23, MILL LANE, BELTON, LOUGHBOROUGH, LE12 9UJ - £300,000

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.

23 MILL LANE is a very small detached house of 98m², built sometime between 1967 and 1975, which could now be worth an estimated £437,708. It was last sold for £300,000 in May 2017, which was around 10% above the average May 2017 detached price in the North West Leicestershire local authority area. The most recent EPC inspection was November 2016, where the current energy rating was C, and the potential energy rating was B.

23 MILL LANE Sold Prices

Land registry data shows three sales for 23 MILL 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. Two of the three 23 MILL LANE sales were for above the average price, whilst one was 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
2017 4 MAY	£300,000	£272,370	10% above HPI
2007 19 NOV	£267,500	£242,278	10% above HPI
2002 16 DEC	£150,000	£163,391	8% below HPI

23 MILL 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 23 MILL LANE sales between December 2002 and May 2017 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 November 2007 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the May 2017 sale, which was also at 10% above the HPI.

What might 23 MILL LANE be worth now?

23 MILL LANE might now be worth an estimated £437,708.

This is based on house price inflation of 45.9%, between May 2017 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 45.9% inflationary increase is applied to the most recent sale price for 23 MILL LANE of £300,000 on 4th May 2017. For the value to have increased from £300,000 to £437,708 over the eight years and three months to February 2025, the following assumptions must hold true:

• The value of 23 MILL LANE has moved in line with the HPI for detached houses in the North West Leicestershire local authority area.
• The May 2017 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 23 MILL LANE has not materially changed since May 2017.

How Large is 23 MILL LANE?

23 MILL LANE is 98m² according to the EPC inspection conducted in November 2016. This puts it in the smallest 20% of detached houses houses in Belton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Belton, and where 23 MILL LANE lies on this distribution: 19% of detached houses houses are smaller than 23 MILL LANE, and 79% of houses are larger. Note that EPC data is not available for all properties in Belton.

23 MILL LANE: Plot and Title Map

23 MILL LANE sits on a plot of roughly 0.102 of an acre, or 414m². The below map shows the location of 23 MILL 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 23 MILL 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 23 MILL LANE?

23 MILL LANE is located in BELTON, in the LE12 postcode district. The below map shows the position of No. 23 on MILL LANE.