4, SPRING LANE, PACKINGTON, ASHBY-DE-LA-ZOUCH, LE65 1WU - £740,000

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.

4 SPRING LANE is a very large extended detached house of 257m², built sometime between 1996 and 2002, which could now be worth an estimated £840,401. It was last sold for £740,000 in March 2022, which was around 111% above the average March 2022 detached price in the North West Leicestershire local authority area. The most recent EPC inspection was June 2017, where the current energy rating was C, and the potential energy rating was B.

4 SPRING LANE Sold Prices

Land registry data shows two sales for 4 SPRING 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 North West Leicestershire local authority area for the corresponding sale date. Both of the two 4 SPRING 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
2022 7 MAR	£740,000	£349,919	111% above HPI
2004 22 SEP	£379,950	£212,194	79% above HPI

4 SPRING LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North West Leicestershire local authority area over time, sourced from the HPI. The two 4 SPRING LANE sales from September 2004 and March 2022 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 September 2004 sale was for 79% above the HPI. So the extrapolation line tracks at 79% above the HPI over time, until the March 2022 sale, where it rises to 111% above the HPI. The line then continues to track at 111% above the HPI.

What might 4 SPRING LANE be worth now?

4 SPRING LANE might now be worth an estimated £840,401.

This is based on house price inflation of 13.6%, between March 2022 and February 2025, for detached houses, in the North West Leicestershire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 13.6% inflationary increase is applied to the most recent sale price for 4 SPRING LANE of £740,000 on 7th March 2022. For the value to have increased from £740,000 to £840,401 over the three years and one month to February 2025, the following assumptions must hold true:

• The value of 4 SPRING LANE has moved in line with the HPI for detached houses in the North West Leicestershire local authority area.
• The March 2022 sale price of £740,000 represented a fair market value for the property.
• The size, condition, and specification of 4 SPRING LANE has not materially changed since March 2022.

How Large is 4 SPRING LANE?

4 SPRING LANE is 257m², which includes two extensions, according to the EPC inspection conducted in June 2017. This puts it in the largest 10% of detached houses houses in Packington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Packington, and where 4 SPRING LANE lies on this distribution: 96% of detached houses houses are smaller than 4 SPRING LANE, and 4% of houses are larger. Note that EPC data is not available for all properties in Packington.

4 SPRING LANE: Plot and Title Map

4 SPRING LANE sits on a plot of roughly 0.202 of an acre, or 819m². The below map shows the location of 4 SPRING 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 SPRING 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 SPRING LANE?

4 SPRING LANE is located in PACKINGTON, in the LE65 postcode district. The below map shows the position of No. 4 on SPRING LANE.