51A, SPRING LANE, SWANNINGTON, COALVILLE, LE67 8QR - £400,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

51A SPRING LANE is a small detached house of 110m², built sometime from 2007 onwards, which could now be worth an estimated £514,604. It was last sold for £400,000 in November 2018, which was around 31% above the average November 2018 detached price in the North West Leicestershire local authority area. The most recent EPC inspection was February 2009, where the current energy rating was C, and the potential energy rating was B.

51A SPRING LANE Sold Prices

Land registry data shows three sales for 51A SPRING 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 North West Leicestershire local authority area for the corresponding sale date. All of the three 51A SPRING 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
2018 30 NOV	£400,000	£305,358	31% above HPI
2014 21 OCT	£350,000	£244,921	43% above HPI
2011 10 AUG	£315,000	£229,823	37% above HPI

51A 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 three 51A SPRING LANE sales between August 2011 and November 2018 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 October 2014 sale was for 43% above the HPI. So the extrapolation line tracks at 43% above the HPI over time, until the November 2018 sale, where it falls to 31% above the HPI. The line then continues to track at 31% above the HPI.

What might 51A SPRING LANE be worth now?

51A SPRING LANE might now be worth an estimated £514,604.

This is based on house price inflation of 28.7%, between November 2018 and December 2024, for detached houses, in the North West Leicestershire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 28.7% inflationary increase is applied to the most recent sale price for 51A SPRING LANE of £400,000 on 30th November 2018. For the value to have increased from £400,000 to £514,604 over the five years and eleven months to December 2024, the following assumptions must hold true:

• The value of 51A SPRING LANE has moved in line with the HPI for detached houses in the North West Leicestershire local authority area.
• The November 2018 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of 51A SPRING LANE has not materially changed since November 2018.

How Large is 51A SPRING LANE?

51A SPRING LANE is 110m² according to the EPC inspection conducted in February 2009. This puts it in the smallest 30% of detached houses houses in Swannington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Swannington, and where 51A SPRING LANE lies on this distribution: 25% of detached houses houses are smaller than 51A SPRING LANE, and 75% of houses are larger. Note that EPC data is not available for all properties in Swannington.

51A SPRING LANE: Plot and Title Map

51A SPRING LANE sits on a plot of roughly 78.6 acres, or 317,940m². The below map shows the location of 51A 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 51A 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 51A SPRING LANE?

51A SPRING LANE is located in SWANNINGTON, in the LE67 postcode district. The below map shows the position of No. 51A on SPRING LANE.