12, SOUTHERNHAY CLOSE, LEICESTER, LE2 3TW - £330,000

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.

12 SOUTHERNHAY CLOSE is a small detached house of 100m², built sometime between 1967 and 1975, which could now be worth an estimated £580,666. It was last sold for £330,000 in October 2014, which was around 50% above the average October 2014 detached price in the Leicester local authority area. The most recent EPC inspection was October 2013, where the current energy rating was C, and the potential energy rating was B.

12 SOUTHERNHAY CLOSE Sold Prices

Land registry data shows two sales for 12 SOUTHERNHAY CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Leicester local authority area for the corresponding sale date. One of the two 12 SOUTHERNHAY CLOSE sales was for above the average price, whilst the other was for below 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
2014 23 OCT	£330,000	£219,411	50% above HPI
2012 22 NOV	£200,000	£201,665	1% below HPI

12 SOUTHERNHAY CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Leicester local authority area over time, sourced from the HPI. The two 12 SOUTHERNHAY CLOSE sales from November 2012 and October 2014 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 November 2012 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the October 2014 sale, where it rises to 50% above the HPI. The line then continues to track at 50% above the HPI.

What might 12 SOUTHERNHAY CLOSE be worth now?

12 SOUTHERNHAY CLOSE might now be worth an estimated £580,666.

This is based on house price inflation of 76%, between October 2014 and February 2025, for detached houses, in the Leicester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 76% inflationary increase is applied to the most recent sale price for 12 SOUTHERNHAY CLOSE of £330,000 on 23rd October 2014. For the value to have increased from £330,000 to £580,666 over the eleven years and eight months to February 2025, the following assumptions must hold true:

• The value of 12 SOUTHERNHAY CLOSE has moved in line with the HPI for detached houses in the Leicester local authority area.
• The October 2014 sale price of £330,000 represented a fair market value for the property.
• The size, condition, and specification of 12 SOUTHERNHAY CLOSE has not materially changed since October 2014.

How Large is 12 SOUTHERNHAY CLOSE?

12 SOUTHERNHAY CLOSE is 100m² according to the EPC inspection conducted in October 2013. This puts it in the smallest 40% of detached houses houses in Leicester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Leicester, and where 12 SOUTHERNHAY CLOSE lies on this distribution: 34% of detached houses houses are smaller than 12 SOUTHERNHAY CLOSE, and 65% of houses are larger. Note that EPC data is not available for all properties in Leicester.

12 SOUTHERNHAY CLOSE: Plot and Title Map

12 SOUTHERNHAY CLOSE sits on a plot of roughly 0.094 of an acre, or 379m². The below map shows the location of 12 SOUTHERNHAY CLOSE, 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 12 SOUTHERNHAY CLOSE). 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 12 SOUTHERNHAY CLOSE?

12 SOUTHERNHAY CLOSE is located in LEICESTER, in the LE2 postcode district. The below map shows the position of No. 12 on SOUTHERNHAY CLOSE.