39, SPA LANE, WIGSTON, LE18 3QD - £195,000

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.

39 SPA LANE is a very small extended terraced house of 77m², built sometime between 1950 and 1966, which could now be worth an estimated £225,194. It was last sold for £195,000 in November 2020, which was around 20% above the average November 2020 terraced price in the Oadby and Wigston local authority area. The most recent EPC inspection was August 2022, where the current energy rating was D, and the potential energy rating was C.

39 SPA LANE Sold Prices

Land registry data shows three sales for 39 SPA LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Oadby and Wigston local authority area for the corresponding sale date. All of the three 39 SPA 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
2020 19 NOV	£195,000	£162,750	20% above HPI
2007 30 NOV	£129,950	£126,816	2% above HPI
2002 16 AUG	£86,500	£67,795	28% above HPI

39 SPA LANE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Oadby and Wigston local authority area over time, sourced from the HPI. The three 39 SPA LANE sales between August 2002 and November 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 November 2007 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the November 2020 sale, where it rises to 20% above the HPI. The line then continues to track at 20% above the HPI.

What might 39 SPA LANE be worth now?

39 SPA LANE might now be worth an estimated £225,194.

This is based on house price inflation of 15.5%, between November 2020 and July 2025, for terraced houses, in the Oadby and Wigston local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 15.5% inflationary increase is applied to the most recent sale price for 39 SPA LANE of £195,000 on 19th November 2020. For the value to have increased from £195,000 to £225,194 over the five years and four months to July 2025, the following assumptions must hold true:

• The value of 39 SPA LANE has moved in line with the HPI for terraced houses in the Oadby and Wigston local authority area.
• The November 2020 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of 39 SPA LANE has not materially changed since November 2020.

How Large is 39 SPA LANE?

39 SPA LANE is 77m², which includes one extension, according to the EPC inspection conducted in August 2022. This puts it in the smallest 20% of terraced houses houses in Wigston, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Wigston, and where 39 SPA LANE lies on this distribution: 12% of terraced houses houses are smaller than 39 SPA LANE, and 87% of houses are larger. Note that EPC data is not available for all properties in Wigston.

39 SPA LANE: Plot and Title Map

39 SPA LANE sits on a plot of roughly 0.048 of an acre, or 194m². The below map shows the location of 39 SPA 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 39 SPA 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 39 SPA LANE?

39 SPA LANE is located in WIGSTON, in the LE18 postcode district. The below map shows the position of No. 39 on SPA LANE.