131, SPENCEFIELD LANE, LEICESTER, LE5 6GG - £650,000

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

131 SPENCEFIELD LANE is a very large extended detached house of 186m², built sometime between 1930 and 1949. It was last sold for £650,000 in February 2021, which was around 90% above the average February 2021 detached price in the Leicester local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was C.

131 SPENCEFIELD LANE Sold Prices

Land registry data shows three sales for 131 SPENCEFIELD LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Leicester local authority area for the corresponding sale date. Two of the three 131 SPENCEFIELD LANE sales were for above the average price, whilst one 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
2021 18 FEB	£650,000	£342,335	90% above HPI
2020 24 FEB	£189,000	£318,964	41% below HPI
2003 3 NOV	£350,000	£176,294	99% above HPI

131 SPENCEFIELD LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Leicester local authority area over time, sourced from the HPI. The three 131 SPENCEFIELD LANE sales between November 2003 and February 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 February 2020 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the February 2021 sale, where it rises to 90% above the HPI. The line then continues to track at 90% above the HPI.

How Large is 131 SPENCEFIELD LANE?

131 SPENCEFIELD LANE is 186m², which includes three extensions, according to the EPC inspection conducted in September 2020. This puts it in the largest 20% of detached houses in Leicester, based on EPC data. The below chart shows the distribution of detached houses by size in Leicester, and where 131 SPENCEFIELD LANE lies on this distribution: 90% of detached houses are smaller than 131 SPENCEFIELD LANE, and 10% of houses are larger. Note that EPC data is not available for all properties in Leicester.

131 SPENCEFIELD LANE: Plot and Title Map

131 SPENCEFIELD LANE sits on a plot of roughly 0.284 of an acre, or 1,148m². The below map shows the location of 131 SPENCEFIELD 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 131 SPENCEFIELD 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 131 SPENCEFIELD LANE?

131 SPENCEFIELD LANE is located in LEICESTER, in the LE5 postcode district. The below map shows the position of No. 131 on SPENCEFIELD LANE.