PARKLANDS, STOUGHTON LANE, STOUGHTON, LEICESTER, LE2 2FH - £500,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

PARKLANDS is a large detached house of 213m², built sometime between 1930 and 1949, which could now be worth an estimated £677,695. It was last sold for £500,000 in March 2018, which was around 38% above the average March 2018 detached price in the Harborough local authority area. The most recent EPC inspection was January 2018, where the current energy rating was D, and the potential energy rating was A.

PARKLANDS Sold Prices

Land registry data shows three sales for PARKLANDS 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. All of the three PARKLANDS 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
2018 26 MAR	£500,000	£363,618	38% above HPI
2005 15 JUL	£499,000	£254,712	96% above HPI
2003 10 OCT	£575,000	£212,776	170% above HPI

PARKLANDS 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 PARKLANDS sales between October 2003 and March 2018 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 July 2005 sale was for 96% above the HPI. So the extrapolation line tracks at 96% above the HPI over time, until the March 2018 sale, where it falls to 38% above the HPI. The line then continues to track at 38% above the HPI.

What might PARKLANDS be worth now?

PARKLANDS might now be worth an estimated £677,695.

This is based on house price inflation of 35.5%, between March 2018 and December 2024, 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 35.5% inflationary increase is applied to the most recent sale price for PARKLANDS of £500,000 on 26th March 2018. For the value to have increased from £500,000 to £677,695 over the five years and three months to December 2024, the following assumptions must hold true:

• The value of PARKLANDS has moved in line with the HPI for detached houses in the Harborough local authority area.
• The March 2018 sale price of £500,000 represented a fair market value for the property.
• The size, condition, and specification of PARKLANDS has not materially changed since March 2018.

How Large is PARKLANDS?

PARKLANDS is 213m² according to the EPC inspection conducted in January 2018. This puts it in the largest 40% of detached houses houses in Stoughton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Stoughton, and where PARKLANDS lies on this distribution: 65% of detached houses houses are smaller than PARKLANDS, and 35% of houses are larger. Note that EPC data is not available for all properties in Stoughton.

PARKLANDS: Plot and Title Map

PARKLANDS sits on a plot of roughly 0.311 of an acre, or 1,258m². The below map shows the location of PARKLANDS, 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 PARKLANDS). 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 PARKLANDS?

PARKLANDS is located on STOUGHTON LANE in STOUGHTON, in the LE2 postcode district. The below map shows the position of PARKLANDS on STOUGHTON LANE.