4, MARTINSHAW LANE, GROBY, LEICESTER, LE6 0BJ - £153,500

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

4 MARTINSHAW LANE is a very small detached house of 69m², built sometime between 1930 and 1949. It was last sold for £153,500 in October 2013, which was around 30% below the average October 2013 detached price in the Hinckley and Bosworth local authority area. The most recent EPC inspection was June 2012, where the current energy rating was D, and the potential energy rating was B.

4 MARTINSHAW LANE Sold Prices

Land registry data shows two sales for 4 MARTINSHAW 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 Hinckley and Bosworth local authority area for the corresponding sale date. Both of the two 4 MARTINSHAW 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
2013 25 OCT	£153,500	£219,290	30% below HPI
1997 22 DEC	£56,000	£85,224	34% below HPI

4 MARTINSHAW LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Hinckley and Bosworth local authority area over time, sourced from the HPI. The two 4 MARTINSHAW LANE sales from December 1997 and October 2013 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 December 1997 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the October 2013 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 4 MARTINSHAW LANE?

4 MARTINSHAW LANE is 69m² according to the EPC inspection conducted in June 2012. This puts it in the smallest 20% of detached houses in Groby, based on EPC data. The below chart shows the distribution of detached houses by size in Groby, and where 4 MARTINSHAW LANE lies on this distribution: 11% of detached houses are smaller than 4 MARTINSHAW LANE, and 88% of houses are larger. Note that EPC data is not available for all properties in Groby.

4 MARTINSHAW LANE: Plot and Title Map

4 MARTINSHAW LANE sits on a plot of roughly 0.104 of an acre, or 423m². The below map shows the location of 4 MARTINSHAW 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 4 MARTINSHAW 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 4 MARTINSHAW LANE?

4 MARTINSHAW LANE is located in GROBY, in the LE6 postcode district. The below map shows the position of No. 4 on MARTINSHAW LANE.