188, SPENCEFIELD LANE, LEICESTER, LE5 6HG - £296,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

188 SPENCEFIELD LANE is a large extended detached house of 156m², built sometime between 1900 and 1929. It was last sold for £296,000 in February 2006, which was around 47% above the average February 2006 detached price in the Leicester local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was C.

188 SPENCEFIELD LANE Sold Prices

Land registry data shows two sales for 188 SPENCEFIELD 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 Leicester local authority area for the corresponding sale date. Both of the two 188 SPENCEFIELD 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 7 FEB	£296,000	£201,431	47% above HPI
1998 24 JUL	£105,000	£76,349	38% above HPI

188 SPENCEFIELD LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Leicester local authority area over time, sourced from the HPI. The two 188 SPENCEFIELD LANE sales from July 1998 and February 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 July 1998 sale was for 38% above the HPI. So the extrapolation line tracks at 38% above the HPI over time, until the February 2006 sale, where it rises to 47% above the HPI. The line then continues to track at 47% above the HPI.

How Large is 188 SPENCEFIELD LANE?

188 SPENCEFIELD LANE is 156m², which includes two extensions, according to the EPC inspection conducted in October 2014. This puts it in the largest 30% of detached houses in Leicester, based on EPC data. The below chart shows the distribution of detached houses by size in Leicester, and where 188 SPENCEFIELD LANE lies on this distribution: 79% of detached houses are smaller than 188 SPENCEFIELD LANE, and 20% of houses are larger. Note that EPC data is not available for all properties in Leicester.

188 SPENCEFIELD LANE: Plot and Title Map

188 SPENCEFIELD LANE sits on a plot of roughly 0.095 of an acre, or 385m². The below map shows the location of 188 SPENCEFIELD 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 188 SPENCEFIELD 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 188 SPENCEFIELD LANE?

188 SPENCEFIELD LANE is located in LEICESTER, in the LE5 postcode district. The below map shows the position of No. 188 on SPENCEFIELD LANE.