20, SPA LANE, WIGSTON, LE18 3QD - £185,000

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

20 SPA LANE is a very small extended detached house of 61m², built sometime before 1900. It was last sold for £185,000 in July 2016, which was around 37% below the average July 2016 detached price in the Oadby and Wigston local authority area. The most recent EPC inspection was January 2016, where the current energy rating was E, and the potential energy rating was B.

20 SPA LANE Sold Prices

Land registry data shows three sales for 20 SPA LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Oadby and Wigston local authority area for the corresponding sale date. All of the three 20 SPA 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
2016 7 JUL	£185,000	£291,559	37% below HPI
2002 4 JAN	£140,000	£147,545	5% below HPI
1997 5 DEC	£46,000	£94,540	51% below HPI

20 SPA LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Oadby and Wigston local authority area over time, sourced from the HPI. The three 20 SPA LANE sales between December 1997 and July 2016 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 2002 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the July 2016 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 20 SPA LANE?

20 SPA LANE is 61m², which includes one extension, according to the EPC inspection conducted in January 2016. This puts it in the smallest 10% of detached houses in Wigston, based on EPC data. The below chart shows the distribution of detached houses by size in Wigston, and where 20 SPA LANE lies on this distribution: 3% of detached houses are smaller than 20 SPA LANE, and 97% of houses are larger. Note that EPC data is not available for all properties in Wigston.

20 SPA LANE: Plot and Title Map

20 SPA LANE sits on a plot of roughly 0.277 of an acre, or 1,120m². The below map shows the location of 20 SPA 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 20 SPA 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 20 SPA LANE?

20 SPA LANE is located in WIGSTON, in the LE18 postcode district. The below map shows the position of No. 20 on SPA LANE.