THE LEASES, MAIN STREET, LECONFIELD, BEVERLEY, HU17 7NQ - £300,000

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

THE LEASES is a very large extended detached house of 158m², built sometime between 1930 and 1949, which could now be worth an estimated £390,880. It was last sold for £300,000 in January 2018, which was around 18% above the average January 2018 detached price in the East Riding of Yorkshire local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was C.

THE LEASES Sold Prices

Land registry data shows two sales for THE LEASES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Riding of Yorkshire local authority area for the corresponding sale date. Both of the two THE LEASES 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 JAN	£300,000	£254,641	18% above HPI
2015 12 JAN	£295,000	£219,879	34% above HPI

THE LEASES Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Riding of Yorkshire local authority area over time, sourced from the HPI. The two THE LEASES sales from January 2015 and January 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 January 2015 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the January 2018 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might THE LEASES be worth now?

THE LEASES might now be worth an estimated £390,880.

This is based on house price inflation of 30.3%, between January 2018 and December 2024, for detached houses, in the East Riding of Yorkshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 30.3% inflationary increase is applied to the most recent sale price for THE LEASES of £300,000 on 26th January 2018. For the value to have increased from £300,000 to £390,880 over the five years and one month to December 2024, the following assumptions must hold true:

• The value of THE LEASES has moved in line with the HPI for detached houses in the East Riding of Yorkshire local authority area.
• The January 2018 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of THE LEASES has not materially changed since January 2018.

How Large is THE LEASES?

THE LEASES is 158m², which includes two extensions, according to the EPC inspection conducted in February 2014. This puts it in the largest 20% of detached houses houses in Leconfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Leconfield, and where THE LEASES lies on this distribution: 82% of detached houses houses are smaller than THE LEASES, and 18% of houses are larger. Note that EPC data is not available for all properties in Leconfield.

THE LEASES: Plot and Title Map

THE LEASES sits on a plot of roughly 0.252 of an acre, or 1,020m². The below map shows the location of THE LEASES, 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 LEASES). 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 LEASES?

THE LEASES is located on MAIN STREET in LECONFIELD, in the HU17 postcode district. The below map shows the position of THE LEASES on MAIN STREET.