2, SPRINGFIELD LANE, SMEETON WESTERBY, LEICESTER, LE8 0QW - £310,000

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 SPRINGFIELD LANE is a large extended detached house of 135m², built sometime before 1900. It was last sold for £310,000 in June 2020, which was around 25% below the average June 2020 detached price in the Harborough local authority area. The most recent EPC inspection was March 2018, where the current energy rating was E, and the potential energy rating was C.

2 SPRINGFIELD LANE Sold Prices

Land registry data shows two sales for 2 SPRINGFIELD LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Harborough local authority area for the corresponding sale date. Both of the two 2 SPRINGFIELD LANE 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
2020 23 JUN	£310,000	£411,590	25% below HPI
2018 10 JUL	£380,000	£388,748	2% below HPI

2 SPRINGFIELD LANE 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 two 2 SPRINGFIELD LANE sales from July 2018 and June 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 July 2018 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the June 2020 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 2 SPRINGFIELD LANE?

2 SPRINGFIELD LANE is 135m², which includes two extensions, according to the EPC inspection conducted in March 2018. This puts it in the largest 40% of detached houses in Smeeton Westerby, based on EPC data. The below chart shows the distribution of detached houses by size in Smeeton Westerby, and where 2 SPRINGFIELD LANE lies on this distribution: 62% of detached houses are smaller than 2 SPRINGFIELD LANE, and 38% of houses are larger. Note that EPC data is not available for all properties in Smeeton Westerby.

2 SPRINGFIELD LANE: Plot and Title Map

2 SPRINGFIELD LANE sits on a plot of roughly 0.050 of an acre, or 204m². The below map shows the location of 2 SPRINGFIELD LANE, 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 SPRINGFIELD LANE). 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 SPRINGFIELD LANE?

2 SPRINGFIELD LANE is located in SMEETON WESTERBY, in the LE8 postcode district. The below map shows the position of No. 2 on SPRINGFIELD LANE.