47, OUTWOOD CLOSE, LEICESTER, LE3 6PF - £140,000

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.

47 OUTWOOD CLOSE is a small detached house of 87m², built sometime between 1967 and 1975, which could now be worth an estimated £160,803. It was last sold for £140,000 in March 2021, which was around 58% below the average March 2021 detached price in the Leicester local authority area. The most recent EPC inspection was October 2020, where the current energy rating was C, and the potential energy rating was B.

47 OUTWOOD CLOSE Sold Prices

Land registry data shows two sales for 47 OUTWOOD CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Leicester local authority area for the corresponding sale date. Both of the two 47 OUTWOOD 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
2021 9 MAR	£140,000	£336,127	58% below HPI
2001 30 APR	£24,500	£95,012	74% below HPI

47 OUTWOOD CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Leicester local authority area over time, sourced from the HPI. The two 47 OUTWOOD CLOSE sales from April 2001 and March 2021 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 April 2001 sale was for 74% below the HPI. So the extrapolation line tracks at 74% below the HPI over time, until the March 2021 sale, where it rises to 58% below the HPI. The line then continues to track at 58% below the HPI.

What might 47 OUTWOOD CLOSE be worth now?

47 OUTWOOD CLOSE might now be worth an estimated £160,803.

This is based on house price inflation of 14.9%, between March 2021 and February 2025, for detached houses, in the Leicester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14.9% inflationary increase is applied to the most recent sale price for 47 OUTWOOD CLOSE of £140,000 on 9th March 2021. For the value to have increased from £140,000 to £160,803 over the four years and one month to February 2025, the following assumptions must hold true:

• The value of 47 OUTWOOD CLOSE has moved in line with the HPI for detached houses in the Leicester local authority area.
• The March 2021 sale price of £140,000 represented a fair market value for the property.
• The size, condition, and specification of 47 OUTWOOD CLOSE has not materially changed since March 2021.

How Large is 47 OUTWOOD CLOSE?

47 OUTWOOD CLOSE is 87m² according to the EPC inspection conducted in October 2020. This puts it in the smallest 30% 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 47 OUTWOOD CLOSE lies on this distribution: 20% of detached houses houses are smaller than 47 OUTWOOD CLOSE, and 79% of houses are larger. Note that EPC data is not available for all properties in Leicester.

47 OUTWOOD CLOSE: Plot and Title Map

47 OUTWOOD CLOSE sits on a plot of roughly 0.048 of an acre, or 193m². The below map shows the location of 47 OUTWOOD 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 47 OUTWOOD 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 47 OUTWOOD CLOSE?

47 OUTWOOD CLOSE is located in LEICESTER, in the LE3 postcode district. The below map shows the position of No. 47 on OUTWOOD CLOSE.