56, MILL LANE, NEWBOLD VERDON, LEICESTER, LE9 9PU - £132,500

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.

56 MILL LANE is a small semi-detached house of 83m², built sometime between 1950 and 1966, which could now be worth an estimated £253,271. It was last sold for £132,500 in October 2011, which was around 2% above the average October 2011 semi-detached price in the Hinckley and Bosworth local authority area. The most recent EPC inspection was April 2011, where the current energy rating was D, and the potential energy rating was C.

56 MILL LANE Sold Prices

Land registry data shows two sales for 56 MILL LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Hinckley and Bosworth local authority area for the corresponding sale date. One of the two 56 MILL LANE sales was for above the average price, whilst the other 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
2011 28 OCT	£132,500	£130,428	2% above HPI
2002 8 JUL	£74,000	£83,645	12% below HPI

56 MILL LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Hinckley and Bosworth local authority area over time, sourced from the HPI. The two 56 MILL LANE sales from July 2002 and October 2011 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 July 2002 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the October 2011 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might 56 MILL LANE be worth now?

56 MILL LANE might now be worth an estimated £253,271.

This is based on house price inflation of 91.1%, between October 2011 and February 2025, for semi-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 91.1% inflationary increase is applied to the most recent sale price for 56 MILL LANE of £132,500 on 28th October 2011. For the value to have increased from £132,500 to £253,271 over the fourteen years and eight months to February 2025, the following assumptions must hold true:

• The value of 56 MILL LANE has moved in line with the HPI for semi-detached houses in the Hinckley and Bosworth local authority area.
• The October 2011 sale price of £132,500 represented a fair market value for the property.
• The size, condition, and specification of 56 MILL LANE has not materially changed since October 2011.

How Large is 56 MILL LANE?

56 MILL LANE is 83m² according to the EPC inspection conducted in April 2011. This puts it in the smallest 30% of semi-detached houses houses in Newbold Verdon, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Newbold Verdon, and where 56 MILL LANE lies on this distribution: 22% of semi-detached houses houses are smaller than 56 MILL LANE, and 78% of houses are larger. Note that EPC data is not available for all properties in Newbold Verdon.

56 MILL LANE: Plot and Title Map

56 MILL LANE sits on a plot of roughly 0.113 of an acre, or 457m². The below map shows the location of 56 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 56 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 56 MILL LANE?

56 MILL LANE is located in NEWBOLD VERDON, in the LE9 postcode district. The below map shows the position of No. 56 on MILL LANE.