MIDWAY, MAIN STREET, GILMORTON, LUTTERWORTH, LE17 5LS - £365,000

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.

MIDWAY is a small semi-detached house of 121m², built sometime between 1996 and 2002, which could now be worth an estimated £463,155. It was last sold for £365,000 in April 2020, which was around 52% above the average April 2020 semi-detached price in the Harborough local authority area. The most recent EPC inspection was September 2018, where the current energy rating was C, and the potential energy rating was B.

MIDWAY Sold Prices

Land registry data shows three sales for MIDWAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Harborough local authority area for the corresponding sale date. All of the three MIDWAY 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
2020 24 APR	£365,000	£240,794	52% above HPI
2014 4 AUG	£370,000	£188,387	96% above HPI
1996 16 JAN	£115,000	£49,623	132% above HPI

MIDWAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Harborough local authority area over time, sourced from the HPI. The three MIDWAY sales between January 1996 and April 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 August 2014 sale was for 96% above the HPI. So the extrapolation line tracks at 96% above the HPI over time, until the April 2020 sale, where it falls to 52% above the HPI. The line then continues to track at 52% above the HPI.

What might MIDWAY be worth now?

MIDWAY might now be worth an estimated £463,155.

This is based on house price inflation of 26.9%, between April 2020 and February 2025, for semi-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 26.9% inflationary increase is applied to the most recent sale price for MIDWAY of £365,000 on 24th April 2020. For the value to have increased from £365,000 to £463,155 over the five years and two months to February 2025, the following assumptions must hold true:

• The value of MIDWAY has moved in line with the HPI for semi-detached houses in the Harborough local authority area.
• The April 2020 sale price of £365,000 represented a fair market value for the property.
• The size, condition, and specification of MIDWAY has not materially changed since April 2020.

How Large is MIDWAY?

MIDWAY is 121m² according to the EPC inspection conducted in September 2018. This puts it in the smallest 30% of semi-detached houses houses in Gilmorton, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Gilmorton, and where MIDWAY lies on this distribution: 29% of semi-detached houses houses are smaller than MIDWAY, and 71% of houses are larger. Note that EPC data is not available for all properties in Gilmorton.

MIDWAY: Plot and Title Map

MIDWAY sits on a plot of roughly 0.066 of an acre, or 268m². The below map shows the location of MIDWAY, 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 MIDWAY). 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 MIDWAY?

MIDWAY is located on MAIN STREET in GILMORTON, in the LE17 postcode district. The below map shows the position of MIDWAY on MAIN STREET.