5, SPRING LANE, SWANNINGTON, COALVILLE, LE67 8QR - £193,500

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 SPRING LANE is a small extended detached house of 118m², built sometime between 1983 and 1990. It was last sold for £193,500 in September 2017, which was around 26% below the average September 2017 detached price in the North West Leicestershire local authority area. The most recent EPC inspection was October 2008, where the current energy rating was E, and the potential energy rating was D.

5 SPRING LANE Sold Prices

Land registry data shows two sales for 5 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 5 SPRING LANE 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
2017 8 SEP	£193,500	£262,016	26% below HPI
2009 16 MAR	£150,000	£196,900	24% below HPI

5 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 5 SPRING LANE sales from March 2009 and September 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 March 2009 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the September 2017 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 5 SPRING LANE?

5 SPRING LANE is 118m², which includes one extension, according to the EPC inspection conducted in October 2008. This puts it in the smallest 40% of detached houses in Swannington, based on EPC data. The below chart shows the distribution of detached houses by size in Swannington, and where 5 SPRING LANE lies on this distribution: 38% of detached houses are smaller than 5 SPRING LANE, and 62% of houses are larger. Note that EPC data is not available for all properties in Swannington.

5 SPRING LANE: Plot and Title Map

5 SPRING LANE sits on a plot of roughly 78.6 acres, or 317,940m². The below map shows the location of 5 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 5 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 5 SPRING LANE?

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