32, SPENCEFIELD LANE, LEICESTER, LE5 6PS - £247,000

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

32 SPENCEFIELD LANE is a large extended detached house of 149m², built sometime between 1930 and 1949. It was last sold for £247,000 in November 2003, which was around 40% above the average November 2003 detached price in the Leicester local authority area. The most recent EPC inspection was March 2014, where the current energy rating was D, and the potential energy rating was C.

32 SPENCEFIELD LANE Sold Prices

Land registry data shows two sales for 32 SPENCEFIELD LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Leicester local authority area for the corresponding sale date. Both of the two 32 SPENCEFIELD 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
2003 21 NOV	£247,000	£176,294	40% above HPI
1999 24 FEB	£88,000	£76,598	15% above HPI

32 SPENCEFIELD LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Leicester local authority area over time, sourced from the HPI. The two 32 SPENCEFIELD LANE sales from February 1999 and November 2003 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 February 1999 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the November 2003 sale, where it rises to 40% above the HPI. The line then continues to track at 40% above the HPI.

How Large is 32 SPENCEFIELD LANE?

32 SPENCEFIELD LANE is 149m², which includes one extension, according to the EPC inspection conducted in March 2014. This puts it in the largest 30% of detached houses in Leicester, based on EPC data. The below chart shows the distribution of detached houses by size in Leicester, and where 32 SPENCEFIELD LANE lies on this distribution: 76% of detached houses are smaller than 32 SPENCEFIELD LANE, and 23% of houses are larger. Note that EPC data is not available for all properties in Leicester.

32 SPENCEFIELD LANE: Plot and Title Map

32 SPENCEFIELD LANE sits on a plot of roughly 0.204 of an acre, or 826m². The below map shows the location of 32 SPENCEFIELD 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 32 SPENCEFIELD 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 32 SPENCEFIELD LANE?

32 SPENCEFIELD LANE is located in LEICESTER, in the LE5 postcode district. The below map shows the position of No. 32 on SPENCEFIELD LANE.