2, SPENCEFIELD GARDENS, LEICESTER, LE5 6PY - £375,000

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 SPENCEFIELD GARDENS is a very large detached house of 174m², built sometime from 2007 onwards, which could now be worth an estimated £641,166. It was last sold for £375,000 in June 2015, which was around 66% above the average June 2015 detached price in the Leicester local authority area. The most recent EPC inspection was March 2012, where the current energy rating was C, and the potential energy rating was C.

2 SPENCEFIELD GARDENS Sold Prices

Land registry data shows two sales for 2 SPENCEFIELD GARDENS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Leicester local authority area for the corresponding sale date. Both of the two 2 SPENCEFIELD GARDENS 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
2015 26 JUN	£375,000	£225,804	66% above HPI
2014 31 JAN	£225,000	£209,626	7% above HPI

2 SPENCEFIELD GARDENS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Leicester local authority area over time, sourced from the HPI. The two 2 SPENCEFIELD GARDENS sales from January 2014 and June 2015 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 2014 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the June 2015 sale, where it rises to 66% above the HPI. The line then continues to track at 66% above the HPI.

What might 2 SPENCEFIELD GARDENS be worth now?

2 SPENCEFIELD GARDENS might now be worth an estimated £641,166.

This is based on house price inflation of 71%, between June 2015 and February 2025, for detached houses, in the Leicester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 71% inflationary increase is applied to the most recent sale price for 2 SPENCEFIELD GARDENS of £375,000 on 26th June 2015. For the value to have increased from £375,000 to £641,166 over the ten years and four months to February 2025, the following assumptions must hold true:

• The value of 2 SPENCEFIELD GARDENS has moved in line with the HPI for detached houses in the Leicester local authority area.
• The June 2015 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of 2 SPENCEFIELD GARDENS has not materially changed since June 2015.

How Large is 2 SPENCEFIELD GARDENS?

2 SPENCEFIELD GARDENS is 174m² according to the EPC inspection conducted in March 2012. This puts it in the largest 20% of detached houses houses in Leicester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Leicester, and where 2 SPENCEFIELD GARDENS lies on this distribution: 86% of detached houses houses are smaller than 2 SPENCEFIELD GARDENS, and 14% of houses are larger. Note that EPC data is not available for all properties in Leicester.

2 SPENCEFIELD GARDENS: Plot and Title Map

2 SPENCEFIELD GARDENS sits on a plot of roughly 0.126 of an acre, or 510m². The below map shows the location of 2 SPENCEFIELD GARDENS, 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 SPENCEFIELD GARDENS). 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 SPENCEFIELD GARDENS?

2 SPENCEFIELD GARDENS is located in LEICESTER, in the LE5 postcode district. The below map shows the position of No. 2 on SPENCEFIELD GARDENS.