18, SMITHY LANE, LONG WHATTON, LOUGHBOROUGH, LE12 5BE - £249,000

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

18 SMITHY LANE is a small extended detached house of 110m², built sometime between 1983 and 1990, which could now be worth an estimated £417,052. It was last sold for £249,000 in August 2006, which was around 6% above the average August 2006 detached price in the North West Leicestershire local authority area. The most recent EPC inspection was October 2019, where the current energy rating was D, and the potential energy rating was B.

18 SMITHY LANE Sold Prices

Land registry data shows two sales for 18 SMITHY LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North West Leicestershire local authority area for the corresponding sale date. Both of the two 18 SMITHY 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
2006 17 AUG	£249,000	£234,548	6% above HPI
1997 21 FEB	£89,000	£79,502	12% above HPI

18 SMITHY 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 two 18 SMITHY LANE sales from February 1997 and August 2006 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 1997 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the August 2006 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 18 SMITHY LANE be worth now?

18 SMITHY LANE might now be worth an estimated £417,052.

This is based on house price inflation of 67.5%, between August 2006 and December 2024, 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 67.5% inflationary increase is applied to the most recent sale price for 18 SMITHY LANE of £249,000 on 17th August 2006. For the value to have increased from £249,000 to £417,052 over the seventeen years and eight months to December 2024, the following assumptions must hold true:

• The value of 18 SMITHY LANE has moved in line with the HPI for detached houses in the North West Leicestershire local authority area.
• The August 2006 sale price of £249,000 represented a fair market value for the property.
• The size, condition, and specification of 18 SMITHY LANE has not materially changed since August 2006.

How Large is 18 SMITHY LANE?

18 SMITHY LANE is 110m², which includes one extension, according to the EPC inspection conducted in October 2019. This puts it in the smallest 30% of detached houses houses in Long Whatton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Long Whatton, and where 18 SMITHY LANE lies on this distribution: 24% of detached houses houses are smaller than 18 SMITHY LANE, and 76% of houses are larger. Note that EPC data is not available for all properties in Long Whatton.

18 SMITHY LANE: Plot and Title Map

18 SMITHY LANE sits on a plot of roughly 0.149 of an acre, or 605m². The below map shows the location of 18 SMITHY 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 18 SMITHY 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 18 SMITHY LANE?

18 SMITHY LANE is located in LONG WHATTON, in the LE12 postcode district. The below map shows the position of No. 18 on SMITHY LANE.