3, THE BALK, GLENFIELD, LEICESTER, LE3 8BL - £270,000

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.

3 THE BALK is a midsized extended detached house of 114m², built sometime between 1930 and 1949, which could now be worth an estimated £337,217. It was last sold for £270,000 in June 2019, which was around 13% below the average June 2019 detached price in the Blaby local authority area. The most recent EPC inspection was April 2023, where the current energy rating was D, and the potential energy rating was C.

3 THE BALK Sold Prices

Land registry data shows two sales for 3 THE BALK since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Blaby local authority area for the corresponding sale date. Both of the two 3 THE BALK 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
2019 21 JUN	£270,000	£310,045	13% below HPI
1998 13 MAR	£81,000	£83,509	3% below HPI

3 THE BALK Price Paid vs. HPI Average

The below graph shows the average detached house price in the Blaby local authority area over time, sourced from the HPI. The two 3 THE BALK sales from March 1998 and June 2019 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 March 1998 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the June 2019 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 3 THE BALK be worth now?

3 THE BALK might now be worth an estimated £337,217.

This is based on house price inflation of 24.9%, between June 2019 and April 2026, for detached houses, in the Blaby local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 24.9% inflationary increase is applied to the most recent sale price for 3 THE BALK of £270,000 on 21st June 2019. For the value to have increased from £270,000 to £337,217 over the seven years and two months to April 2026, the following assumptions must hold true:

• The value of 3 THE BALK has moved in line with the HPI for detached houses in the Blaby local authority area.
• The June 2019 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of 3 THE BALK has not materially changed since June 2019.

How Large is 3 THE BALK?

3 THE BALK is 114m², which includes one extension, according to the EPC inspection conducted in April 2023. This puts it in the smallest 50% 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 3 THE BALK lies on this distribution: 48% of detached houses houses are smaller than 3 THE BALK, and 51% of houses are larger. Note that EPC data is not available for all properties in Leicester.

3 THE BALK: Plot and Title Map

3 THE BALK sits on a plot of roughly 0.130 of an acre, or 528m². The below map shows the location of 3 THE BALK, 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 3 THE BALK). 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 3 THE BALK?

3 THE BALK is located in GLENFIELD, in the LE3 postcode district. The below map shows the position of No. 3 on THE BALK.