14, BEACON CLOSE, MARKFIELD, LE67 9SR - £128,000

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.

14 BEACON CLOSE is a very small terraced house of 49m², built sometime between 1976 and 1982, which could now be worth an estimated £174,423. It was last sold for £128,000 in May 2019, which was around 15% below the average May 2019 terraced price in the Hinckley and Bosworth local authority area. The most recent EPC inspection was March 2019, where the current energy rating was D, and the potential energy rating was B.

14 BEACON CLOSE Sold Prices

Land registry data shows three sales for 14 BEACON CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Hinckley and Bosworth local authority area for the corresponding sale date. All of the three 14 BEACON CLOSE sales were 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
2019 17 MAY	£128,000	£150,673	15% below HPI
2013 16 SEP	£80,000	£110,737	28% below HPI
2006 25 JUL	£105,000	£118,880	12% below HPI

14 BEACON CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Hinckley and Bosworth local authority area over time, sourced from the HPI. The three 14 BEACON CLOSE sales between July 2006 and May 2019 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 September 2013 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the May 2019 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 14 BEACON CLOSE be worth now?

14 BEACON CLOSE might now be worth an estimated £174,423.

This is based on house price inflation of 36.3%, between May 2019 and April 2026, for terraced 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 36.3% inflationary increase is applied to the most recent sale price for 14 BEACON CLOSE of £128,000 on 17th May 2019. For the value to have increased from £128,000 to £174,423 over the seven years and one month to April 2026, the following assumptions must hold true:

• The value of 14 BEACON CLOSE has moved in line with the HPI for terraced houses in the Hinckley and Bosworth local authority area.
• The May 2019 sale price of £128,000 represented a fair market value for the property.
• The size, condition, and specification of 14 BEACON CLOSE has not materially changed since May 2019.

How Large is 14 BEACON CLOSE?

14 BEACON CLOSE is 49m² according to the EPC inspection conducted in March 2019. This puts it in the smallest 10% of terraced houses houses in Markfield, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Markfield, and where 14 BEACON CLOSE lies on this distribution: 1% of terraced houses houses are smaller than 14 BEACON CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Markfield.

14 BEACON CLOSE: Plot and Title Map

14 BEACON CLOSE sits on a plot of roughly 0.043 of an acre, or 173m². The below map shows the location of 14 BEACON 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 14 BEACON 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 14 BEACON CLOSE?

14 BEACON CLOSE is located in MARKFIELD, in the LE67 postcode district. The below map shows the position of No. 14 on BEACON CLOSE.