5, IRIS CLOSE, MOUNTSORREL, LOUGHBOROUGH, LE12 7FT - £212,000

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 IRIS CLOSE is a very small terraced house of 79m², built sometime between 1996 and 2002, which could now be worth an estimated £274,791. It was last sold for £212,000 in October 2019, which was around 27% above the average October 2019 terraced price in the Charnwood local authority area. The most recent EPC inspection was June 2019, where the current energy rating was C, and the potential energy rating was B.

5 IRIS CLOSE Sold Prices

Land registry data shows three sales for 5 IRIS 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 Charnwood local authority area for the corresponding sale date. All of the three 5 IRIS CLOSE sales 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
2019 30 OCT	£212,000	£167,464	27% above HPI
2019 29 JUL	£212,500	£162,228	31% above HPI
1996 28 JUN	£57,500	£38,213	50% above HPI

5 IRIS CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Charnwood local authority area over time, sourced from the HPI. The three 5 IRIS CLOSE sales between June 1996 and October 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 July 2019 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the October 2019 sale, where it falls to 27% above the HPI. The line then continues to track at 27% above the HPI.

What might 5 IRIS CLOSE be worth now?

5 IRIS CLOSE might now be worth an estimated £274,791.

This is based on house price inflation of 29.6%, between October 2019 and April 2026, for terraced houses, in the Charnwood local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 29.6% inflationary increase is applied to the most recent sale price for 5 IRIS CLOSE of £212,000 on 30th October 2019. For the value to have increased from £212,000 to £274,791 over the seven years and six months to April 2026, the following assumptions must hold true:

• The value of 5 IRIS CLOSE has moved in line with the HPI for terraced houses in the Charnwood local authority area.
• The October 2019 sale price of £212,000 represented a fair market value for the property.
• The size, condition, and specification of 5 IRIS CLOSE has not materially changed since October 2019.

How Large is 5 IRIS CLOSE?

5 IRIS CLOSE is 79m² according to the EPC inspection conducted in June 2019. This puts it in the smallest 20% of terraced houses houses in Mountsorrel, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Mountsorrel, and where 5 IRIS CLOSE lies on this distribution: 11% of terraced houses houses are smaller than 5 IRIS CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Mountsorrel.

5 IRIS CLOSE: Plot and Title Map

5 IRIS CLOSE sits on a plot of roughly 0.042 of an acre, or 168m². The below map shows the location of 5 IRIS 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 IRIS 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 IRIS CLOSE?

5 IRIS CLOSE is located in MOUNTSORREL, in the LE12 postcode district. The below map shows the position of No. 5 on IRIS CLOSE.