15, SCHOOL LANE, NEWTON BURGOLAND, COALVILLE, LE67 2SL - £295,000

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.

15 SCHOOL LANE is a small extended detached house of 108m², built sometime between 1950 and 1966, which could now be worth an estimated £468,964. It was last sold for £295,000 in March 2015, which was around 19% above the average March 2015 detached price in the North West Leicestershire local authority area. The most recent EPC inspection was December 2014, where the current energy rating was D, and the potential energy rating was C.

15 SCHOOL LANE Sold Prices

Land registry data shows three sales for 15 SCHOOL 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 North West Leicestershire local authority area for the corresponding sale date. All of the three 15 SCHOOL 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
2015 27 MAR	£295,000	£247,360	19% above HPI
2011 12 DEC	£260,000	£217,769	19% above HPI
2006 18 JAN	£235,350	£226,738	4% above HPI

15 SCHOOL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North West Leicestershire local authority area over time, sourced from the HPI. The three 15 SCHOOL LANE sales between January 2006 and March 2015 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 2011 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the March 2015 sale, which was also at 19% above the HPI.

What might 15 SCHOOL LANE be worth now?

15 SCHOOL LANE might now be worth an estimated £468,964.

This is based on house price inflation of 59%, between March 2015 and March 2025, for detached houses, in the North West Leicestershire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 59% inflationary increase is applied to the most recent sale price for 15 SCHOOL LANE of £295,000 on 27th March 2015. For the value to have increased from £295,000 to £468,964 over the ten years to March 2025, the following assumptions must hold true:

• The value of 15 SCHOOL LANE has moved in line with the HPI for detached houses in the North West Leicestershire local authority area.
• The March 2015 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 15 SCHOOL LANE has not materially changed since March 2015.

How Large is 15 SCHOOL LANE?

15 SCHOOL LANE is 108m², which includes one extension, according to the EPC inspection conducted in December 2014. This puts it in the smallest 30% of detached houses houses in Newton Burgoland, based on EPC data. The below chart shows the distribution of detached houses houses by size in Newton Burgoland, and where 15 SCHOOL LANE lies on this distribution: 26% of detached houses houses are smaller than 15 SCHOOL LANE, and 74% of houses are larger. Note that EPC data is not available for all properties in Newton Burgoland.

15 SCHOOL LANE: Plot and Title Map

15 SCHOOL LANE sits on a plot of roughly 0.098 of an acre, or 396m². The below map shows the location of 15 SCHOOL 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 15 SCHOOL 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 15 SCHOOL LANE?

15 SCHOOL LANE is located in NEWTON BURGOLAND, in the LE67 postcode district. The below map shows the position of No. 15 on SCHOOL LANE.