FALLOWFIELD, BACK LANE, LEIRE, LUTTERWORTH, LE17 5EZ - £345,000

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.

FALLOWFIELD is a very small detached house of 99m², built sometime between 1967 and 1975, which could now be worth an estimated £395,563. It was last sold for £345,000 in October 2020, which was around 19% below the average October 2020 detached price in the Harborough local authority area. The most recent EPC inspection was March 2020, where the current energy rating was D, and the potential energy rating was B.

FALLOWFIELD Sold Prices

Land registry data shows three sales for FALLOWFIELD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Harborough local authority area for the corresponding sale date. Two of the three FALLOWFIELD sales were for below the average price, whilst one was 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
2020 19 OCT	£345,000	£423,316	19% below HPI
2003 3 JAN	£217,500	£191,159	14% above HPI
1997 26 SEP	£87,500	£98,096	11% below HPI

FALLOWFIELD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Harborough local authority area over time, sourced from the HPI. The three FALLOWFIELD sales between September 1997 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 January 2003 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the October 2020 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might FALLOWFIELD be worth now?

FALLOWFIELD might now be worth an estimated £395,563.

This is based on house price inflation of 14.7%, between October 2020 and February 2025, for detached houses, in the Harborough local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14.7% inflationary increase is applied to the most recent sale price for FALLOWFIELD of £345,000 on 19th October 2020. For the value to have increased from £345,000 to £395,563 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of FALLOWFIELD has moved in line with the HPI for detached houses in the Harborough local authority area.
• The October 2020 sale price of £345,000 represented a fair market value for the property.
• The size, condition, and specification of FALLOWFIELD has not materially changed since October 2020.

How Large is FALLOWFIELD?

FALLOWFIELD is 99m² according to the EPC inspection conducted in March 2020. This puts it in the smallest 20% of detached houses houses in Leire, based on EPC data. The below chart shows the distribution of detached houses houses by size in Leire, and where FALLOWFIELD lies on this distribution: 12% of detached houses houses are smaller than FALLOWFIELD, and 86% of houses are larger. Note that EPC data is not available for all properties in Leire.

FALLOWFIELD: Plot and Title Map

FALLOWFIELD sits on a plot of roughly 0.091 of an acre, or 369m². The below map shows the location of FALLOWFIELD, 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 FALLOWFIELD). 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 FALLOWFIELD?

FALLOWFIELD is located on BACK LANE in LEIRE, in the LE17 postcode district. The below map shows the position of FALLOWFIELD on BACK LANE.