18, SPRING LANE, SHEPSHED, LOUGHBOROUGH, LE12 9JE - £199,995

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

18 SPRING LANE is a very small detached house of 62m², built sometime between 1996 and 2002. It was last sold for £199,995 in July 2023, which was around 53% below the average July 2023 detached price in the Charnwood local authority area. The most recent EPC inspection was December 2017, where the current energy rating was C, and the potential energy rating was B.

18 SPRING LANE Sold Prices

Land registry data shows four sales for 18 SPRING LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Charnwood local authority area for the corresponding sale date. All of the four 18 SPRING LANE 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
2023 28 JUL	£199,995	£421,396	53% below HPI
2004 2 JUL	£125,000	£222,940	44% below HPI
2002 4 OCT	£68,000	£172,184	61% below HPI
1998 14 DEC	£26,475	£94,511	72% below HPI

18 SPRING LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Charnwood local authority area over time, sourced from the HPI. The four 18 SPRING LANE sales between December 1998 and July 2023 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 July 2004 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the July 2023 sale, where it falls to 53% below the HPI. The line then continues to track at 53% below the HPI.

How Large is 18 SPRING LANE?

18 SPRING LANE is 62m² according to the EPC inspection conducted in December 2017. This puts it in the smallest 10% of detached houses in Shepshed, based on EPC data. The below chart shows the distribution of detached houses by size in Shepshed, and where 18 SPRING LANE lies on this distribution: 4% of detached houses are smaller than 18 SPRING LANE, and 96% of houses are larger. Note that EPC data is not available for all properties in Shepshed.

18 SPRING LANE: Plot and Title Map

18 SPRING LANE sits on a plot of roughly 0.041 of an acre, or 166m². The below map shows the location of 18 SPRING 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 SPRING 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 SPRING LANE?

18 SPRING LANE is located in SHEPSHED, in the LE12 postcode district. The below map shows the position of No. 18 on SPRING LANE.