2, SPRING CLOSE, LUTTERWORTH, LE17 4DD - £295,000

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 SPRING CLOSE is a very large extended detached house of 162m², built sometime between 1967 and 1975, which could now be worth an estimated £547,577. It was last sold for £295,000 in September 2011, which was around 13% above the average September 2011 detached price in the Harborough local authority area. The most recent EPC inspection was May 2011, where the current energy rating was D, and the potential energy rating was C.

2 SPRING CLOSE Sold Prices

Land registry data shows three sales for 2 SPRING CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Harborough local authority area for the corresponding sale date. All of the three 2 SPRING 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
2011 6 SEP	£295,000	£261,480	13% above HPI
2003 28 JUL	£239,000	£216,126	11% above HPI
2000 14 JUN	£125,000	£123,003	2% above HPI

2 SPRING CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Harborough local authority area over time, sourced from the HPI. The three 2 SPRING CLOSE sales between June 2000 and September 2011 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 2003 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the September 2011 sale, where it rises to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might 2 SPRING CLOSE be worth now?

2 SPRING CLOSE might now be worth an estimated £547,577.

This is based on house price inflation of 85.6%, between September 2011 and February 2025, for detached houses, in the Harborough local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 85.6% inflationary increase is applied to the most recent sale price for 2 SPRING CLOSE of £295,000 on 6th September 2011. For the value to have increased from £295,000 to £547,577 over the fourteen years and seven months to February 2025, the following assumptions must hold true:

• The value of 2 SPRING CLOSE has moved in line with the HPI for detached houses in the Harborough local authority area.
• The September 2011 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 2 SPRING CLOSE has not materially changed since September 2011.

How Large is 2 SPRING CLOSE?

2 SPRING CLOSE is 162m², which includes one extension, according to the EPC inspection conducted in May 2011. This puts it in the largest 20% of detached houses houses in Lutterworth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lutterworth, and where 2 SPRING CLOSE lies on this distribution: 89% of detached houses houses are smaller than 2 SPRING CLOSE, and 11% of houses are larger. Note that EPC data is not available for all properties in Lutterworth.

2 SPRING CLOSE: Plot and Title Map

2 SPRING CLOSE sits on a plot of roughly 0.095 of an acre, or 385m². The below map shows the location of 2 SPRING 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 SPRING 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 SPRING CLOSE?

2 SPRING CLOSE is located in LUTTERWORTH, in the LE17 postcode district. The below map shows the position of No. 2 on SPRING CLOSE.