DEVONIA, BAKEWELL LANE, COLEORTON, COALVILLE, LE67 8JD - £390,000

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.

DEVONIA is a small extended detached house of 138m², built sometime between 1900 and 1929, which could now be worth an estimated £620,597. It was last sold for £390,000 in August 2015, which was around 56% above the average August 2015 detached price in the North West Leicestershire local authority area. The most recent EPC inspection was November 2010, where the current energy rating was F, and the potential energy rating was E.

DEVONIA Sold Prices

Land registry data shows three sales for DEVONIA since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North West Leicestershire local authority area for the corresponding sale date. The three DEVONIA sales were a mix of above the average price, and roughly equal to 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
2015 7 AUG	£390,000	£249,734	56% above HPI
2001 2 MAR	£142,000	£114,549	24% above HPI
1997 4 AUG	£82,500	£82,274	Close to HPI

DEVONIA Price Paid vs. HPI Average

The below graph shows the average detached house price in the North West Leicestershire local authority area over time, sourced from the HPI. The three DEVONIA sales between August 1997 and August 2015 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 March 2001 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the August 2015 sale, where it rises to 56% above the HPI. The line then continues to track at 56% above the HPI.

What might DEVONIA be worth now?

DEVONIA might now be worth an estimated £620,597.

This is based on house price inflation of 59.1%, between August 2015 and February 2025, for detached houses, in the North West Leicestershire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 59.1% inflationary increase is applied to the most recent sale price for DEVONIA of £390,000 on 7th August 2015. For the value to have increased from £390,000 to £620,597 over the ten years and six months to February 2025, the following assumptions must hold true:

• The value of DEVONIA has moved in line with the HPI for detached houses in the North West Leicestershire local authority area.
• The August 2015 sale price of £390,000 represented a fair market value for the property.
• The size, condition, and specification of DEVONIA has not materially changed since August 2015.

How Large is DEVONIA?

DEVONIA is 138m², which includes two extensions, according to the EPC inspection conducted in November 2010. This puts it in the smallest 30% of detached houses houses in Coleorton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Coleorton, and where DEVONIA lies on this distribution: 28% of detached houses houses are smaller than DEVONIA, and 72% of houses are larger. Note that EPC data is not available for all properties in Coleorton.

DEVONIA: Plot and Title Map

DEVONIA sits on a plot of roughly 0.199 of an acre, or 806m². The below map shows the location of DEVONIA, 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 DEVONIA). 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 DEVONIA?

DEVONIA is located on BAKEWELL LANE in COLEORTON, in the LE67 postcode district. The below map shows the position of DEVONIA on BAKEWELL LANE.