2A, LOVES LANE, EMPINGHAM, OAKHAM, LE15 8PP - £450,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2A LOVES LANE is a very small extended detached house of 115m², built sometime between 1996 and 2002. It was last sold for £450,000 in January 2013, which was around 52% above the average January 2013 detached price in the Rutland local authority area. The most recent EPC inspection was January 2013, where the current energy rating was C, and the potential energy rating was B.

2A LOVES LANE Sold Prices

Land registry data shows three sales for 2A LOVES 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 Rutland local authority area for the corresponding sale date. All of the three 2A LOVES LANE sales were for above 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
2013 31 JAN	£450,000	£295,906	52% above HPI
2007 16 MAR	£312,000	£291,294	7% above HPI
2003 19 NOV	£250,000	£238,504	5% above HPI

2A LOVES LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rutland local authority area over time, sourced from the HPI. The three 2A LOVES LANE sales between November 2003 and January 2013 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 March 2007 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the January 2013 sale, where it rises to 52% above the HPI. The line then continues to track at 52% above the HPI.

How Large is 2A LOVES LANE?

2A LOVES LANE is 115m², which includes one extension, according to the EPC inspection conducted in January 2013. This puts it in the smallest 20% of detached houses in Empingham, based on EPC data. The below chart shows the distribution of detached houses by size in Empingham, and where 2A LOVES LANE lies on this distribution: 20% of detached houses are smaller than 2A LOVES LANE, and 80% of houses are larger. Note that EPC data is not available for all properties in Empingham.

2A LOVES LANE: Plot and Title Map

2A LOVES LANE sits on a plot of roughly 0.058 of an acre, or 235m². The below map shows the location of 2A LOVES 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 2A LOVES 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 2A LOVES LANE?

2A LOVES LANE is located in EMPINGHAM, in the LE15 postcode district. The below map shows the position of No. 2A on LOVES LANE.