THE SPINNEY, MAIN STREET, COTESBACH, LUTTERWORTH, LE17 4HZ - £760,000

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 SPINNEY is a very small extended detached house of 126m², built sometime between 1967 and 1975, which could now be worth an estimated £793,055. It was last sold for £760,000 in October 2024, which was around 61% above the average October 2024 detached price in the Harborough local authority area. The most recent EPC inspection was July 2024, where the current energy rating was D, and the potential energy rating was C.

THE SPINNEY Sold Prices

Land registry data shows two sales for THE SPINNEY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Harborough local authority area for the corresponding sale date. Both of the two THE SPINNEY 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
2024 17 OCT	£760,000	£472,302	61% above HPI
2018 30 AUG	£547,500	£369,950	48% above HPI

THE SPINNEY 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 two THE SPINNEY sales from August 2018 and October 2024 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 August 2018 sale was for 48% above the HPI. So the extrapolation line tracks at 48% above the HPI over time, until the October 2024 sale, where it rises to 61% above the HPI. The line then continues to track at 61% above the HPI.

What might THE SPINNEY be worth now?

THE SPINNEY might now be worth an estimated £793,055.

This is based on house price inflation of 4.3%, between October 2024 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 4.3% inflationary increase is applied to the most recent sale price for THE SPINNEY of £760,000 on 17th October 2024. For the value to have increased from £760,000 to £793,055 over the ten months to December 2024, the following assumptions must hold true:

• The value of THE SPINNEY has moved in line with the HPI for detached houses in the Harborough local authority area.
• The October 2024 sale price of £760,000 represented a fair market value for the property.
• The size, condition, and specification of THE SPINNEY has not materially changed since October 2024.

How Large is THE SPINNEY?

THE SPINNEY is 126m², which includes two extensions, according to the EPC inspection conducted in July 2024. This puts it in the smallest 20% of detached houses houses in Cotesbach, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cotesbach, and where THE SPINNEY lies on this distribution: 19% of detached houses houses are smaller than THE SPINNEY, and 81% of houses are larger. Note that EPC data is not available for all properties in Cotesbach.

THE SPINNEY: Plot and Title Map

THE SPINNEY sits on a plot of roughly 1.3 acres, or 5,371m². The below map shows the location of THE SPINNEY, 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 SPINNEY). 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 SPINNEY?

THE SPINNEY is located on MAIN STREET in COTESBACH, in the LE17 postcode district. The below map shows the position of THE SPINNEY on MAIN STREET.