3, CANAL WAY, HINCKLEY, LE10 0DE - £350,000

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

3 CANAL WAY is a midsized detached house of 110m², built sometime between 1996 and 2002. It was last sold for £350,000 in December 2021, which was around 7% below the average December 2021 detached price in the Hinckley and Bosworth local authority area. The most recent EPC inspection was March 2020, where the current energy rating was C, and the potential energy rating was B.

3 CANAL WAY Sold Prices

Land registry data shows four sales for 3 CANAL WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Hinckley and Bosworth local authority area for the corresponding sale date. two of the four 3 CANAL WAY sales were for below the average price, and four 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
2021 8 DEC	£350,000	£376,162	7% below HPI
2020 6 AUG	£300,000	£319,453	6% below HPI
2003 26 NOV	£209,000	£185,892	12% above HPI
2002 17 MAY	£169,745	£137,738	23% above HPI

3 CANAL WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Hinckley and Bosworth local authority area over time, sourced from the HPI. The four 3 CANAL WAY sales between May 2002 and December 2021 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 August 2020 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the December 2021 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 3 CANAL WAY?

3 CANAL WAY is 110m² according to the EPC inspection conducted in March 2020. This puts it in the smallest 50% of detached houses in Hinckley, based on EPC data. The below chart shows the distribution of detached houses by size in Hinckley, and where 3 CANAL WAY lies on this distribution: 48% of detached houses are smaller than 3 CANAL WAY, and 51% of houses are larger. Note that EPC data is not available for all properties in Hinckley.

3 CANAL WAY: Plot and Title Map

3 CANAL WAY sits on a plot of roughly 0.070 of an acre, or 284m². The below map shows the location of 3 CANAL WAY, 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 3 CANAL WAY). 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 3 CANAL WAY?

3 CANAL WAY is located in HINCKLEY, in the LE10 postcode district. The below map shows the position of No. 3 on CANAL WAY.