7, HERALD WAY, BURBAGE, HINCKLEY, LE10 2NX - £536,000

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 HERALD WAY is a very large extended detached house of 147m², built sometime between 1983 and 1990. It was last sold for £536,000 in February 2023, which was around 36% above the average February 2023 detached price in the Hinckley and Bosworth local authority area. The most recent EPC inspection was August 2022, where the current energy rating was C, and the potential energy rating was C.

7 HERALD WAY Sold Prices

Land registry data shows two sales for 7 HERALD WAY 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 7 HERALD WAY 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
2023 9 FEB	£536,000	£393,129	36% above HPI
2001 22 JUN	£192,500	£117,550	64% above HPI

7 HERALD WAY 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 7 HERALD WAY sales from June 2001 and February 2023 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 June 2001 sale was for 64% above the HPI. So the extrapolation line tracks at 64% above the HPI over time, until the February 2023 sale, where it falls to 36% above the HPI. The line then continues to track at 36% above the HPI.

How Large is 7 HERALD WAY?

7 HERALD WAY is 147m², which includes one extension, according to the EPC inspection conducted in August 2022. This puts it in the largest 20% 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 HERALD WAY lies on this distribution: 80% of detached houses are smaller than 7 HERALD WAY, and 20% of houses are larger. Note that EPC data is not available for all properties in Hinckley.

7 HERALD WAY: Plot and Title Map

7 HERALD WAY sits on a plot of roughly 0.129 of an acre, or 523m². The below map shows the location of 7 HERALD WAY, 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 HERALD WAY). 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 HERALD WAY?

7 HERALD WAY is located in BURBAGE, in the LE10 postcode district. The below map shows the position of No. 7 on HERALD WAY.