3A, MERE LANE, QUENIBOROUGH, LEICESTER, LE7 3DE - £340,000

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.

3A MERE LANE is a small extended semi-detached house of 105m², built sometime between 1967 and 1975, which could now be worth an estimated £405,088. It was last sold for £340,000 in February 2021, which was around 54% above the average February 2021 semi-detached price in the Charnwood local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was B.

3A MERE LANE Sold Prices

Land registry data shows two sales for 3A MERE LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Charnwood local authority area for the corresponding sale date. Both of the two 3A MERE 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
2021 3 FEB	£340,000	£220,258	54% above HPI
2001 18 APR	£157,000	£71,159	121% above HPI

3A MERE LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Charnwood local authority area over time, sourced from the HPI. The two 3A MERE LANE sales from April 2001 and February 2021 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 2001 sale was for 121% above the HPI. So the extrapolation line tracks at 121% above the HPI over time, until the February 2021 sale, where it falls to 54% above the HPI. The line then continues to track at 54% above the HPI.

What might 3A MERE LANE be worth now?

3A MERE LANE might now be worth an estimated £405,088.

This is based on house price inflation of 19.1%, between February 2021 and February 2025, for semi-detached houses, in the Charnwood local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 19.1% inflationary increase is applied to the most recent sale price for 3A MERE LANE of £340,000 on 3rd February 2021. For the value to have increased from £340,000 to £405,088 over the four years to February 2025, the following assumptions must hold true:

• The value of 3A MERE LANE has moved in line with the HPI for semi-detached houses in the Charnwood local authority area.
• The February 2021 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 3A MERE LANE has not materially changed since February 2021.

How Large is 3A MERE LANE?

3A MERE LANE is 105m², which includes one extension, according to the EPC inspection conducted in February 2014. This puts it in the smallest 40% of semi-detached houses houses in Queniborough, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Queniborough, and where 3A MERE LANE lies on this distribution: 40% of semi-detached houses houses are smaller than 3A MERE LANE, and 60% of houses are larger. Note that EPC data is not available for all properties in Queniborough.

3A MERE LANE: Plot and Title Map

3A MERE LANE sits on a plot of roughly 0.121 of an acre, or 488m². The below map shows the location of 3A MERE 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 3A MERE 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 3A MERE LANE?

3A MERE LANE is located in QUENIBOROUGH, in the LE7 postcode district. The below map shows the position of No. 3A on MERE LANE.