5, THE MEADWAY, BURBAGE, HINCKLEY, LE10 2UB - £418,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

5 THE MEADWAY is a very small detached house of 80m², built sometime between 1967 and 1975, which could now be worth an estimated £443,239. It was last sold for £418,000 in May 2022, which was around 16% above the average May 2022 detached price in the Hinckley and Bosworth local authority area. The most recent EPC inspection was August 2021, where the current energy rating was C, and the potential energy rating was B.

5 THE MEADWAY Sold Prices

Land registry data shows three sales for 5 THE MEADWAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Hinckley and Bosworth local authority area for the corresponding sale date. Two of the three 5 THE MEADWAY 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
2022 6 MAY	£418,000	£359,349	16% above HPI
2018 3 AUG	£325,000	£291,792	11% above HPI
2017 30 OCT	£244,000	£280,387	13% below HPI

5 THE MEADWAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Hinckley and Bosworth local authority area over time, sourced from the HPI. The three 5 THE MEADWAY sales between October 2017 and May 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 August 2018 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the May 2022 sale, where it rises to 16% above the HPI. The line then continues to track at 16% above the HPI.

What might 5 THE MEADWAY be worth now?

5 THE MEADWAY might now be worth an estimated £443,239.

This is based on house price inflation of 6%, between May 2022 and February 2025, for detached houses, in the Hinckley and Bosworth local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 6% inflationary increase is applied to the most recent sale price for 5 THE MEADWAY of £418,000 on 6th May 2022. For the value to have increased from £418,000 to £443,239 over the three years and three months to February 2025, the following assumptions must hold true:

• The value of 5 THE MEADWAY has moved in line with the HPI for detached houses in the Hinckley and Bosworth local authority area.
• The May 2022 sale price of £418,000 represented a fair market value for the property.
• The size, condition, and specification of 5 THE MEADWAY has not materially changed since May 2022.

How Large is 5 THE MEADWAY?

5 THE MEADWAY is 80m² according to the EPC inspection conducted in August 2021. This puts it in the smallest 20% of detached houses houses in Hinckley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hinckley, and where 5 THE MEADWAY lies on this distribution: 15% of detached houses houses are smaller than 5 THE MEADWAY, and 85% of houses are larger. Note that EPC data is not available for all properties in Hinckley.

5 THE MEADWAY: Plot and Title Map

5 THE MEADWAY sits on a plot of roughly 0.126 of an acre, or 508m². The below map shows the location of 5 THE MEADWAY, 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 THE MEADWAY). 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 THE MEADWAY?

5 THE MEADWAY is located in BURBAGE, in the LE10 postcode district. The below map shows the position of No. 5 on THE MEADWAY.