5, GRESLEY CLOSE, LEICESTER, LE4 0SE - £96,000

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 GRESLEY CLOSE is a very small terraced house of 78m², built sometime between 1976 and 1982, which could now be worth an estimated £165,889. It was last sold for £96,000 in September 2015, which was around 22% below the average September 2015 terraced price in the Leicester local authority area. The most recent EPC inspection was September 2021, where the current energy rating was C, and the potential energy rating was B.

5 GRESLEY CLOSE Sold Prices

Land registry data shows three sales for 5 GRESLEY 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 Leicester local authority area for the corresponding sale date. All of the three 5 GRESLEY 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
2015 17 SEP	£96,000	£122,793	22% below HPI
2008 23 DEC	£67,000	£102,577	35% below HPI
2002 10 DEC	£58,000	£67,023	13% below HPI

5 GRESLEY CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Leicester local authority area over time, sourced from the HPI. The three 5 GRESLEY CLOSE sales between December 2002 and September 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 December 2008 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the September 2015 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 5 GRESLEY CLOSE be worth now?

5 GRESLEY CLOSE might now be worth an estimated £165,889.

This is based on house price inflation of 72.8%, between September 2015 and April 2026, for terraced 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 72.8% inflationary increase is applied to the most recent sale price for 5 GRESLEY CLOSE of £96,000 on 17th September 2015. For the value to have increased from £96,000 to £165,889 over the eleven years and five months to April 2026, the following assumptions must hold true:

• The value of 5 GRESLEY CLOSE has moved in line with the HPI for terraced houses in the Leicester local authority area.
• The September 2015 sale price of £96,000 represented a fair market value for the property.
• The size, condition, and specification of 5 GRESLEY CLOSE has not materially changed since September 2015.

How Large is 5 GRESLEY CLOSE?

5 GRESLEY CLOSE is 78m² according to the EPC inspection conducted in September 2021. This puts it in the smallest 20% of terraced houses houses in Leicester, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Leicester, and where 5 GRESLEY CLOSE lies on this distribution: 12% of terraced houses houses are smaller than 5 GRESLEY CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Leicester.

5 GRESLEY CLOSE: Plot and Title Map

5 GRESLEY CLOSE sits on a plot of roughly 0.048 of an acre, or 195m². The below map shows the location of 5 GRESLEY 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 GRESLEY 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 GRESLEY CLOSE?

5 GRESLEY CLOSE is located in LEICESTER, in the LE4 postcode district. The below map shows the position of No. 5 on GRESLEY CLOSE.