23, OTTER CLOSE, IBSTOCK, LE67 6AQ - £180,000

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.

23 OTTER CLOSE is a very small terraced house of 58m², which could now be worth an estimated £178,352. It was last sold for £180,000 in July 2022, which was around 3% below the average July 2022 terraced price in the North West Leicestershire local authority area. The most recent EPC inspection was June 2012, where the current energy rating was B, and the potential energy rating was B.

23 OTTER CLOSE Sold Prices

Land registry data shows three sales for 23 OTTER CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the North West Leicestershire local authority area for the corresponding sale date. All of the three 23 OTTER CLOSE sales were for below 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 8 JUL	£180,000	£184,971	3% below HPI
2019 15 NOV	£136,000	£152,416	11% below HPI
2017 17 MAR	£26,000	£134,091	81% below HPI

23 OTTER CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the North West Leicestershire local authority area over time, sourced from the HPI. The three 23 OTTER CLOSE sales between March 2017 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 November 2019 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the July 2022 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 23 OTTER CLOSE be worth now?

23 OTTER CLOSE might now be worth an estimated £178,352.

This is based on house price deflation of 0.9%, between July 2022 and June 2025, for terraced houses, in the North West Leicestershire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.9% deflationary decrease is applied to the most recent sale price for 23 OTTER CLOSE of £180,000 on 8th July 2022. For the value to have decreased from £180,000 to £178,352 over the three years and one month to June 2025, the following assumptions must hold true:

• The value of 23 OTTER CLOSE has moved in line with the HPI for terraced houses in the North West Leicestershire local authority area.
• The July 2022 sale price of £180,000 represented a fair market value for the property.
• The size, condition, and specification of 23 OTTER CLOSE has not materially changed since July 2022.

How Large is 23 OTTER CLOSE?

23 OTTER CLOSE is 58m² according to the EPC inspection conducted in June 2012. This puts it in the smallest 10% of terraced houses houses in Ibstock, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Ibstock, and where 23 OTTER CLOSE lies on this distribution: 2% of terraced houses houses are smaller than 23 OTTER CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Ibstock.

23 OTTER CLOSE: Plot and Title Map

23 OTTER CLOSE sits on a plot of roughly 0.036 of an acre, or 144m². The below map shows the location of 23 OTTER 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 23 OTTER 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 23 OTTER CLOSE?

23 OTTER CLOSE is located in IBSTOCK, in the LE67 postcode district. The below map shows the position of No. 23 on OTTER CLOSE.