THE ELMS, DESFORD ROAD, NEWBOLD VERDON, LEICESTER, LE9 9LG - £775,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

THE ELMS is a very large extended detached house of 363m², built sometime between 1930 and 1949. It was last sold for £775,000 in June 2017, which was around 173% above the average June 2017 detached price in the Hinckley and Bosworth local authority area. The most recent EPC inspection was September 2016, where the current energy rating was C, and the potential energy rating was C.

THE ELMS Sold Prices

Land registry data shows four sales for THE ELMS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Hinckley and Bosworth local authority area for the corresponding sale date. All of the four THE ELMS 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
2017 28 JUN	£775,000	£283,887	173% above HPI
2005 29 JUL	£495,000	£214,282	131% above HPI
2003 30 MAY	£375,000	£177,013	112% above HPI
1997 28 NOV	£160,000	£86,270	85% above HPI

THE ELMS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Hinckley and Bosworth local authority area over time, sourced from the HPI. The four THE ELMS sales between November 1997 and June 2017 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 131% above the HPI. So the extrapolation line tracks at 131% above the HPI over time, until the June 2017 sale, where it rises to 173% above the HPI. The line then continues to track at 173% above the HPI.

How Large is THE ELMS?

THE ELMS is 363m², which includes three extensions, according to the EPC inspection conducted in September 2016. This puts it in the largest 10% of detached houses in Newbold Verdon, based on EPC data. The below chart shows the distribution of detached houses by size in Newbold Verdon, and where THE ELMS lies on this distribution: More than 99% of detached houses are smaller than THE ELMS, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Newbold Verdon.

THE ELMS: Plot and Title Map

THE ELMS sits on a plot of roughly 0.526 of an acre, or 2,130m². The below map shows the location of THE ELMS, 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 THE ELMS). 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 THE ELMS?

THE ELMS is located on DESFORD ROAD in NEWBOLD VERDON, in the LE9 postcode district. The below map shows the position of THE ELMS on DESFORD ROAD.