THE LAURELS, MAIN STREET, HARBOROUGH MAGNA, RUGBY, CV23 0HS - £617,500

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.

THE LAURELS is a large extended detached house of 228m², built sometime before 1900, which could now be worth an estimated £757,588. It was last sold for £617,500 in February 2021, which was around 59% above the average February 2021 detached price in the Rugby local authority area. The most recent EPC inspection was July 2014, where the current energy rating was D, and the potential energy rating was C.

THE LAURELS Sold Prices

Land registry data shows four sales for THE LAURELS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Rugby local authority area for the corresponding sale date. All of the four THE LAURELS 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 12 FEB	£617,500	£388,930	59% above HPI
2015 19 JUN	£590,000	£297,260	98% above HPI
2006 25 AUG	£476,000	£255,122	87% above HPI
1997 8 SEP	£172,500	£99,179	74% above HPI

THE LAURELS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rugby local authority area over time, sourced from the HPI. The four THE LAURELS sales between September 1997 and February 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 2015 sale was for 98% above the HPI. So the extrapolation line tracks at 98% above the HPI over time, until the February 2021 sale, where it falls to 59% above the HPI. The line then continues to track at 59% above the HPI.

What might THE LAURELS be worth now?

THE LAURELS might now be worth an estimated £757,588.

This is based on house price inflation of 22.7%, between February 2021 and February 2025, for detached houses, in the Rugby local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 22.7% inflationary increase is applied to the most recent sale price for THE LAURELS of £617,500 on 12th February 2021. For the value to have increased from £617,500 to £757,588 over the four years to February 2025, the following assumptions must hold true:

• The value of THE LAURELS has moved in line with the HPI for detached houses in the Rugby local authority area.
• The February 2021 sale price of £617,500 represented a fair market value for the property.
• The size, condition, and specification of THE LAURELS has not materially changed since February 2021.

How Large is THE LAURELS?

THE LAURELS is 228m², which includes one extension, according to the EPC inspection conducted in July 2014. This puts it in the largest 30% of detached houses houses in Harborough Magna, based on EPC data. The below chart shows the distribution of detached houses houses by size in Harborough Magna, and where THE LAURELS lies on this distribution: 74% of detached houses houses are smaller than THE LAURELS, and 26% of houses are larger. Note that EPC data is not available for all properties in Harborough Magna.

THE LAURELS: Plot and Title Map

THE LAURELS sits on a plot of roughly 0.104 of an acre, or 420m². The below map shows the location of THE LAURELS, 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 LAURELS). 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 LAURELS?

THE LAURELS is located on MAIN STREET in HARBOROUGH MAGNA, in the CV23 postcode district. The below map shows the position of THE LAURELS on MAIN STREET.