18, NEW STREET, LUTTERWORTH, LE17 4PJ - £287,500

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.

18 NEW STREET is a very small extended detached house of 78m², built sometime between 1950 and 1966, which could now be worth an estimated £326,761. It was last sold for £287,500 in February 2022, which was around 33% below the average February 2022 detached price in the Harborough local authority area. The most recent EPC inspection was June 2019, where the current energy rating was D, and the potential energy rating was B.

18 NEW STREET Sold Prices

Land registry data shows three sales for 18 NEW STREET 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. All of the three 18 NEW STREET 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
2022 18 FEB	£287,500	£427,040	33% below HPI
2020 17 FEB	£255,000	£396,403	36% below HPI
2011 11 APR	£135,000	£267,959	50% below HPI

18 NEW STREET 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 18 NEW STREET sales between April 2011 and February 2022 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 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the February 2022 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 18 NEW STREET be worth now?

18 NEW STREET might now be worth an estimated £326,761.

This is based on house price inflation of 13.7%, between February 2022 and February 2025, 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 13.7% inflationary increase is applied to the most recent sale price for 18 NEW STREET of £287,500 on 18th February 2022. For the value to have increased from £287,500 to £326,761 over the three years to February 2025, the following assumptions must hold true:

• The value of 18 NEW STREET has moved in line with the HPI for detached houses in the Harborough local authority area.
• The February 2022 sale price of £287,500 represented a fair market value for the property.
• The size, condition, and specification of 18 NEW STREET has not materially changed since February 2022.

How Large is 18 NEW STREET?

18 NEW STREET is 78m², which includes one extension, according to the EPC inspection conducted in June 2019. This puts it in the smallest 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 18 NEW STREET lies on this distribution: 10% of detached houses houses are smaller than 18 NEW STREET, and 89% of houses are larger. Note that EPC data is not available for all properties in Lutterworth.

18 NEW STREET: Plot and Title Map

18 NEW STREET sits on a plot of roughly 0.099 of an acre, or 399m². The below map shows the location of 18 NEW STREET, 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 18 NEW STREET). 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 18 NEW STREET?

18 NEW STREET is located in LUTTERWORTH, in the LE17 postcode district. The below map shows the position of No. 18 on NEW STREET.