8, HOMEWAY CLOSE, SHEPSHED, LOUGHBOROUGH, LE12 9DX - £265,000

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.

8 HOMEWAY CLOSE is a large extended detached house of 132m², built sometime between 1976 and 1982, which could now be worth an estimated £422,806. It was last sold for £265,000 in August 2015, which was around 2% below the average August 2015 detached price in the Charnwood local authority area. The most recent EPC inspection was April 2015, where the current energy rating was C, and the potential energy rating was B.

8 HOMEWAY CLOSE Sold Prices

Land registry data shows two sales for 8 HOMEWAY 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. Both of the two 8 HOMEWAY 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 7 AUG	£265,000	£269,262	2% below HPI
2009 25 SEP	£200,000	£227,456	12% below HPI

8 HOMEWAY 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 8 HOMEWAY CLOSE sales from September 2009 and August 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 September 2009 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the August 2015 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 8 HOMEWAY CLOSE be worth now?

8 HOMEWAY CLOSE might now be worth an estimated £422,806.

This is based on house price inflation of 59.5%, between August 2015 and May 2026, 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 59.5% inflationary increase is applied to the most recent sale price for 8 HOMEWAY CLOSE of £265,000 on 7th August 2015. For the value to have increased from £265,000 to £422,806 over the eleven years and three months to May 2026, the following assumptions must hold true:

• The value of 8 HOMEWAY CLOSE has moved in line with the HPI for detached houses in the Charnwood local authority area.
• The August 2015 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of 8 HOMEWAY CLOSE has not materially changed since August 2015.

How Large is 8 HOMEWAY CLOSE?

8 HOMEWAY CLOSE is 132m², which includes one extension, according to the EPC inspection conducted in April 2015. This puts it in the largest 30% of detached houses houses in Shepshed, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shepshed, and where 8 HOMEWAY CLOSE lies on this distribution: 77% of detached houses houses are smaller than 8 HOMEWAY CLOSE, and 22% of houses are larger. Note that EPC data is not available for all properties in Shepshed.

8 HOMEWAY CLOSE: Plot and Title Map

8 HOMEWAY CLOSE sits on a plot of roughly 0.139 of an acre, or 563m². The below map shows the location of 8 HOMEWAY 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 8 HOMEWAY 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 8 HOMEWAY CLOSE?

8 HOMEWAY CLOSE is located in SHEPSHED, in the LE12 postcode district. The below map shows the position of No. 8 on HOMEWAY CLOSE.