2, SURREY CLOSE, BURBAGE, HINCKLEY, LE10 2NY - £375,000

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.

2 SURREY CLOSE is a large detached house of 124m², built sometime between 1983 and 1990, which could now be worth an estimated £484,009. It was last sold for £375,000 in November 2018, which was around 26% above the average November 2018 detached price in the Hinckley and Bosworth local authority area. The most recent EPC inspection was May 2018, where the current energy rating was D, and the potential energy rating was B.

2 SURREY CLOSE Sold Prices

Land registry data shows four sales for 2 SURREY CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Hinckley and Bosworth local authority area for the corresponding sale date. All of the four 2 SURREY 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
2018 30 NOV	£375,000	£297,399	26% above HPI
2007 30 NOV	£287,450	£231,090	24% above HPI
2007 31 OCT	£290,000	£234,466	24% above HPI
1996 30 AUG	£112,500	£73,392	53% above HPI

2 SURREY CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Hinckley and Bosworth local authority area over time, sourced from the HPI. The four 2 SURREY CLOSE sales between August 1996 and November 2018 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 2007 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the November 2018 sale, where it rises to 26% above the HPI. The line then continues to track at 26% above the HPI.

What might 2 SURREY CLOSE be worth now?

2 SURREY CLOSE might now be worth an estimated £484,009.

This is based on house price inflation of 29.1%, between November 2018 and May 2026, for detached 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 29.1% inflationary increase is applied to the most recent sale price for 2 SURREY CLOSE of £375,000 on 30th November 2018. For the value to have increased from £375,000 to £484,009 over the eight years and six months to May 2026, the following assumptions must hold true:

• The value of 2 SURREY CLOSE has moved in line with the HPI for detached houses in the Hinckley and Bosworth local authority area.
• The November 2018 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of 2 SURREY CLOSE has not materially changed since November 2018.

How Large is 2 SURREY CLOSE?

2 SURREY CLOSE is 124m² according to the EPC inspection conducted in May 2018. This puts it in the largest 40% of detached houses houses in Hinckley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hinckley, and where 2 SURREY CLOSE lies on this distribution: 62% of detached houses houses are smaller than 2 SURREY CLOSE, and 37% of houses are larger. Note that EPC data is not available for all properties in Hinckley.

2 SURREY CLOSE: Plot and Title Map

2 SURREY CLOSE sits on a plot of roughly 0.100 of an acre, or 406m². The below map shows the location of 2 SURREY 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 2 SURREY 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 2 SURREY CLOSE?

2 SURREY CLOSE is located in BURBAGE, in the LE10 postcode district. The below map shows the position of No. 2 on SURREY CLOSE.