BISHOP MEADOW LOCK HOUSE, CANAL BANK, LOUGHBOROUGH, LE11 1QE - £295,000

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.

BISHOP MEADOW LOCK HOUSE is a midsized extended detached house of 120m², built sometime before 1900, which could now be worth an estimated £369,472. It was last sold for £295,000 in December 2019, which was around 11% below the average December 2019 detached price in the Charnwood local authority area. The most recent EPC inspection was February 2018, where the current energy rating was G, and the potential energy rating was D.

BISHOP MEADOW LOCK HOUSE Sold Prices

Land registry data shows four sales for BISHOP MEADOW LOCK HOUSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Charnwood local authority area for the corresponding sale date. All of the four BISHOP MEADOW LOCK HOUSE 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
2019 20 DEC	£295,000	£332,326	11% below HPI
2016 9 DEC	£5,000	£292,251	98% below HPI
2011 8 SEP	£221,200	£237,190	7% below HPI
2008 7 APR	£152,750	£250,407	39% below HPI

BISHOP MEADOW LOCK HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Charnwood local authority area over time, sourced from the HPI. The four BISHOP MEADOW LOCK HOUSE sales between April 2008 and December 2019 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 December 2016 sale was for 98% below the HPI. So the extrapolation line tracks at 98% below the HPI over time, until the December 2019 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might BISHOP MEADOW LOCK HOUSE be worth now?

BISHOP MEADOW LOCK HOUSE might now be worth an estimated £369,472.

This is based on house price inflation of 25.2%, between December 2019 and February 2025, for detached houses, in the Charnwood local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 25.2% inflationary increase is applied to the most recent sale price for BISHOP MEADOW LOCK HOUSE of £295,000 on 20th December 2019. For the value to have increased from £295,000 to £369,472 over the six years and ten months to February 2025, the following assumptions must hold true:

• The value of BISHOP MEADOW LOCK HOUSE has moved in line with the HPI for detached houses in the Charnwood local authority area.
• The December 2019 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of BISHOP MEADOW LOCK HOUSE has not materially changed since December 2019.

How Large is BISHOP MEADOW LOCK HOUSE?

BISHOP MEADOW LOCK HOUSE is 120m², which includes three extensions, according to the EPC inspection conducted in February 2018. This puts it in the largest 50% of detached houses houses in Loughborough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Loughborough, and where BISHOP MEADOW LOCK HOUSE lies on this distribution: 58% of detached houses houses are smaller than BISHOP MEADOW LOCK HOUSE, and 41% of houses are larger. Note that EPC data is not available for all properties in Loughborough.

BISHOP MEADOW LOCK HOUSE: Plot and Title Map

BISHOP MEADOW LOCK HOUSE sits on a plot of roughly 0.117 of an acre, or 475m². The below map shows the location of BISHOP MEADOW LOCK HOUSE, 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 BISHOP MEADOW LOCK HOUSE). 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 BISHOP MEADOW LOCK HOUSE?

BISHOP MEADOW LOCK HOUSE is located on CANAL BANK in LOUGHBOROUGH, in the LE11 postcode district. The below map shows the position of BISHOP MEADOW LOCK HOUSE on CANAL BANK.