7, FARNEWAY, HINCKLEY, LE10 0SN - £295,000

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

7 FARNEWAY is a small extended detached house of 102m², built sometime between 1967 and 1975. It was last sold for £295,000 in November 2021, which was around 21% below the average November 2021 detached price in the Hinckley and Bosworth local authority area. The most recent EPC inspection was September 2016, where the current energy rating was E, and the potential energy rating was B.

7 FARNEWAY Sold Prices

Land registry data shows three sales for 7 FARNEWAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Hinckley and Bosworth local authority area for the corresponding sale date. All of the three 7 FARNEWAY 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
2021 15 NOV	£295,000	£373,244	21% below HPI
2016 29 APR	£180,000	£258,238	30% below HPI
2002 26 MAR	£97,500	£135,473	28% below HPI

7 FARNEWAY 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 three 7 FARNEWAY sales between March 2002 and November 2021 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 April 2016 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the November 2021 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 7 FARNEWAY?

7 FARNEWAY is 102m², which includes one extension, according to the EPC inspection conducted in September 2016. This puts it in the smallest 40% of detached houses in Hinckley, based on EPC data. The below chart shows the distribution of detached houses by size in Hinckley, and where 7 FARNEWAY lies on this distribution: 39% of detached houses are smaller than 7 FARNEWAY, and 60% of houses are larger. Note that EPC data is not available for all properties in Hinckley.

7 FARNEWAY: Plot and Title Map

7 FARNEWAY sits on a plot of roughly 0.057 of an acre, or 231m². The below map shows the location of 7 FARNEWAY, 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 7 FARNEWAY). 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 7 FARNEWAY?

7 FARNEWAY is located in HINCKLEY, in the LE10 postcode district. The below map shows the position of No. 7 on FARNEWAY.