2, LANCE CLOSE, BURBAGE, HINCKLEY, LE10 2NT - £410,000

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 LANCE CLOSE is a small detached house of 98m², built sometime between 1983 and 1990, which could now be worth an estimated £449,842. It was last sold for £410,000 in October 2021, which was around 18% above the average October 2021 detached price in the Hinckley and Bosworth local authority area. The most recent EPC inspection was November 2014, where the current energy rating was D, and the potential energy rating was B.

2 LANCE CLOSE Sold Prices

Land registry data shows four sales for 2 LANCE CLOSE 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 2 LANCE CLOSE 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
2021 22 OCT	£410,000	£347,298	18% above HPI
2021 24 SEP	£371,500	£332,106	12% above HPI
2016 11 AUG	£290,000	£246,209	18% above HPI
2015 14 JUL	£332,500	£232,802	43% above HPI

2 LANCE CLOSE 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 2 LANCE CLOSE sales between July 2015 and October 2021 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 September 2021 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the October 2021 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might 2 LANCE CLOSE be worth now?

2 LANCE CLOSE might now be worth an estimated £449,842.

This is based on house price inflation of 9.7%, between October 2021 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 9.7% inflationary increase is applied to the most recent sale price for 2 LANCE CLOSE of £410,000 on 22nd October 2021. For the value to have increased from £410,000 to £449,842 over the four years and eight months to February 2025, the following assumptions must hold true:

• The value of 2 LANCE CLOSE has moved in line with the HPI for detached houses in the Hinckley and Bosworth local authority area.
• The October 2021 sale price of £410,000 represented a fair market value for the property.
• The size, condition, and specification of 2 LANCE CLOSE has not materially changed since October 2021.

How Large is 2 LANCE CLOSE?

2 LANCE CLOSE is 98m² according to the EPC inspection conducted in November 2014. This puts it in the smallest 40% of detached houses houses in Hinckley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hinckley, and where 2 LANCE CLOSE lies on this distribution: 35% of detached houses houses are smaller than 2 LANCE CLOSE, and 64% of houses are larger. Note that EPC data is not available for all properties in Hinckley.

2 LANCE CLOSE: Plot and Title Map

2 LANCE CLOSE sits on a plot of roughly 0.121 of an acre, or 491m². The below map shows the location of 2 LANCE CLOSE, 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 LANCE CLOSE). 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 LANCE CLOSE?

2 LANCE CLOSE is located in BURBAGE, in the LE10 postcode district. The below map shows the position of No. 2 on LANCE CLOSE.