38, SPRUCE AVENUE, LOUGHBOROUGH, LE11 2QW - £380,000

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

38 SPRUCE AVENUE is a very large extended detached house of 150m², built sometime between 1996 and 2002. It was last sold for £380,000 in October 2016, which was around 30% above the average October 2016 detached price in the Charnwood local authority area. The most recent EPC inspection was June 2016, where the current energy rating was C, and the potential energy rating was B.

38 SPRUCE AVENUE Sold Prices

Land registry data shows four sales for 38 SPRUCE AVENUE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Charnwood local authority area for the corresponding sale date. All of the four 38 SPRUCE AVENUE 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
2016 4 OCT	£380,000	£293,175	30% above HPI
2005 18 MAR	£275,000	£227,970	21% above HPI
2001 26 OCT	£175,000	£135,027	30% above HPI
1997 26 SEP	£134,950	£90,900	48% above HPI

38 SPRUCE AVENUE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Charnwood local authority area over time, sourced from the HPI. The four 38 SPRUCE AVENUE sales between September 1997 and October 2016 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 March 2005 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the October 2016 sale, where it rises to 30% above the HPI. The line then continues to track at 30% above the HPI.

How Large is 38 SPRUCE AVENUE?

38 SPRUCE AVENUE is 150m², which includes one extension, according to the EPC inspection conducted in June 2016. This puts it in the largest 20% of detached houses in Loughborough, based on EPC data. The below chart shows the distribution of detached houses by size in Loughborough, and where 38 SPRUCE AVENUE lies on this distribution: 82% of detached houses are smaller than 38 SPRUCE AVENUE, and 18% of houses are larger. Note that EPC data is not available for all properties in Loughborough.

38 SPRUCE AVENUE: Plot and Title Map

38 SPRUCE AVENUE sits on a plot of roughly 0.092 of an acre, or 373m². The below map shows the location of 38 SPRUCE 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 38 SPRUCE 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 38 SPRUCE AVENUE?

38 SPRUCE AVENUE is located in LOUGHBOROUGH, in the LE11 postcode district. The below map shows the position of No. 38 on SPRUCE AVENUE.