394, PARK ROAD, LOUGHBOROUGH, LE11 2HN - £170,000

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

394 PARK ROAD is a very small extended detached house of 65m², built sometime between 1950 and 1966. It was last sold for £170,000 in May 2014, which was around 33% below the average May 2014 detached price in the Charnwood local authority area. The most recent EPC inspection was March 2014, where the current energy rating was D, and the potential energy rating was C.

394 PARK ROAD Sold Prices

Land registry data shows three sales for 394 PARK ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Charnwood local authority area for the corresponding sale date. All of the three 394 PARK ROAD 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
2014 30 MAY	£170,000	£252,503	33% below HPI
2004 27 AUG	£177,000	£230,733	23% below HPI
2001 9 FEB	£71,500	£120,453	41% below HPI

394 PARK ROAD 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 three 394 PARK ROAD sales between February 2001 and May 2014 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 August 2004 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the May 2014 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 394 PARK ROAD?

394 PARK ROAD is 65m², which includes one extension, according to the EPC inspection conducted in March 2014. This puts it in the smallest 10% of detached houses in Loughborough, based on EPC data. The below chart shows the distribution of detached houses by size in Loughborough, and where 394 PARK ROAD lies on this distribution: 3% of detached houses are smaller than 394 PARK ROAD, and 97% of houses are larger. Note that EPC data is not available for all properties in Loughborough.

394 PARK ROAD: Plot and Title Map

394 PARK ROAD sits on a plot of roughly 0.110 of an acre, or 444m². The below map shows the location of 394 PARK ROAD, 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 394 PARK ROAD). 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 394 PARK ROAD?

394 PARK ROAD is located in LOUGHBOROUGH, in the LE11 postcode district. The below map shows the position of No. 394 on PARK ROAD.