3, LABURNUM AVENUE, NEWBOLD VERDON, LEICESTER, LE9 9LQ - £325,000

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 LABURNUM AVENUE is a very small extended detached house of 76m², built sometime between 1967 and 1975. It was last sold for £325,000 in August 2021, which was around 7% below the average August 2021 detached price in the Hinckley and Bosworth local authority area. The most recent EPC inspection was April 2010, where the current energy rating was D, and the potential energy rating was D.

3 LABURNUM AVENUE Sold Prices

Land registry data shows three sales for 3 LABURNUM AVENUE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Hinckley and Bosworth local authority area for the corresponding sale date. Two of the three 3 LABURNUM AVENUE sales were for below the average price, whilst one was 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 18 AUG	£325,000	£347,750	7% below HPI
2014 29 AUG	£203,000	£237,015	14% below HPI
2003 4 DEC	£204,500	£184,807	11% above HPI

3 LABURNUM AVENUE 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 three 3 LABURNUM AVENUE sales between December 2003 and August 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 2014 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the August 2021 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 3 LABURNUM AVENUE?

3 LABURNUM AVENUE is 76m², which includes two extensions, according to the EPC inspection conducted in April 2010. This puts it in the smallest 20% of detached houses in Newbold Verdon, based on EPC data. The below chart shows the distribution of detached houses by size in Newbold Verdon, and where 3 LABURNUM AVENUE lies on this distribution: 12% of detached houses are smaller than 3 LABURNUM AVENUE, and 88% of houses are larger. Note that EPC data is not available for all properties in Newbold Verdon.

3 LABURNUM AVENUE: Plot and Title Map

3 LABURNUM AVENUE sits on a plot of roughly 0.087 of an acre, or 352m². The below map shows the location of 3 LABURNUM AVENUE, 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 LABURNUM AVENUE). 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 LABURNUM AVENUE?

3 LABURNUM AVENUE is located in NEWBOLD VERDON, in the LE9 postcode district. The below map shows the position of No. 3 on LABURNUM AVENUE.