16, ROSE ACRE CLOSE, SCRAPTOFT, LEICESTER, LE7 9UH - £315,000

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 ROSE ACRE CLOSE is a very large extended detached house of 174m², built sometime between 1900 and 1929, which could now be worth an estimated £440,268. It was last sold for £315,000 in February 2017, which was around 8% below the average February 2017 detached price in the Harborough local authority area. The most recent EPC inspection was March 2015, where the current energy rating was F, and the potential energy rating was C.

16 ROSE ACRE CLOSE Sold Prices

Land registry data shows three sales for 16 ROSE ACRE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Harborough local authority area for the corresponding sale date. Two of the three 16 ROSE ACRE CLOSE 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
2017 27 FEB	£315,000	£341,853	8% below HPI
2013 25 OCT	£250,000	£272,012	8% below HPI
2003 10 OCT	£243,000	£212,776	14% above HPI

16 ROSE ACRE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Harborough local authority area over time, sourced from the HPI. The three 16 ROSE ACRE CLOSE sales between October 2003 and February 2017 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 2013 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the February 2017 sale, which was also at 8% below the HPI.

What might 16 ROSE ACRE CLOSE be worth now?

16 ROSE ACRE CLOSE might now be worth an estimated £440,268.

This is based on house price inflation of 39.8%, between February 2017 and May 2026, for 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 39.8% inflationary increase is applied to the most recent sale price for 16 ROSE ACRE CLOSE of £315,000 on 27th February 2017. For the value to have increased from £315,000 to £440,268 over the eight years and nine months to May 2026, the following assumptions must hold true:

• The value of 16 ROSE ACRE CLOSE has moved in line with the HPI for detached houses in the Harborough local authority area.
• The February 2017 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of 16 ROSE ACRE CLOSE has not materially changed since February 2017.

How Large is 16 ROSE ACRE CLOSE?

16 ROSE ACRE CLOSE is 174m², which includes one extension, according to the EPC inspection conducted in March 2015. This puts it in the largest 20% 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 16 ROSE ACRE CLOSE lies on this distribution: 86% of detached houses houses are smaller than 16 ROSE ACRE CLOSE, and 14% of houses are larger. Note that EPC data is not available for all properties in Leicester.

16 ROSE ACRE CLOSE: Plot and Title Map

16 ROSE ACRE CLOSE sits on a plot of roughly 0.157 of an acre, or 635m². The below map shows the location of 16 ROSE ACRE 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 16 ROSE ACRE 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 16 ROSE ACRE CLOSE?

16 ROSE ACRE CLOSE is located in SCRAPTOFT, in the LE7 postcode district. The below map shows the position of No. 16 on ROSE ACRE CLOSE.