7, PARHAM CLOSE, LEICESTER, LE3 9ER - £165,000

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 PARHAM CLOSE is a small detached house of 87m², built sometime between 1983 and 1990, which could now be worth an estimated £322,279. It was last sold for £165,000 in August 2005, which was around 17% below the average August 2005 detached price in the Leicester local authority area. The most recent EPC inspection was November 2015, where the current energy rating was D, and the potential energy rating was B.

7 PARHAM CLOSE Sold Prices

Land registry data shows four sales for 7 PARHAM CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Leicester local authority area for the corresponding sale date. All of the four 7 PARHAM 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
2005 19 AUG	£165,000	£198,444	17% below HPI
2005 7 FEB	£155,000	£194,540	20% below HPI
2002 20 DEC	£138,000	£144,445	4% below HPI
2000 3 MAR	£79,950	£82,359	3% below HPI

7 PARHAM 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 four 7 PARHAM CLOSE sales between March 2000 and August 2005 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 February 2005 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the August 2005 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 7 PARHAM CLOSE be worth now?

7 PARHAM CLOSE might now be worth an estimated £322,279.

This is based on house price inflation of 95.3%, between August 2005 and May 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 95.3% inflationary increase is applied to the most recent sale price for 7 PARHAM CLOSE of £165,000 on 19th August 2005. For the value to have increased from £165,000 to £322,279 over the 21 years and three months to May 2026, the following assumptions must hold true:

• The value of 7 PARHAM CLOSE has moved in line with the HPI for detached houses in the Leicester local authority area.
• The August 2005 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 7 PARHAM CLOSE has not materially changed since August 2005.

How Large is 7 PARHAM CLOSE?

7 PARHAM CLOSE is 87m² according to the EPC inspection conducted in November 2015. 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 7 PARHAM CLOSE lies on this distribution: 20% of detached houses houses are smaller than 7 PARHAM CLOSE, and 79% of houses are larger. Note that EPC data is not available for all properties in Leicester.

7 PARHAM CLOSE: Plot and Title Map

7 PARHAM CLOSE sits on a plot of roughly 0.055 of an acre, or 222m². The below map shows the location of 7 PARHAM 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 PARHAM 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 PARHAM CLOSE?

7 PARHAM CLOSE is located in LEICESTER, in the LE3 postcode district. The below map shows the position of No. 7 on PARHAM CLOSE.