2, MILL ROAD, REARSBY, LEICESTER, LE7 4YN - £1,150,000

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 MILL ROAD is a very large detached house of 458m², built sometime before 1900, which could now be worth an estimated £1,358,632. It was last sold for £1,150,000 in November 2020, which was around 226% above the average November 2020 detached price in the Charnwood local authority area. The most recent EPC inspection was January 2010, where the current energy rating was F, and the potential energy rating was F.

2 MILL ROAD Sold Prices

Land registry data shows two sales for 2 MILL 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 MILL ROAD 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
2020 27 NOV	£1,150,000	£352,306	226% above HPI
2000 21 JAN	£310,000	£105,476	194% above HPI

2 MILL 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 MILL ROAD sales from January 2000 and November 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 January 2000 sale was for 194% above the HPI. So the extrapolation line tracks at 194% above the HPI over time, until the November 2020 sale, where it rises to 226% above the HPI. The line then continues to track at 226% above the HPI.

What might 2 MILL ROAD be worth now?

2 MILL ROAD might now be worth an estimated £1,358,632.

This is based on house price inflation of 18.1%, between November 2020 and February 2025, for detached houses, in the Charnwood local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 18.1% inflationary increase is applied to the most recent sale price for 2 MILL ROAD of £1,150,000 on 27th November 2020. For the value to have increased from £1,150,000 to £1,358,632 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of 2 MILL ROAD has moved in line with the HPI for detached houses in the Charnwood local authority area.
• The November 2020 sale price of £1,150,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MILL ROAD has not materially changed since November 2020.

How Large is 2 MILL ROAD?

2 MILL ROAD is 458m² according to the EPC inspection conducted in January 2010. This puts it in the largest 10% of detached houses houses in Rearsby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Rearsby, and where 2 MILL ROAD lies on this distribution: More than 99% of detached houses houses are smaller than 2 MILL ROAD, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Rearsby.

2 MILL ROAD: Plot and Title Map

2 MILL ROAD sits on a plot of roughly 0.456 of an acre, or 1,846m². The below map shows the location of 2 MILL 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 MILL 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 MILL ROAD?

2 MILL ROAD is located in REARSBY, in the LE7 postcode district. The below map shows the position of No. 2 on MILL ROAD.