2, MICHIE ROAD, LOUGHBOROUGH, LE11 2UQ - £295,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 MICHIE ROAD is a very small detached house of 74m², built sometime between 2007 and 2011. It was last sold for £295,000 in June 2023, which was around 29% below the average June 2023 detached price in the Charnwood local authority area. The most recent EPC inspection was March 2023, where the current energy rating was C, and the potential energy rating was B.

2 MICHIE ROAD Sold Prices

Land registry data shows two sales for 2 MICHIE ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Charnwood local authority area for the corresponding sale date. Both of the two 2 MICHIE ROAD 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
2023 30 JUN	£295,000	£417,686	29% below HPI
2012 27 JUL	£174,950	£239,356	27% below HPI

2 MICHIE ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Charnwood local authority area over time, sourced from the HPI. The two 2 MICHIE ROAD sales from July 2012 and June 2023 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 2012 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the June 2023 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 2 MICHIE ROAD?

2 MICHIE ROAD is 74m² according to the EPC inspection conducted in March 2023. This puts it in the smallest 10% of detached houses in Loughborough, based on EPC data. The below chart shows the distribution of detached houses by size in Loughborough, and where 2 MICHIE ROAD lies on this distribution: 8% of detached houses are smaller than 2 MICHIE ROAD, and 91% of houses are larger. Note that EPC data is not available for all properties in Loughborough.

2 MICHIE ROAD: Plot and Title Map

2 MICHIE ROAD sits on a plot of roughly 0.060 of an acre, or 243m². The below map shows the location of 2 MICHIE ROAD, 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 MICHIE ROAD). 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 MICHIE ROAD?

2 MICHIE ROAD is located in LOUGHBOROUGH, in the LE11 postcode district. The below map shows the position of No. 2 on MICHIE ROAD.