MARTINS, BOWDEN ROAD, THORPE LANGTON, MARKET HARBOROUGH, LE16 7TP - £543,000

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.

MARTINS is a very small detached house of 136m², built sometime between 1950 and 1966, which could now be worth an estimated £646,493. It was last sold for £543,000 in June 2021, which was around 33% above the average June 2021 detached price in the Harborough local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was C.

MARTINS Sold Prices

Land registry data shows five sales for MARTINS since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Harborough local authority area for the corresponding sale date. Most of the five MARTINS 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
2021 17 JUN	£543,000	£407,659	33% above HPI
2014 9 JUN	£439,950	£302,606	45% above HPI
2006 5 OCT	£385,000	£264,355	46% above HPI
1998 26 JUN	£160,000	£102,834	56% above HPI
1998 2 FEB	£97,500	£105,947	8% below HPI

MARTINS 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 five MARTINS sales between February 1998 and June 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 June 2014 sale was for 45% above the HPI. So the extrapolation line tracks at 45% above the HPI over time, until the June 2021 sale, where it falls to 33% above the HPI. The line then continues to track at 33% above the HPI.

What might MARTINS be worth now?

MARTINS might now be worth an estimated £646,493.

This is based on house price inflation of 19.1%, between June 2021 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 19.1% inflationary increase is applied to the most recent sale price for MARTINS of £543,000 on 17th June 2021. For the value to have increased from £543,000 to £646,493 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of MARTINS has moved in line with the HPI for detached houses in the Harborough local authority area.
• The June 2021 sale price of £543,000 represented a fair market value for the property.
• The size, condition, and specification of MARTINS has not materially changed since June 2021.

How Large is MARTINS?

MARTINS is 136m² according to the EPC inspection conducted in April 2014. This puts it in the smallest 20% of detached houses houses in Thorpe Langton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Thorpe Langton, and where MARTINS lies on this distribution: 16% of detached houses houses are smaller than MARTINS, and 81% of houses are larger. Note that EPC data is not available for all properties in Thorpe Langton.

MARTINS: Plot and Title Map

MARTINS sits on a plot of roughly 0.212 of an acre, or 859m². The below map shows the location of MARTINS, 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 MARTINS). 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 MARTINS?

MARTINS is located on BOWDEN ROAD in THORPE LANGTON, in the LE16 postcode district. The below map shows the position of MARTINS on BOWDEN ROAD.