34, SPENCEFIELD LANE, LEICESTER, LE5 6PS - £725,000

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

34 SPENCEFIELD LANE is a very large extended detached house of 224m², built sometime between 1930 and 1949. It was last sold for £725,000 in October 2019, which was around 132% above the average October 2019 detached price in the Leicester local authority area. The most recent EPC inspection was January 2019, where the current energy rating was D, and the potential energy rating was C.

34 SPENCEFIELD LANE Sold Prices

Land registry data shows two sales for 34 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 34 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
2019 25 OCT	£725,000	£312,026	132% above HPI
1998 24 APR	£129,950	£75,213	73% above HPI

34 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 34 SPENCEFIELD LANE sales from April 1998 and October 2019 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 April 1998 sale was for 73% above the HPI. So the extrapolation line tracks at 73% above the HPI over time, until the October 2019 sale, where it rises to 132% above the HPI. The line then continues to track at 132% above the HPI.

How Large is 34 SPENCEFIELD LANE?

34 SPENCEFIELD LANE is 224m², which includes two extensions, according to the EPC inspection conducted in January 2019. This puts it in the largest 10% of detached houses in Leicester, based on EPC data. The below chart shows the distribution of detached houses by size in Leicester, and where 34 SPENCEFIELD LANE lies on this distribution: 96% of detached houses are smaller than 34 SPENCEFIELD LANE, and 4% of houses are larger. Note that EPC data is not available for all properties in Leicester.

34 SPENCEFIELD LANE: Plot and Title Map

34 SPENCEFIELD LANE sits on a plot of roughly 0.319 of an acre, or 1,291m². The below map shows the location of 34 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 34 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 34 SPENCEFIELD LANE?

34 SPENCEFIELD LANE is located in LEICESTER, in the LE5 postcode district. The below map shows the position of No. 34 on SPENCEFIELD LANE.