THE SPINNEY, STATION ROAD, DESFORD, LEICESTER, LE9 9FP - £750,000

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 SPINNEY is a very large extended detached house of 234m², built sometime between 1900 and 1929, which could now be worth an estimated £1,221,316. It was last sold for £750,000 in February 2016, which was around 218% above the average February 2016 detached price in the Hinckley and Bosworth local authority area. The most recent EPC inspection was July 2015, where the current energy rating was C, and the potential energy rating was C.

THE SPINNEY Sold Prices

Land registry data shows three sales for THE SPINNEY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Hinckley and Bosworth local authority area for the corresponding sale date. All of the three 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
2016 19 FEB	£750,000	£235,501	218% above HPI
2009 9 OCT	£475,000	£202,530	135% above HPI
1996 1 MAR	£180,000	£68,384	163% above HPI

THE SPINNEY 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 three THE SPINNEY sales between March 1996 and February 2016 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 October 2009 sale was for 135% above the HPI. So the extrapolation line tracks at 135% above the HPI over time, until the February 2016 sale, where it rises to 218% above the HPI. The line then continues to track at 218% above the HPI.

What might THE SPINNEY be worth now?

THE SPINNEY might now be worth an estimated £1,221,316.

This is based on house price inflation of 62.8%, between February 2016 and March 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 62.8% inflationary increase is applied to the most recent sale price for THE SPINNEY of £750,000 on 19th February 2016. For the value to have increased from £750,000 to £1,221,316 over the eight years and eleven months to March 2025, the following assumptions must hold true:

• The value of THE SPINNEY has moved in line with the HPI for detached houses in the Hinckley and Bosworth local authority area.
• The February 2016 sale price of £750,000 represented a fair market value for the property.
• The size, condition, and specification of THE SPINNEY has not materially changed since February 2016.

How Large is THE SPINNEY?

THE SPINNEY is 234m², which includes one extension, according to the EPC inspection conducted in July 2015. This puts it in the largest 10% of detached houses houses in Desford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Desford, and where THE SPINNEY lies on this distribution: 95% of detached houses houses are smaller than THE SPINNEY, and 5% of houses are larger. Note that EPC data is not available for all properties in Desford.

THE SPINNEY: Plot and Title Map

THE SPINNEY sits on a plot of roughly 0.446 of an acre, or 1,805m². 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 STATION ROAD in DESFORD, in the LE9 postcode district. The below map shows the position of THE SPINNEY on STATION ROAD.