20, SPRING LANE, SWANNINGTON, COALVILLE, LE67 8QQ - £283,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

20 SPRING LANE is a very small detached house of 75m², built sometime between 1983 and 1990, which could now be worth an estimated £309,984. It was last sold for £283,500 in June 2024, which was around 22% below the average June 2024 detached price in the North West Leicestershire local authority area. The most recent EPC inspection was July 2017, where the current energy rating was D, and the potential energy rating was B.

20 SPRING LANE Sold Prices

Land registry data shows three sales for 20 SPRING 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 North West Leicestershire local authority area for the corresponding sale date. All of the three 20 SPRING 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
2024 21 JUN	£283,500	£363,443	22% below HPI
2023 29 SEP	£330,000	£372,576	11% below HPI
2018 29 NOV	£265,000	£305,358	13% below HPI

20 SPRING LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North West Leicestershire local authority area over time, sourced from the HPI. The three 20 SPRING LANE sales between November 2018 and June 2024 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 September 2023 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the June 2024 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 20 SPRING LANE be worth now?

20 SPRING LANE might now be worth an estimated £309,984.

This is based on house price inflation of 9.3%, between June 2024 and February 2025, for detached houses, in the North West Leicestershire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 9.3% inflationary increase is applied to the most recent sale price for 20 SPRING LANE of £283,500 on 21st June 2024. For the value to have increased from £283,500 to £309,984 over the one year and four months to February 2025, the following assumptions must hold true:

• The value of 20 SPRING LANE has moved in line with the HPI for detached houses in the North West Leicestershire local authority area.
• The June 2024 sale price of £283,500 represented a fair market value for the property.
• The size, condition, and specification of 20 SPRING LANE has not materially changed since June 2024.

How Large is 20 SPRING LANE?

20 SPRING LANE is 75m² according to the EPC inspection conducted in July 2017. This puts it in the smallest 10% of detached houses houses in Swannington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Swannington, and where 20 SPRING LANE lies on this distribution: 5% of detached houses houses are smaller than 20 SPRING LANE, and 95% of houses are larger. Note that EPC data is not available for all properties in Swannington.

20 SPRING LANE: Plot and Title Map

20 SPRING LANE sits on a plot of roughly 91.5 acres, or 370,402m². The below map shows the location of 20 SPRING 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 SPRING 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 SPRING LANE?

20 SPRING LANE is located in SWANNINGTON, in the LE67 postcode district. The below map shows the position of No. 20 on SPRING LANE.