8, MALLOW CLOSE, HAMILTON, LEICESTER, LE5 1UY - £245,000

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 MALLOW CLOSE is a very small terraced house of 77m², built sometime between 1976 and 1982, which could now be worth an estimated £260,060. It was last sold for £245,000 in June 2022, which was around 25% above the average June 2022 terraced price in the Leicester local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was B.

8 MALLOW CLOSE Sold Prices

Land registry data shows three sales for 8 MALLOW 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 Leicester local authority area for the corresponding sale date. All of the three 8 MALLOW 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
2022 6 JUN	£245,000	£195,708	25% above HPI
2016 25 MAY	£175,000	£127,704	37% above HPI
1995 10 MAR	£54,500	£32,710	67% above HPI

8 MALLOW CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Leicester local authority area over time, sourced from the HPI. The three 8 MALLOW CLOSE sales between March 1995 and June 2022 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 May 2016 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the June 2022 sale, where it falls to 25% above the HPI. The line then continues to track at 25% above the HPI.

What might 8 MALLOW CLOSE be worth now?

8 MALLOW CLOSE might now be worth an estimated £260,060.

This is based on house price inflation of 6.1%, between June 2022 and May 2026, for terraced 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 6.1% inflationary increase is applied to the most recent sale price for 8 MALLOW CLOSE of £245,000 on 6th June 2022. For the value to have increased from £245,000 to £260,060 over the four years and one month to May 2026, the following assumptions must hold true:

• The value of 8 MALLOW CLOSE has moved in line with the HPI for terraced houses in the Leicester local authority area.
• The June 2022 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 8 MALLOW CLOSE has not materially changed since June 2022.

How Large is 8 MALLOW CLOSE?

8 MALLOW CLOSE is 77m² according to the EPC inspection conducted in June 2015. This puts it in the smallest 20% of terraced houses houses in Leicester, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Leicester, and where 8 MALLOW CLOSE lies on this distribution: 11% of terraced houses houses are smaller than 8 MALLOW CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Leicester.

8 MALLOW CLOSE: Plot and Title Map

8 MALLOW CLOSE sits on a plot of roughly 0.060 of an acre, or 241m². The below map shows the location of 8 MALLOW 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 MALLOW 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 MALLOW CLOSE?

8 MALLOW CLOSE is located in HAMILTON, in the LE5 postcode district. The below map shows the position of No. 8 on MALLOW CLOSE.