12, SMITHY WAY, SHEPSHED, LOUGHBOROUGH, LE12 9TQ - £285,000

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

12 SMITHY WAY is a small detached house of 95m², built sometime between 1991 and 1995. It was last sold for £285,000 in March 2021, which was around 20% below the average March 2021 detached price in the Charnwood local authority area. The most recent EPC inspection was July 2017, where the current energy rating was D, and the potential energy rating was C.

12 SMITHY WAY Sold Prices

Land registry data shows three sales for 12 SMITHY WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Charnwood local authority area for the corresponding sale date. All of the three 12 SMITHY WAY 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
2021 26 MAR	£285,000	£357,103	20% below HPI
2001 30 NOV	£120,000	£136,908	12% below HPI
1996 23 AUG	£81,500	£82,225	1% below HPI

12 SMITHY WAY 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 three 12 SMITHY WAY sales between August 1996 and March 2021 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 November 2001 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the March 2021 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 12 SMITHY WAY?

12 SMITHY WAY is 95m² according to the EPC inspection conducted in July 2017. This puts it in the smallest 40% of detached houses in Shepshed, based on EPC data. The below chart shows the distribution of detached houses by size in Shepshed, and where 12 SMITHY WAY lies on this distribution: 33% of detached houses are smaller than 12 SMITHY WAY, and 66% of houses are larger. Note that EPC data is not available for all properties in Shepshed.

12 SMITHY WAY: Plot and Title Map

12 SMITHY WAY sits on a plot of roughly 0.114 of an acre, or 463m². The below map shows the location of 12 SMITHY WAY, 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 12 SMITHY WAY). 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 12 SMITHY WAY?

12 SMITHY WAY is located in SHEPSHED, in the LE12 postcode district. The below map shows the position of No. 12 on SMITHY WAY.