2, CHESTNUT AVENUE, LUTTERWORTH, LE17 4TJ - £270,000

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.

2 CHESTNUT AVENUE is a very small extended detached house of 84m², built sometime between 1976 and 1982, which could now be worth an estimated £305,530. It was last sold for £270,000 in October 2020, which was around 36% below the average October 2020 detached price in the Harborough local authority area. The most recent EPC inspection was June 2020, where the current energy rating was D, and the potential energy rating was B.

2 CHESTNUT AVENUE Sold Prices

Land registry data shows three sales for 2 CHESTNUT AVENUE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Harborough local authority area for the corresponding sale date. All of the three 2 CHESTNUT AVENUE 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 8 OCT	£270,000	£423,316	36% below HPI
2010 27 JUL	£169,050	£270,615	38% below HPI
2009 20 MAY	£90,000	£239,885	62% below HPI

2 CHESTNUT AVENUE 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 three 2 CHESTNUT AVENUE sales between May 2009 and October 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 July 2010 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the October 2020 sale, where it rises to 36% below the HPI. The line then continues to track at 36% below the HPI.

What might 2 CHESTNUT AVENUE be worth now?

2 CHESTNUT AVENUE might now be worth an estimated £305,530.

This is based on house price inflation of 13.2%, between October 2020 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 13.2% inflationary increase is applied to the most recent sale price for 2 CHESTNUT AVENUE of £270,000 on 8th October 2020. For the value to have increased from £270,000 to £305,530 over the five years and seven months to March 2025, the following assumptions must hold true:

• The value of 2 CHESTNUT AVENUE has moved in line with the HPI for detached houses in the Harborough local authority area.
• The October 2020 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CHESTNUT AVENUE has not materially changed since October 2020.

How Large is 2 CHESTNUT AVENUE?

2 CHESTNUT AVENUE is 84m², which includes one extension, according to the EPC inspection conducted in June 2020. This puts it in the smallest 20% of detached houses houses in Lutterworth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lutterworth, and where 2 CHESTNUT AVENUE lies on this distribution: 15% of detached houses houses are smaller than 2 CHESTNUT AVENUE, and 85% of houses are larger. Note that EPC data is not available for all properties in Lutterworth.

2 CHESTNUT AVENUE: Plot and Title Map

2 CHESTNUT AVENUE sits on a plot of roughly 0.082 of an acre, or 330m². The below map shows the location of 2 CHESTNUT AVENUE, 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 2 CHESTNUT AVENUE). 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 2 CHESTNUT AVENUE?

2 CHESTNUT AVENUE is located in LUTTERWORTH, in the LE17 postcode district. The below map shows the position of No. 2 on CHESTNUT AVENUE.