is 11 SPRING LANE?

11 SPRING LANE is 119m² according to the EPC inspection conducted in April 2017. This puts it in the smallest 40% of detached houses in Wymondham, based on EPC data. The below chart shows the distribution of detached houses by size in Wymondham, and where 11 SPRING LANE lies on this distribution: 37% of detached houses are smaller than 11 SPRING LANE, and 63% of houses are larger. Note that EPC data is not available for all properties in Wymondham.

11 SPRING LANE: Plot and Title Map

11 SPRING LANE sits on a plot of roughly 0.098 of an acre, or 396m². The below map shows the location of 11 SPRING 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 SPRING 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 SPRING LANE?

11 SPRING LANE is located in WYMONDHAM, in the LE14 postcode district. The below map shows the position of No. 11 on SPRING LANE.