8, LOBELIA CLOSE, BURBAGE, HINCKLEY, LE10 2UL - £160,000

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 LOBELIA CLOSE is a very small semi-detached house of 45m², built sometime between 1967 and 1975, which could now be worth an estimated £211,852. It was last sold for £160,000 in May 2020, which was around 16% below the average May 2020 semi-detached price in the Hinckley and Bosworth local authority area. The most recent EPC inspection was March 2020, where the current energy rating was D, and the potential energy rating was B.

8 LOBELIA CLOSE Sold Prices

Land registry data shows three sales for 8 LOBELIA CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Hinckley and Bosworth local authority area for the corresponding sale date. All of the three 8 LOBELIA 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
2020 6 MAY	£160,000	£191,013	16% below HPI
2002 23 AUG	£68,000	£87,369	22% below HPI
1998 10 AUG	£46,000	£51,262	10% below HPI

8 LOBELIA CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Hinckley and Bosworth local authority area over time, sourced from the HPI. The three 8 LOBELIA CLOSE sales between August 1998 and May 2020 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 August 2002 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the May 2020 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 8 LOBELIA CLOSE be worth now?

8 LOBELIA CLOSE might now be worth an estimated £211,852.

This is based on house price inflation of 32.4%, between May 2020 and May 2026, for semi-detached houses, in the Hinckley and Bosworth local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 32.4% inflationary increase is applied to the most recent sale price for 8 LOBELIA CLOSE of £160,000 on 6th May 2020. For the value to have increased from £160,000 to £211,852 over the six years to May 2026, the following assumptions must hold true:

• The value of 8 LOBELIA CLOSE has moved in line with the HPI for semi-detached houses in the Hinckley and Bosworth local authority area.
• The May 2020 sale price of £160,000 represented a fair market value for the property.
• The size, condition, and specification of 8 LOBELIA CLOSE has not materially changed since May 2020.

How Large is 8 LOBELIA CLOSE?

8 LOBELIA CLOSE is 45m² according to the EPC inspection conducted in March 2020. This puts it in the smallest 10% of semi-detached houses houses in Hinckley, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Hinckley, and where 8 LOBELIA CLOSE lies on this distribution: Less than 1% of semi-detached houses houses are smaller than 8 LOBELIA CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Hinckley.

8 LOBELIA CLOSE: Plot and Title Map

8 LOBELIA CLOSE sits on a plot of roughly 0.029 of an acre, or 116m². The below map shows the location of 8 LOBELIA 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 LOBELIA 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 LOBELIA CLOSE?

8 LOBELIA CLOSE is located in BURBAGE, in the LE10 postcode district. The below map shows the position of No. 8 on LOBELIA CLOSE.