8, THE BALK, GLENFIELD, LEICESTER, LE3 8BL - £182,500

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 THE BALK is a small extended semi-detached house of 92m², built sometime between 1930 and 1949, which could now be worth an estimated £267,270. It was last sold for £182,500 in October 2016, which was around 4% above the average October 2016 semi-detached price in the Blaby local authority area. The most recent EPC inspection was August 2012, where the current energy rating was E, and the potential energy rating was C.

8 THE BALK Sold Prices

Land registry data shows four sales for 8 THE BALK since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Blaby local authority area for the corresponding sale date. All of the four 8 THE BALK 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
2016 21 OCT	£182,500	£175,960	4% above HPI
2013 30 MAY	£155,000	£140,665	10% above HPI
2005 14 OCT	£154,500	£141,103	9% above HPI
2003 12 JUN	£128,000	£113,843	12% above HPI

8 THE BALK Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Blaby local authority area over time, sourced from the HPI. The four 8 THE BALK sales between June 2003 and October 2016 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 2013 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the October 2016 sale, where it falls to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might 8 THE BALK be worth now?

8 THE BALK might now be worth an estimated £267,270.

This is based on house price inflation of 46.4%, between October 2016 and May 2026, for semi-detached 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 46.4% inflationary increase is applied to the most recent sale price for 8 THE BALK of £182,500 on 21st October 2016. For the value to have increased from £182,500 to £267,270 over the ten years and five months to May 2026, the following assumptions must hold true:

• The value of 8 THE BALK has moved in line with the HPI for semi-detached houses in the Blaby local authority area.
• The October 2016 sale price of £182,500 represented a fair market value for the property.
• The size, condition, and specification of 8 THE BALK has not materially changed since October 2016.

How Large is 8 THE BALK?

8 THE BALK is 92m², which includes one extension, according to the EPC inspection conducted in August 2012. This puts it in the smallest 30% of semi-detached houses houses in Leicester, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Leicester, and where 8 THE BALK lies on this distribution: 26% of semi-detached houses houses are smaller than 8 THE BALK, and 73% of houses are larger. Note that EPC data is not available for all properties in Leicester.

8 THE BALK: Plot and Title Map

8 THE BALK sits on a plot of roughly 0.107 of an acre, or 435m². The below map shows the location of 8 THE BALK, 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 THE BALK). 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 THE BALK?

8 THE BALK is located in GLENFIELD, in the LE3 postcode district. The below map shows the position of No. 8 on THE BALK.