16, CHERRY GROVE, GREAT GLEN, LEICESTER, LE8 9ES - £248,000

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.

16 CHERRY GROVE is a very small semi-detached house of 64m², built sometime between 1991 and 1995, which could now be worth an estimated £264,831. It was last sold for £248,000 in October 2022, which was around 13% below the average October 2022 semi-detached price in the Harborough local authority area. The most recent EPC inspection was July 2022, where the current energy rating was C, and the potential energy rating was B.

16 CHERRY GROVE Sold Prices

Land registry data shows three sales for 16 CHERRY GROVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Harborough local authority area for the corresponding sale date. Two of the three 16 CHERRY GROVE sales were for below the average price, whilst one was 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
2022 14 OCT	£248,000	£286,129	13% below HPI
1999 19 NOV	£78,000	£66,252	18% above HPI
1998 12 FEB	£60,000	£62,334	4% below HPI

16 CHERRY GROVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Harborough local authority area over time, sourced from the HPI. The three 16 CHERRY GROVE sales between February 1998 and October 2022 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 1999 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the October 2022 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 16 CHERRY GROVE be worth now?

16 CHERRY GROVE might now be worth an estimated £264,831.

This is based on house price inflation of 6.8%, between October 2022 and February 2025, for semi-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 6.8% inflationary increase is applied to the most recent sale price for 16 CHERRY GROVE of £248,000 on 14th October 2022. For the value to have increased from £248,000 to £264,831 over the three years and eight months to February 2025, the following assumptions must hold true:

• The value of 16 CHERRY GROVE has moved in line with the HPI for semi-detached houses in the Harborough local authority area.
• The October 2022 sale price of £248,000 represented a fair market value for the property.
• The size, condition, and specification of 16 CHERRY GROVE has not materially changed since October 2022.

How Large is 16 CHERRY GROVE?

16 CHERRY GROVE is 64m² according to the EPC inspection conducted in July 2022. This puts it in the smallest 10% of semi-detached houses houses in Great Glen, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Great Glen, and where 16 CHERRY GROVE lies on this distribution: 4% of semi-detached houses houses are smaller than 16 CHERRY GROVE, and 96% of houses are larger. Note that EPC data is not available for all properties in Great Glen.

16 CHERRY GROVE: Plot and Title Map

16 CHERRY GROVE sits on a plot of roughly 0.037 of an acre, or 150m². The below map shows the location of 16 CHERRY GROVE, 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 16 CHERRY GROVE). 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 16 CHERRY GROVE?

16 CHERRY GROVE is located in GREAT GLEN, in the LE8 postcode district. The below map shows the position of No. 16 on CHERRY GROVE.