18, ORCHARD CLOSE, SCRAPTOFT, LEICESTER, LE7 9BN - £245,000

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.

18 ORCHARD CLOSE is a midsized terraced house of 111m², built in 2010, which could now be worth an estimated £357,451. It was last sold for £245,000 in November 2015, which was around 43% above the average November 2015 terraced price in the Harborough local authority area. The most recent EPC inspection was April 2010, where the current energy rating was B, and the potential energy rating was B.

18 ORCHARD CLOSE Sold Prices

Land registry data shows two sales for 18 ORCHARD 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 Harborough local authority area for the corresponding sale date. Both of the two 18 ORCHARD 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
2015 20 NOV	£245,000	£171,490	43% above HPI
2010 27 MAY	£220,000	£137,707	60% above HPI

18 ORCHARD CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Harborough local authority area over time, sourced from the HPI. The two 18 ORCHARD CLOSE sales from May 2010 and November 2015 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 May 2010 sale was for 60% above the HPI. So the extrapolation line tracks at 60% above the HPI over time, until the November 2015 sale, where it falls to 43% above the HPI. The line then continues to track at 43% above the HPI.

What might 18 ORCHARD CLOSE be worth now?

18 ORCHARD CLOSE might now be worth an estimated £357,451.

This is based on house price inflation of 45.9%, between November 2015 and May 2026, for terraced 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 45.9% inflationary increase is applied to the most recent sale price for 18 ORCHARD CLOSE of £245,000 on 20th November 2015. For the value to have increased from £245,000 to £357,451 over the eleven years and six months to May 2026, the following assumptions must hold true:

• The value of 18 ORCHARD CLOSE has moved in line with the HPI for terraced houses in the Harborough local authority area.
• The November 2015 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 18 ORCHARD CLOSE has not materially changed since November 2015.

How Large is 18 ORCHARD CLOSE?

18 ORCHARD CLOSE is 111m² according to the EPC inspection conducted in April 2010. This puts it in the smallest 50% 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 18 ORCHARD CLOSE lies on this distribution: 46% of terraced houses houses are smaller than 18 ORCHARD CLOSE, and 54% of houses are larger. Note that EPC data is not available for all properties in Leicester.

Where is 18 ORCHARD CLOSE?

18 ORCHARD CLOSE is located in SCRAPTOFT, in the LE7 postcode district. The below map shows the position of No. 18 on ORCHARD CLOSE.