7, HOMESTEAD CLOSE, COSSINGTON, LEICESTER, LE7 4UN - £445,000

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.

7 HOMESTEAD CLOSE is a small extended detached house of 139m², built sometime between 1967 and 1975, which could now be worth an estimated £580,522. It was last sold for £445,000 in October 2018, which was around 39% above the average October 2018 detached price in the Charnwood local authority area. The most recent EPC inspection was June 2018, where the current energy rating was C, and the potential energy rating was B.

7 HOMESTEAD CLOSE Sold Prices

Land registry data shows two sales for 7 HOMESTEAD 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 Charnwood local authority area for the corresponding sale date. One of the two 7 HOMESTEAD CLOSE sales was for above the average price, whilst the other was 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
2018 16 OCT	£445,000	£319,055	39% above HPI
2010 13 JAN	£210,000	£237,624	12% below HPI

7 HOMESTEAD CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Charnwood local authority area over time, sourced from the HPI. The two 7 HOMESTEAD CLOSE sales from January 2010 and October 2018 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 January 2010 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the October 2018 sale, where it rises to 39% above the HPI. The line then continues to track at 39% above the HPI.

What might 7 HOMESTEAD CLOSE be worth now?

7 HOMESTEAD CLOSE might now be worth an estimated £580,522.

This is based on house price inflation of 30.5%, between October 2018 and February 2025, for detached 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 30.5% inflationary increase is applied to the most recent sale price for 7 HOMESTEAD CLOSE of £445,000 on 16th October 2018. For the value to have increased from £445,000 to £580,522 over the seven years and eight months to February 2025, the following assumptions must hold true:

• The value of 7 HOMESTEAD CLOSE has moved in line with the HPI for detached houses in the Charnwood local authority area.
• The October 2018 sale price of £445,000 represented a fair market value for the property.
• The size, condition, and specification of 7 HOMESTEAD CLOSE has not materially changed since October 2018.

How Large is 7 HOMESTEAD CLOSE?

7 HOMESTEAD CLOSE is 139m², which includes one extension, according to the EPC inspection conducted in June 2018. This puts it in the smallest 40% of detached houses houses in Cossington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cossington, and where 7 HOMESTEAD CLOSE lies on this distribution: 36% of detached houses houses are smaller than 7 HOMESTEAD CLOSE, and 64% of houses are larger. Note that EPC data is not available for all properties in Cossington.

7 HOMESTEAD CLOSE: Plot and Title Map

7 HOMESTEAD CLOSE sits on a plot of roughly 0.146 of an acre, or 590m². The below map shows the location of 7 HOMESTEAD 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 7 HOMESTEAD 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 7 HOMESTEAD CLOSE?

7 HOMESTEAD CLOSE is located in COSSINGTON, in the LE7 postcode district. The below map shows the position of No. 7 on HOMESTEAD CLOSE.