1A, BACK LANE, CLAYBROOKE MAGNA, LUTTERWORTH, LE17 5AW - £290,000

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.

1A BACK LANE is a very small detached house of 106m², built sometime between 1991 and 1995, which could now be worth an estimated £371,794. It was last sold for £290,000 in July 2018, which was around 22% below the average July 2018 detached price in the Harborough local authority area. The most recent EPC inspection was September 2013, where the current energy rating was C, and the potential energy rating was B.

1A BACK LANE Sold Prices

Land registry data shows four sales for 1A BACK 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 Harborough local authority area for the corresponding sale date. two of the four 1A BACK LANE sales were for below the average price, and four 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
2018 16 JUL	£290,000	£373,637	22% below HPI
2011 14 JAN	£250,000	£265,796	6% below HPI
1997 10 OCT	£123,000	£99,955	23% above HPI
1995 13 APR	£88,700	£85,520	4% above HPI

1A BACK LANE 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 four 1A BACK LANE sales between April 1995 and July 2018 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 January 2011 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the July 2018 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 1A BACK LANE be worth now?

1A BACK LANE might now be worth an estimated £371,794.

This is based on house price inflation of 28.2%, between July 2018 and March 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 28.2% inflationary increase is applied to the most recent sale price for 1A BACK LANE of £290,000 on 16th July 2018. For the value to have increased from £290,000 to £371,794 over the seven years and four months to March 2025, the following assumptions must hold true:

• The value of 1A BACK LANE has moved in line with the HPI for detached houses in the Harborough local authority area.
• The July 2018 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 1A BACK LANE has not materially changed since July 2018.

How Large is 1A BACK LANE?

1A BACK LANE is 106m² according to the EPC inspection conducted in September 2013. This puts it in the smallest 20% of detached houses houses in Claybrooke Magna, based on EPC data. The below chart shows the distribution of detached houses houses by size in Claybrooke Magna, and where 1A BACK LANE lies on this distribution: 16% of detached houses houses are smaller than 1A BACK LANE, and 83% of houses are larger. Note that EPC data is not available for all properties in Claybrooke Magna.

1A BACK LANE: Plot and Title Map

1A BACK LANE sits on a plot of roughly 0.080 of an acre, or 323m². The below map shows the location of 1A BACK 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 1A BACK 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 1A BACK LANE?

1A BACK LANE is located in CLAYBROOKE MAGNA, in the LE17 postcode district. The below map shows the position of No. 1A on BACK LANE.