5, ORCHARD LANE, GREAT GLEN, LEICESTER, LE8 9GJ - £340,000

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 ORCHARD LANE is a very small extended detached house of 93m², built sometime before 1900. It was last sold for £340,000 in February 2017, which was around 4% below the average February 2017 detached price in the Harborough local authority area. The most recent EPC inspection was June 2015, where the current energy rating was E, and the potential energy rating was C.

5 ORCHARD LANE Sold Prices

Land registry data shows four sales for 5 ORCHARD LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Harborough local authority area for the corresponding sale date. two of the four 5 ORCHARD LANE sales were for below the average price, and four 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
2017 7 FEB	£340,000	£355,679	4% below HPI
2004 27 AUG	£295,000	£248,428	19% above HPI
2001 14 SEP	£165,000	£145,792	13% above HPI
1995 8 SEP	£88,000	£90,386	3% below HPI

5 ORCHARD 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 four 5 ORCHARD LANE sales between September 1995 and February 2017 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 August 2004 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the February 2017 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is 5 ORCHARD LANE?

5 ORCHARD LANE is 93m², which includes two extensions, according to the EPC inspection conducted in June 2015. This puts it in the smallest 20% of detached houses in Great Glen, based on EPC data. The below chart shows the distribution of detached houses by size in Great Glen, and where 5 ORCHARD LANE lies on this distribution: 15% of detached houses are smaller than 5 ORCHARD LANE, and 84% of houses are larger. Note that EPC data is not available for all properties in Great Glen.

5 ORCHARD LANE: Plot and Title Map

5 ORCHARD LANE sits on a plot of roughly 0.056 of an acre, or 226m². The below map shows the location of 5 ORCHARD 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 ORCHARD 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 ORCHARD LANE?

5 ORCHARD LANE is located in GREAT GLEN, in the LE8 postcode district. The below map shows the position of No. 5 on ORCHARD LANE.