8, ROYCE CLOSE, THORPE ASTLEY, LEICESTER, LE3 3UF - £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.

8 ROYCE CLOSE is a very small terraced house of 54m², built sometime between 2003 and 2006, which could now be worth an estimated £206,436. It was last sold for £165,000 in November 2019, which was around 5% below the average November 2019 terraced price in the Blaby local authority area. The most recent EPC inspection was August 2019, where the current energy rating was C, and the potential energy rating was B.

8 ROYCE CLOSE Sold Prices

Land registry data shows five sales for 8 ROYCE CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Blaby local authority area for the corresponding sale date. The five 8 ROYCE CLOSE sales were a mix of below the average price, roughly equal to the average price, and 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
2019 1 NOV	£165,000	£173,931	5% below HPI
2007 27 APR	£132,500	£132,010	Close to HPI
2003 27 JUN	£99,500	£93,916	6% above HPI
2001 16 MAR	£62,000	£58,042	7% above HPI
1998 28 AUG	£54,350	£44,254	23% above HPI

8 ROYCE CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Blaby local authority area over time, sourced from the HPI. The five 8 ROYCE CLOSE sales between August 1998 and November 2019 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 April 2007 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the November 2019 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 8 ROYCE CLOSE be worth now?

8 ROYCE CLOSE might now be worth an estimated £206,436.

This is based on house price inflation of 25.1%, between November 2019 and May 2026, for terraced houses, in the Blaby local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 25.1% inflationary increase is applied to the most recent sale price for 8 ROYCE CLOSE of £165,000 on 1st November 2019. For the value to have increased from £165,000 to £206,436 over the seven years and six months to May 2026, the following assumptions must hold true:

• The value of 8 ROYCE CLOSE has moved in line with the HPI for terraced houses in the Blaby local authority area.
• The November 2019 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 8 ROYCE CLOSE has not materially changed since November 2019.

How Large is 8 ROYCE CLOSE?

8 ROYCE CLOSE is 54m² according to the EPC inspection conducted in August 2019. This puts it in the smallest 10% 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 ROYCE CLOSE lies on this distribution: 1% of terraced houses houses are smaller than 8 ROYCE CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Leicester.

8 ROYCE CLOSE: Plot and Title Map

8 ROYCE CLOSE sits on a plot of roughly 0.040 of an acre, or 160m². The below map shows the location of 8 ROYCE 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 ROYCE 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 ROYCE CLOSE?

8 ROYCE CLOSE is located in THORPE ASTLEY, in the LE3 postcode district. The below map shows the position of No. 8 on ROYCE CLOSE.