580, GIPSY LANE, LEICESTER, LE5 0TB - £225,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

580 GIPSY LANE is a very small detached house of 54m², built sometime between 1900 and 1929. It was last sold for £225,000 in October 2020, which was around 32% below the average October 2020 detached price in the Leicester local authority area. The most recent EPC inspection was June 2022, where the current energy rating was C, and the potential energy rating was C.

580 GIPSY LANE Sold Prices

Land registry data shows two sales for 580 GIPSY 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 580 GIPSY 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
2020 12 OCT	£225,000	£331,432	32% below HPI
2018 13 AUG	£130,000	£299,446	57% below HPI

580 GIPSY 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 580 GIPSY LANE sales from August 2018 and October 2020 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 57% below the HPI. So the extrapolation line tracks at 57% below the HPI over time, until the October 2020 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 580 GIPSY LANE?

580 GIPSY LANE is 54m² according to the EPC inspection conducted in June 2022. 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 580 GIPSY LANE lies on this distribution: 1% of detached houses are smaller than 580 GIPSY LANE, and 99% of houses are larger. Note that EPC data is not available for all properties in Leicester.

580 GIPSY LANE: Plot and Title Map

580 GIPSY LANE sits on a plot of roughly 0.087 of an acre, or 350m². The below map shows the location of 580 GIPSY 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 580 GIPSY 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 580 GIPSY LANE?

580 GIPSY LANE is located in LEICESTER, in the LE5 postcode district. The below map shows the position of No. 580 on GIPSY LANE.