55A, MILL LANE, NEWBOLD VERDON, LEICESTER, LE9 9PU - £170,000

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

55A MILL LANE is a very small detached house of 71m², built sometime between 2003 and 2006. It was last sold for £170,000 in May 2006, which was around 26% below the average May 2006 detached price in the Hinckley and Bosworth local authority area. The most recent EPC inspection was December 2011, where the current energy rating was C, and the potential energy rating was C.

55A MILL LANE Sold Prices

Land registry data shows two sales for 55A MILL 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 Hinckley and Bosworth local authority area for the corresponding sale date. Both of the two 55A MILL 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
2006 5 MAY	£170,000	£229,464	26% below HPI
2004 27 FEB	£150,000	£184,337	19% below HPI

55A MILL LANE 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 two 55A MILL LANE sales from February 2004 and May 2006 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 February 2004 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the May 2006 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 55A MILL LANE?

55A MILL LANE is 71m² according to the EPC inspection conducted in December 2011. This puts it in the smallest 10% of detached houses in Newbold Verdon, based on EPC data. The below chart shows the distribution of detached houses by size in Newbold Verdon, and where 55A MILL LANE lies on this distribution: 9% of detached houses are smaller than 55A MILL LANE, and 91% of houses are larger. Note that EPC data is not available for all properties in Newbold Verdon.

55A MILL LANE: Plot and Title Map

55A MILL LANE sits on a plot of roughly 0.054 of an acre, or 221m². The below map shows the location of 55A MILL 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 55A MILL 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 55A MILL LANE?

55A MILL LANE is located in NEWBOLD VERDON, in the LE9 postcode district. The below map shows the position of No. 55A on MILL LANE.