16, SPRING CLOSE, LUTTERWORTH, LE17 4DD - £425,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

16 SPRING CLOSE is a very large extended detached house of 168m², built sometime between 1976 and 1982, which could now be worth an estimated £455,576. It was last sold for £425,000 in September 2024, which was around 8% below the average September 2024 detached price in the Harborough local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was C.

16 SPRING CLOSE Sold Prices

Land registry data shows three sales for 16 SPRING CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Harborough local authority area for the corresponding sale date. One of the three 16 SPRING CLOSE sales was for below the average price, whilst two 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
2024 5 SEP	£425,000	£459,767	8% below HPI
2017 30 AUG	£420,000	£352,982	19% above HPI
2005 29 SEP	£301,000	£256,217	17% above HPI

16 SPRING CLOSE 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 three 16 SPRING CLOSE sales between September 2005 and September 2024 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 August 2017 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the September 2024 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 16 SPRING CLOSE be worth now?

16 SPRING CLOSE might now be worth an estimated £455,576.

This is based on house price inflation of 7.2%, between September 2024 and December 2024, for detached houses, in the Harborough local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 7.2% inflationary increase is applied to the most recent sale price for 16 SPRING CLOSE of £425,000 on 5th September 2024. For the value to have increased from £425,000 to £455,576 over the nine months to December 2024, the following assumptions must hold true:

• The value of 16 SPRING CLOSE has moved in line with the HPI for detached houses in the Harborough local authority area.
• The September 2024 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of 16 SPRING CLOSE has not materially changed since September 2024.

How Large is 16 SPRING CLOSE?

16 SPRING CLOSE is 168m², which includes two extensions, according to the EPC inspection conducted in July 2016. This puts it in the largest 10% of detached houses houses in Lutterworth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lutterworth, and where 16 SPRING CLOSE lies on this distribution: 91% of detached houses houses are smaller than 16 SPRING CLOSE, and 8% of houses are larger. Note that EPC data is not available for all properties in Lutterworth.

16 SPRING CLOSE: Plot and Title Map

16 SPRING CLOSE sits on a plot of roughly 0.166 of an acre, or 673m². The below map shows the location of 16 SPRING CLOSE, 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 16 SPRING CLOSE). 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 16 SPRING CLOSE?

16 SPRING CLOSE is located in LUTTERWORTH, in the LE17 postcode district. The below map shows the position of No. 16 on SPRING CLOSE.