4, THE BANKS, QUENIBOROUGH, LEICESTER, LE7 3DQ - £299,950

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

4 THE BANKS is a very small extended detached house of 82m², built sometime between 1976 and 1982, which could now be worth an estimated £379,941. It was last sold for £299,950 in July 2019, which was around 8% below the average July 2019 detached price in the Charnwood local authority area. The most recent EPC inspection was April 2019, where the current energy rating was D, and the potential energy rating was B.

4 THE BANKS Sold Prices

Land registry data shows two sales for 4 THE BANKS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Charnwood local authority area for the corresponding sale date. Both of the two 4 THE BANKS 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
2019 10 JUL	£299,950	£325,302	8% below HPI
2009 27 MAY	£190,000	£218,352	13% below HPI

4 THE BANKS 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 two 4 THE BANKS sales from May 2009 and July 2019 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 May 2009 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the July 2019 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 4 THE BANKS be worth now?

4 THE BANKS might now be worth an estimated £379,941.

This is based on house price inflation of 26.7%, between July 2019 and December 2024, for 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 26.7% inflationary increase is applied to the most recent sale price for 4 THE BANKS of £299,950 on 10th July 2019. For the value to have increased from £299,950 to £379,941 over the four years and seven months to December 2024, the following assumptions must hold true:

• The value of 4 THE BANKS has moved in line with the HPI for detached houses in the Charnwood local authority area.
• The July 2019 sale price of £299,950 represented a fair market value for the property.
• The size, condition, and specification of 4 THE BANKS has not materially changed since July 2019.

How Large is 4 THE BANKS?

4 THE BANKS is 82m², which includes one extension, according to the EPC inspection conducted in April 2019. This puts it in the smallest 20% of detached houses houses in Queniborough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Queniborough, and where 4 THE BANKS lies on this distribution: 17% of detached houses houses are smaller than 4 THE BANKS, and 83% of houses are larger. Note that EPC data is not available for all properties in Queniborough.

4 THE BANKS: Plot and Title Map

4 THE BANKS sits on a plot of roughly 0.093 of an acre, or 375m². The below map shows the location of 4 THE BANKS, 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 THE BANKS). 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 THE BANKS?

4 THE BANKS is located in QUENIBOROUGH, in the LE7 postcode district. The below map shows the position of No. 4 on THE BANKS.