Detached
5
2605 sq ft
7%
PROPERTY VALUATION
£629,000
+£39,000 (7%)
Since last sold: November 2020
VALUATION RANGE
£607k - £651k
LOW | HIGH
Confidence: Medium
Update Property Condition
Property summary Last updated: 05/03/2024
Last updated: 05/03/2024
2 School Lane, Harby is a 5 bedroom freehold detached house spread over 2,605 square feet, making it one of the largest properties here - it is ranked as the 2nd most expensive property* in LE14 4BZ, with a valuation of £629,000.
Since it last sold in November 2020 for £590,000, its value has increased by £39,000.
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SOLD PROPERTY PRICES - LE14 4BZ
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2 School Lane is significantly bigger than the average property in this postcode.
Essential buying details
- We expect the property to sell for between £607k and £651k if no refurbishment work has been carried out.
- This property only has one recorded sale since 1995 so it doesn't have a historic investment return or rating yet.
- 23 detached houses have sold at an average price of £523,412 over the last 12 months (in the area coverring LE14 4).
6.6%
This property has increased in price by 6.6% since it last sold 3 years ago
47%
This property is 47% more expensive than average in School Lane, LE14 4BZ
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Sale history
The most paid for a property in School Lane, LE14 4BZ was £725,000 in 2013.
| Date | Price | Change |
|---|---|---|
| Today's value* | £629,000 | 6.6% |
| 23 Nov 2020 | £590,000 | - |
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2 School Lane, Melton Mowbray is a 5 bedroom detached house with 2,605 square feet of internal space.
Valuation details
The most likely sale price is £629,000 but at the lower end we think it should fetch a minimum of £607,000.
On a cost per square foot basis, this property is valued at 17% less than the other houses in this postcode.
A lower cost per square foot can indicate that the property is in a worse condition and needs more refurbishment work or that it has a smaller garden (for more information see our valuation review) of this property.
If the property was previously purchased in a bad state of repair, making home improvements could increase its sale price to £723,000.
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This property has increased in price by £39,000 since it last sold in 2020 - this equates to a 1.9% rise each year.
If the property has been refurbished or extended since it was last purchased, tell us about any home improvements to get a revised valuation.
What condition is the property in?
- At a sale price of £629k, we expect this property to be in worse condition than the neighbouring properties.
- At this valuation it has a cost per square foot of £241, which is substantially less than the average here.
- The average cost per square foot for property here is £292.
Cost per square foot valuation
- If we valued this property using the average cost per square foot (CPSF) - it would be worth £761k. For it to sell for this amount, we would expect it to be in a similar state decoratively to the average property here and also have a similar sized plot of land.
- Note: Properties that are in a better condition will sell for more money per square foot.
What does it cost to live here?
Prices start at:
£176k
Average house price:
£428k
Most expensive:
£1.03M
- Property details
- Local market
- Regional prices
Property details
- Most likely sale price: £629,000
- Offers likely to be accepted between £607,000 and £651,000.
- Cost per squre foot: £241 (at a valuation of £629,000).
- 5 bedroom freehold detached house
- 2,605 square feet
- Property energy rating: 60
- Which is above average for this postcode.
- A score of 100 is the best energy rating a property can be given.
- Compare this to other properties in LE14 4BZ
The local market - LE14 4BZ
- The average property price for this postcode is £428,000
- Prices here range from £176,000 to £1,028,000.
- Expect to pay £248 to £335 per square foot for property in LE14 4BZ.
- 10 properties have sold in LE14 4BZ over the last 5 years.
- The latest sale in LE14 4BZ went for £595k on 15 Sep 2023.
The property market across LE14 4
- The average price paid for a detached house in the area LE14 4 over the past year is £523k.
- Detached houses have been selling for £319 per square foot across LE14 4.
- 23 detached houses have sold over the last 12 months (in the area coverring LE14 4).
What does it cost to live in this area?
The local area
Recent sales in the surrounding roads
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What are some of the other properties worth?
The cheapest property here in LE14 4BZ is valued at £176k.
At the top end, the most expensive property is worth £1.03M - this postcode has an average valuation of £428k.
| Property | Valuation | ||
|---|---|---|---|
 | 26 School Lane, Harby 3 bed | 689 sq. ft. | £221,000(+16% since 2020) | |
| 5 School Lane, Harby 1109 sq.ft. | £313,000 (-1% since 2021) | ||
| 19 School Lane, Harby 1076 sq.ft. | £319,000 (-3% since 2023) | ||
 | 11 School Lane, Harby 3 bed | £348,000(+11% since 2021) | |
 | 12 School Lane, Harby 4 bed | 1249 sq. ft. | £453,000(+13% since 2020) | |
| Frecks Cottage, 1, School Lane | £554,000(+5% since 2021) | ||
 | 25 School Lane, Harby 3 bed | 2024 sq. ft. | £582,000 (-2% since 2023) | |
 | 2 School Lane, Harby 5 bed | 2605 sq. ft. | £629,000(+7% since 2020) |
Valuation accuracy
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