2, LANTERN LANE, EAST LEAKE, LOUGHBOROUGH, LE12 6QN - £362,500

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 LANTERN LANE is a very large detached house of 158m², built sometime between 2003 and 2006, which could now be worth an estimated £446,200. It was last sold for £362,500 in May 2021, which was around 11% below the average May 2021 detached price in the Rushcliffe local authority area. The most recent EPC inspection was January 2014, where the current energy rating was C, and the potential energy rating was B.

2 LANTERN LANE Sold Prices

Land registry data shows two sales for 2 LANTERN 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 Rushcliffe local authority area for the corresponding sale date. One of the two 2 LANTERN LANE sales was for below the average price, whilst the other was 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 26 MAY	£362,500	£406,403	11% below HPI
2005 23 SEP	£329,500	£264,379	25% above HPI

2 LANTERN LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rushcliffe local authority area over time, sourced from the HPI. The two 2 LANTERN LANE sales from September 2005 and May 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 2005 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the May 2021 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 2 LANTERN LANE be worth now?

2 LANTERN LANE might now be worth an estimated £446,200.

This is based on house price inflation of 23.1%, between May 2021 and February 2025, for detached houses, in the Rushcliffe local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 23.1% inflationary increase is applied to the most recent sale price for 2 LANTERN LANE of £362,500 on 26th May 2021. For the value to have increased from £362,500 to £446,200 over the four years and three months to February 2025, the following assumptions must hold true:

• The value of 2 LANTERN LANE has moved in line with the HPI for detached houses in the Rushcliffe local authority area.
• The May 2021 sale price of £362,500 represented a fair market value for the property.
• The size, condition, and specification of 2 LANTERN LANE has not materially changed since May 2021.

How Large is 2 LANTERN LANE?

2 LANTERN LANE is 158m² according to the EPC inspection conducted in January 2014. This puts it in the largest 20% of detached houses houses in East Leake, based on EPC data. The below chart shows the distribution of detached houses houses by size in East Leake, and where 2 LANTERN LANE lies on this distribution: 87% of detached houses houses are smaller than 2 LANTERN LANE, and 13% of houses are larger. Note that EPC data is not available for all properties in East Leake.

2 LANTERN LANE: Plot and Title Map

2 LANTERN LANE sits on a plot of roughly 0.113 of an acre, or 456m². The below map shows the location of 2 LANTERN 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 2 LANTERN 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 2 LANTERN LANE?

2 LANTERN LANE is located in EAST LEAKE, in the LE12 postcode district. The below map shows the position of No. 2 on LANTERN LANE.