5, ELDER CLOSE, LEICESTER, LE3 9QY - £273,000

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.

5 ELDER CLOSE is a large detached house of 142m², built sometime between 2003 and 2006, which could now be worth an estimated £390,247. It was last sold for £273,000 in December 2017, which was around 1% below the average December 2017 detached price in the Leicester local authority area. The most recent EPC inspection was January 2009, where the current energy rating was C, and the potential energy rating was C.

5 ELDER CLOSE Sold Prices

Land registry data shows two sales for 5 ELDER 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. One of the two 5 ELDER CLOSE sales was for below the average price, whilst the other was 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
2017 1 DEC	£273,000	£276,619	1% below HPI
2004 4 JUN	£242,500	£186,858	30% above HPI

5 ELDER 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 5 ELDER CLOSE sales from June 2004 and December 2017 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 June 2004 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the December 2017 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 5 ELDER CLOSE be worth now?

5 ELDER CLOSE might now be worth an estimated £390,247.

This is based on house price inflation of 42.9%, between December 2017 and April 2026, 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 42.9% inflationary increase is applied to the most recent sale price for 5 ELDER CLOSE of £273,000 on 1st December 2017. For the value to have increased from £273,000 to £390,247 over the nine years and eight months to April 2026, the following assumptions must hold true:

• The value of 5 ELDER CLOSE has moved in line with the HPI for detached houses in the Leicester local authority area.
• The December 2017 sale price of £273,000 represented a fair market value for the property.
• The size, condition, and specification of 5 ELDER CLOSE has not materially changed since December 2017.

How Large is 5 ELDER CLOSE?

5 ELDER CLOSE is 142m² according to the EPC inspection conducted in January 2009. This puts it in the largest 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 5 ELDER CLOSE lies on this distribution: 72% of detached houses houses are smaller than 5 ELDER CLOSE, and 28% of houses are larger. Note that EPC data is not available for all properties in Leicester.

5 ELDER CLOSE: Plot and Title Map

5 ELDER CLOSE sits on a plot of roughly 0.082 of an acre, or 331m². The below map shows the location of 5 ELDER 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 5 ELDER 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 5 ELDER CLOSE?

5 ELDER CLOSE is located in LEICESTER, in the LE3 postcode district. The below map shows the position of No. 5 on ELDER CLOSE.