393, GIPSY LANE, LEICESTER, LE4 9DD - £240,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

393 GIPSY LANE is a midsized extended detached house of 113m², built sometime between 1930 and 1949. It was last sold for £240,000 in June 2017, which was around 12% below the average June 2017 detached price in the Leicester local authority area. The most recent EPC inspection was November 2016, where the current energy rating was D, and the potential energy rating was C.

393 GIPSY LANE Sold Prices

Land registry data shows two sales for 393 GIPSY 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 393 GIPSY LANE sales were 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
2017 1 JUN	£240,000	£271,556	12% below HPI
1997 3 JAN	£32,500	£70,474	54% below HPI

393 GIPSY 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 393 GIPSY LANE sales from January 1997 and June 2017 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 January 1997 sale was for 54% below the HPI. So the extrapolation line tracks at 54% below the HPI over time, until the June 2017 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 393 GIPSY LANE?

393 GIPSY LANE is 113m², which includes four extensions, according to the EPC inspection conducted in November 2016. This puts it in the smallest 50% of detached houses in Leicester, based on EPC data. The below chart shows the distribution of detached houses by size in Leicester, and where 393 GIPSY LANE lies on this distribution: 47% of detached houses are smaller than 393 GIPSY LANE, and 52% of houses are larger. Note that EPC data is not available for all properties in Leicester.

393 GIPSY LANE: Plot and Title Map

393 GIPSY LANE sits on a plot of roughly 0.069 of an acre, or 280m². The below map shows the location of 393 GIPSY 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 393 GIPSY 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 393 GIPSY LANE?

393 GIPSY LANE is located in LEICESTER, in the LE4 postcode district. The below map shows the position of No. 393 on GIPSY LANE.