16, SOCKBURN CLOSE, HAMILTON, LEICESTER, LE5 1NR - £240,000

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 SOCKBURN CLOSE is a small terraced house of 95m², built sometime between 2007 and 2011, which could now be worth an estimated £255,212. It was last sold for £240,000 in July 2022, which was around 23% above the average July 2022 terraced price in the Leicester local authority area. The most recent EPC inspection was February 2020, where the current energy rating was C, and the potential energy rating was B.

16 SOCKBURN CLOSE Sold Prices

Land registry data shows two sales for 16 SOCKBURN CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Leicester local authority area for the corresponding sale date. Both of the two 16 SOCKBURN CLOSE sales were 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 15 JUL	£240,000	£195,356	23% above HPI
2007 24 JAN	£175,000	£113,961	54% above HPI

16 SOCKBURN CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Leicester local authority area over time, sourced from the HPI. The two 16 SOCKBURN CLOSE sales from January 2007 and July 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 January 2007 sale was for 54% above the HPI. So the extrapolation line tracks at 54% above the HPI over time, until the July 2022 sale, where it falls to 23% above the HPI. The line then continues to track at 23% above the HPI.

What might 16 SOCKBURN CLOSE be worth now?

16 SOCKBURN CLOSE might now be worth an estimated £255,212.

This is based on house price inflation of 6.3%, between July 2022 and May 2026, for terraced 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 6.3% inflationary increase is applied to the most recent sale price for 16 SOCKBURN CLOSE of £240,000 on 15th July 2022. For the value to have increased from £240,000 to £255,212 over the four years and two months to May 2026, the following assumptions must hold true:

• The value of 16 SOCKBURN CLOSE has moved in line with the HPI for terraced houses in the Leicester local authority area.
• The July 2022 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 16 SOCKBURN CLOSE has not materially changed since July 2022.

How Large is 16 SOCKBURN CLOSE?

16 SOCKBURN CLOSE is 95m² according to the EPC inspection conducted in February 2020. This puts it in the smallest 30% of terraced houses houses in Leicester, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Leicester, and where 16 SOCKBURN CLOSE lies on this distribution: 29% of terraced houses houses are smaller than 16 SOCKBURN CLOSE, and 70% of houses are larger. Note that EPC data is not available for all properties in Leicester.

16 SOCKBURN CLOSE: Plot and Title Map

16 SOCKBURN CLOSE sits on a plot of roughly 0.024 of an acre, or 99m². The below map shows the location of 16 SOCKBURN 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 SOCKBURN 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 SOCKBURN CLOSE?

16 SOCKBURN CLOSE is located in HAMILTON, in the LE5 postcode district. The below map shows the position of No. 16 on SOCKBURN CLOSE.