5, HOSPITAL LANE, RAVENSTONE, COALVILLE, LE67 2AJ - £279,000

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

5 HOSPITAL LANE is a midsized detached house of 130m², built sometime between 1976 and 1982. It was last sold for £279,000 in August 2015, which was around 18% above the average August 2015 detached price in the North West Leicestershire local authority area. The most recent EPC inspection was April 2012, where the current energy rating was D, and the potential energy rating was C.

5 HOSPITAL LANE Sold Prices

Land registry data shows three sales for 5 HOSPITAL LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North West Leicestershire local authority area for the corresponding sale date. Two of the three 5 HOSPITAL LANE sales were for above the average price, whilst one was 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
2015 27 AUG	£279,000	£235,501	18% above HPI
2012 27 JUL	£235,000	£204,290	15% above HPI
2010 24 SEP	£185,000	£209,230	12% below HPI

5 HOSPITAL 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 three 5 HOSPITAL LANE sales between September 2010 and August 2015 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 July 2012 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the August 2015 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

How Large is 5 HOSPITAL LANE?

5 HOSPITAL LANE is 130m² according to the EPC inspection conducted in April 2012. This puts it in the smallest 50% of detached houses in Ravenstone, based on EPC data. The below chart shows the distribution of detached houses by size in Ravenstone, and where 5 HOSPITAL LANE lies on this distribution: 48% of detached houses are smaller than 5 HOSPITAL LANE, and 52% of houses are larger. Note that EPC data is not available for all properties in Ravenstone.

5 HOSPITAL LANE: Plot and Title Map

5 HOSPITAL LANE sits on a plot of roughly 0.089 of an acre, or 360m². The below map shows the location of 5 HOSPITAL 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 5 HOSPITAL 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 5 HOSPITAL LANE?

5 HOSPITAL LANE is located in RAVENSTONE, in the LE67 postcode district. The below map shows the position of No. 5 on HOSPITAL LANE.