503, SAFFRON LANE, LEICESTER, LE2 6UL - £161,000

503 SAFFRON LANE is a very small extended detached house of 74m², built sometime between 1930 and 1949. It was last sold for £161,000 in July 2015, which was around 31% below the average July 2015 detached price in the Leicester local authority area. The most recent EPC inspection was September 2014, where the current energy rating was E, and the potential energy rating was B.

503 SAFFRON LANE Sold Prices

Land registry data shows two sales for 503 SAFFRON 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 Leicester local authority area for the corresponding sale date. Both of the two 503 SAFFRON 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
2015 10 JUL	£161,000	£231,664	31% below HPI
2002 2 AUG	£77,500	£137,190	44% below HPI

503 SAFFRON LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Leicester local authority area over time, sourced from the HPI. The two 503 SAFFRON LANE sales from August 2002 and July 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 August 2002 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the July 2015 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 503 SAFFRON LANE?

503 SAFFRON LANE is 74m², which includes one extension, according to the EPC inspection conducted in September 2014. This puts it in the smallest 10% of detached houses in Leicester, based on EPC data. The below chart shows the distribution of detached houses by size in Leicester, and where 503 SAFFRON LANE lies on this distribution: 9% of detached houses are smaller than 503 SAFFRON LANE, and 90% of houses are larger. Note that EPC data is not available for all properties in Leicester.

503 SAFFRON LANE: Plot and Title Map

503 SAFFRON LANE sits on a plot of roughly 0.074 of an acre, or 298m². The below map shows the location of 503 SAFFRON 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 503 SAFFRON 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 503 SAFFRON LANE?

503 SAFFRON LANE is located in LEICESTER, in the LE2 postcode district. The below map shows the position of No. 503 on SAFFRON LANE.