34, RATBY LANE, MARKFIELD, LE67 9RJ - £423,000

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.

34 RATBY LANE is a very large extended detached house of 172m², built sometime between 1950 and 1966, which could now be worth an estimated £552,952. It was last sold for £423,000 in February 2020, which was around 45% above the average February 2020 detached price in the Hinckley and Bosworth local authority area. The most recent EPC inspection was August 2019, where the current energy rating was E, and the potential energy rating was D.

34 RATBY LANE Sold Prices

Land registry data shows two sales for 34 RATBY 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 Hinckley and Bosworth local authority area for the corresponding sale date. One of the two 34 RATBY LANE sales was for above the average price, whilst the other 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
2020 7 FEB	£423,000	£291,495	45% above HPI
2014 14 FEB	£175,000	£213,942	18% below HPI

34 RATBY LANE 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 two 34 RATBY LANE sales from February 2014 and February 2020 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 2014 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the February 2020 sale, where it rises to 45% above the HPI. The line then continues to track at 45% above the HPI.

What might 34 RATBY LANE be worth now?

34 RATBY LANE might now be worth an estimated £552,952.

This is based on house price inflation of 30.7%, between February 2020 and February 2025, for detached houses, in the Hinckley and Bosworth local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 30.7% inflationary increase is applied to the most recent sale price for 34 RATBY LANE of £423,000 on 7th February 2020. For the value to have increased from £423,000 to £552,952 over the five years to February 2025, the following assumptions must hold true:

• The value of 34 RATBY LANE has moved in line with the HPI for detached houses in the Hinckley and Bosworth local authority area.
• The February 2020 sale price of £423,000 represented a fair market value for the property.
• The size, condition, and specification of 34 RATBY LANE has not materially changed since February 2020.

How Large is 34 RATBY LANE?

34 RATBY LANE is 172m², which includes two extensions, according to the EPC inspection conducted in August 2019. This puts it in the largest 20% of detached houses houses in Markfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Markfield, and where 34 RATBY LANE lies on this distribution: 89% of detached houses houses are smaller than 34 RATBY LANE, and 11% of houses are larger. Note that EPC data is not available for all properties in Markfield.

34 RATBY LANE: Plot and Title Map

34 RATBY LANE sits on a plot of roughly 0.121 of an acre, or 490m². The below map shows the location of 34 RATBY 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 34 RATBY 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 34 RATBY LANE?

34 RATBY LANE is located in MARKFIELD, in the LE67 postcode district. The below map shows the position of No. 34 on RATBY LANE.