THE PIECES, QUEEN STREET, MARKFIELD, LE67 9WB - £550,000

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.

THE PIECES is a very large extended detached house of 227m², built sometime before 1900, which could now be worth an estimated £560,896. It was last sold for £550,000 in February 2023, which was around 47% above the average February 2023 detached price in the Hinckley and Bosworth local authority area. The most recent EPC inspection was May 2022, where the current energy rating was D, and the potential energy rating was C.

THE PIECES Sold Prices

Land registry data shows two sales for THE PIECES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Hinckley and Bosworth local authority area for the corresponding sale date. Both of the two THE PIECES 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
2023 3 FEB	£550,000	£373,645	47% above HPI
2000 30 JUN	£145,000	£101,766	42% above HPI

THE PIECES 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 two THE PIECES sales from June 2000 and February 2023 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 2000 sale was for 42% above the HPI. So the extrapolation line tracks at 42% above the HPI over time, until the February 2023 sale, where it rises to 47% above the HPI. The line then continues to track at 47% above the HPI.

What might THE PIECES be worth now?

THE PIECES might now be worth an estimated £560,896.

This is based on house price inflation of 2%, between February 2023 and February 2025, for detached houses, in the Hinckley and Bosworth local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2% inflationary increase is applied to the most recent sale price for THE PIECES of £550,000 on 3rd February 2023. For the value to have increased from £550,000 to £560,896 over the two years to February 2025, the following assumptions must hold true:

• The value of THE PIECES has moved in line with the HPI for detached houses in the Hinckley and Bosworth local authority area.
• The February 2023 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of THE PIECES has not materially changed since February 2023.

How Large is THE PIECES?

THE PIECES is 227m², which includes four extensions, according to the EPC inspection conducted in May 2022. This puts it in the largest 10% of detached houses houses in Markfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Markfield, and where THE PIECES lies on this distribution: 96% of detached houses houses are smaller than THE PIECES, and 4% of houses are larger. Note that EPC data is not available for all properties in Markfield.

THE PIECES: Plot and Title Map

THE PIECES sits on a plot of roughly 0.229 of an acre, or 928m². The below map shows the location of THE PIECES, 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 PIECES). 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 PIECES?

THE PIECES is located on QUEEN STREET in MARKFIELD, in the LE67 postcode district. The below map shows the position of THE PIECES on QUEEN STREET.