2, SPRINGBANK, MEDBOURNE, MARKET HARBOROUGH, LE16 8EB - £247,000

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 SPRINGBANK is a very small detached house of 111m², built sometime between 1900 and 1929. It was last sold for £247,000 in August 2009, which was around 1% below the average August 2009 detached price in the Harborough local authority area. The most recent EPC inspection was January 2009, where the current energy rating was D, and the potential energy rating was D.

2 SPRINGBANK Sold Prices

Land registry data shows three sales for 2 SPRINGBANK 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. Two of the three 2 SPRINGBANK sales were for below the average price, whilst one 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
2009 28 AUG	£247,000	£250,141	1% below HPI
2002 29 JUL	£225,000	£175,460	28% above HPI
1996 13 SEP	£88,000	£90,475	3% below HPI

2 SPRINGBANK 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 SPRINGBANK sales between September 1996 and August 2009 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 2002 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the August 2009 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is 2 SPRINGBANK?

2 SPRINGBANK is 111m² according to the EPC inspection conducted in January 2009. This puts it in the smallest 20% of detached houses in Medbourne, based on EPC data. The below chart shows the distribution of detached houses by size in Medbourne, and where 2 SPRINGBANK lies on this distribution: 11% of detached houses are smaller than 2 SPRINGBANK, and 89% of houses are larger. Note that EPC data is not available for all properties in Medbourne.

2 SPRINGBANK: Plot and Title Map

2 SPRINGBANK sits on a plot of roughly 0.027 of an acre, or 108m². The below map shows the location of 2 SPRINGBANK, 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 SPRINGBANK). 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 SPRINGBANK?

2 SPRINGBANK is located in MEDBOURNE, in the LE16 postcode district. The below map shows the position of No. 2 on SPRINGBANK.