4, CHERRY GROVE, GREAT GLEN, LEICESTER, LE8 9ES - £175,000

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.

4 CHERRY GROVE is a very small semi-detached house of 71m², built sometime between 1991 and 1995, which could now be worth an estimated £277,471. It was last sold for £175,000 in February 2015, which was around 8% below the average February 2015 semi-detached price in the Harborough local authority area. The most recent EPC inspection was August 2014, where the current energy rating was C, and the potential energy rating was B.

4 CHERRY GROVE Sold Prices

Land registry data shows three sales for 4 CHERRY GROVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Harborough local authority area for the corresponding sale date. One of the three 4 CHERRY GROVE sales was for below the average price, whilst two 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 27 FEB	£175,000	£190,825	8% below HPI
2004 19 OCT	£160,000	£153,832	4% above HPI
1999 22 OCT	£75,000	£66,306	13% above HPI

4 CHERRY GROVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Harborough local authority area over time, sourced from the HPI. The three 4 CHERRY GROVE sales between October 1999 and February 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 October 2004 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the February 2015 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 4 CHERRY GROVE be worth now?

4 CHERRY GROVE might now be worth an estimated £277,471.

This is based on house price inflation of 58.6%, between February 2015 and May 2026, for semi-detached 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 58.6% inflationary increase is applied to the most recent sale price for 4 CHERRY GROVE of £175,000 on 27th February 2015. For the value to have increased from £175,000 to £277,471 over the ten years and nine months to May 2026, the following assumptions must hold true:

• The value of 4 CHERRY GROVE has moved in line with the HPI for semi-detached houses in the Harborough local authority area.
• The February 2015 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 4 CHERRY GROVE has not materially changed since February 2015.

How Large is 4 CHERRY GROVE?

4 CHERRY GROVE is 71m² according to the EPC inspection conducted in August 2014. This puts it in the smallest 10% of semi-detached houses houses in Great Glen, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Great Glen, and where 4 CHERRY GROVE lies on this distribution: 4% of semi-detached houses houses are smaller than 4 CHERRY GROVE, and 96% of houses are larger. Note that EPC data is not available for all properties in Great Glen.

4 CHERRY GROVE: Plot and Title Map

4 CHERRY GROVE sits on a plot of roughly 0.063 of an acre, or 254m². The below map shows the location of 4 CHERRY GROVE, 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 4 CHERRY GROVE). 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 4 CHERRY GROVE?

4 CHERRY GROVE is located in GREAT GLEN, in the LE8 postcode district. The below map shows the position of No. 4 on CHERRY GROVE.