5, MILL LANE, SMEETON WESTERBY, LEICESTER, LE8 0QL - £845,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

5 MILL LANE is a large extended detached house of 183m², built sometime before 1900. It was last sold for £845,000 in February 2022, which was around 90% above the average February 2022 detached price in the Harborough local authority area. The most recent EPC inspection was May 2014, where the current energy rating was E, and the potential energy rating was B.

5 MILL LANE Sold Prices

Land registry data shows three sales for 5 MILL 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 Harborough local authority area for the corresponding sale date. All of the three 5 MILL 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 11 FEB	£845,000	£444,310	90% above HPI
2014 29 SEP	£575,000	£319,877	80% above HPI
2007 21 AUG	£451,000	£293,664	54% above HPI

5 MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Harborough local authority area over time, sourced from the HPI. The three 5 MILL LANE sales between August 2007 and February 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 2014 sale was for 80% above the HPI. So the extrapolation line tracks at 80% above the HPI over time, until the February 2022 sale, where it rises to 90% above the HPI. The line then continues to track at 90% above the HPI.

How Large is 5 MILL LANE?

5 MILL LANE is 183m², which includes two extensions, according to the EPC inspection conducted in May 2014. This puts it in the largest 30% of detached houses in Smeeton Westerby, based on EPC data. The below chart shows the distribution of detached houses by size in Smeeton Westerby, and where 5 MILL LANE lies on this distribution: 77% of detached houses are smaller than 5 MILL LANE, and 23% of houses are larger. Note that EPC data is not available for all properties in Smeeton Westerby.

5 MILL LANE: Plot and Title Map

5 MILL LANE sits on a plot of roughly 0.246 of an acre, or 995m². The below map shows the location of 5 MILL 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 MILL 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 MILL LANE?

5 MILL LANE is located in SMEETON WESTERBY, in the LE8 postcode district. The below map shows the position of No. 5 on MILL LANE.