2, VICARAGE LANE, BELGRAVE, LEICESTER, LE4 5PD - £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 VICARAGE LANE is a very small extended detached house of 72m², built sometime between 1900 and 1929, which could now be worth an estimated £149,535. It was last sold for £150,000 in October 2022, which was around 61% below the average October 2022 detached price in the Leicester local authority area. The most recent EPC inspection was August 2021, where the current energy rating was D, and the potential energy rating was B.

2 VICARAGE LANE Sold Prices

Land registry data shows five sales for 2 VICARAGE LANE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Leicester local authority area for the corresponding sale date. All of the five 2 VICARAGE 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
2022 21 OCT	£150,000	£387,274	61% below HPI
2015 14 JUL	£101,000	£225,216	55% below HPI
2012 14 DEC	£100,000	£201,874	50% below HPI
2005 11 MAY	£100,000	£194,669	49% below HPI
1997 9 MAY	£38,500	£66,348	42% below HPI

2 VICARAGE LANE 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 five 2 VICARAGE LANE sales between May 1997 and October 2022 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 2015 sale was for 55% below the HPI. So the extrapolation line tracks at 55% below the HPI over time, until the October 2022 sale, where it falls to 61% below the HPI. The line then continues to track at 61% below the HPI.

What might 2 VICARAGE LANE be worth now?

2 VICARAGE LANE might now be worth an estimated £149,535.

This is based on house price deflation of 0.3%, between October 2022 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 0.3% deflationary decrease is applied to the most recent sale price for 2 VICARAGE LANE of £150,000 on 21st October 2022. For the value to have decreased from £150,000 to £149,535 over the three years and eight months to February 2025, the following assumptions must hold true:

• The value of 2 VICARAGE LANE has moved in line with the HPI for detached houses in the Leicester local authority area.
• The October 2022 sale price of £150,000 represented a fair market value for the property.
• The size, condition, and specification of 2 VICARAGE LANE has not materially changed since October 2022.

How Large is 2 VICARAGE LANE?

2 VICARAGE LANE is 72m², which includes one extension, according to the EPC inspection conducted in August 2021. This puts it in the smallest 10% 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 VICARAGE LANE lies on this distribution: 8% of detached houses houses are smaller than 2 VICARAGE LANE, and 91% of houses are larger. Note that EPC data is not available for all properties in Leicester.

2 VICARAGE LANE: Plot and Title Map

2 VICARAGE LANE sits on a plot of roughly 0.016 of an acre, or 65m². The below map shows the location of 2 VICARAGE 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 VICARAGE 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 VICARAGE LANE?

2 VICARAGE LANE is located in BELGRAVE, in the LE4 postcode district. The below map shows the position of No. 2 on VICARAGE LANE.