19, MILL LANE, NEWBOLD VERDON, LEICESTER, LE9 9PT - £275,000

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.

19 MILL LANE is a large detached house of 129m², built sometime between 1967 and 1975, which could now be worth an estimated £345,129. It was last sold for £275,000 in August 2020, which was around 9% below the average August 2020 detached price in the Hinckley and Bosworth local authority area. The most recent EPC inspection was March 2020, where the current energy rating was D, and the potential energy rating was C.

19 MILL LANE Sold Prices

Land registry data shows four sales for 19 MILL 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 Hinckley and Bosworth local authority area for the corresponding sale date. All of the four 19 MILL 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
2020 21 AUG	£275,000	£303,620	9% below HPI
2016 28 APR	£220,000	£245,440	10% below HPI
2016 8 APR	£215,000	£245,440	12% below HPI
2006 16 AUG	£210,000	£214,735	2% below HPI

19 MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Hinckley and Bosworth local authority area over time, sourced from the HPI. The four 19 MILL LANE sales between August 2006 and August 2020 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 April 2016 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the August 2020 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 19 MILL LANE be worth now?

19 MILL LANE might now be worth an estimated £345,129.

This is based on house price inflation of 25.5%, between August 2020 and February 2025, for detached houses, in the Hinckley and Bosworth local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 25.5% inflationary increase is applied to the most recent sale price for 19 MILL LANE of £275,000 on 21st August 2020. For the value to have increased from £275,000 to £345,129 over the five years and six months to February 2025, the following assumptions must hold true:

• The value of 19 MILL LANE has moved in line with the HPI for detached houses in the Hinckley and Bosworth local authority area.
• The August 2020 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 19 MILL LANE has not materially changed since August 2020.

How Large is 19 MILL LANE?

19 MILL LANE is 129m² according to the EPC inspection conducted in March 2020. This puts it in the largest 40% of detached houses houses in Newbold Verdon, based on EPC data. The below chart shows the distribution of detached houses houses by size in Newbold Verdon, and where 19 MILL LANE lies on this distribution: 61% of detached houses houses are smaller than 19 MILL LANE, and 37% of houses are larger. Note that EPC data is not available for all properties in Newbold Verdon.

19 MILL LANE: Plot and Title Map

19 MILL LANE sits on a plot of roughly 0.082 of an acre, or 333m². The below map shows the location of 19 MILL 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 19 MILL 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 19 MILL LANE?

19 MILL LANE is located in NEWBOLD VERDON, in the LE9 postcode district. The below map shows the position of No. 19 on MILL LANE.