1, MERE CLOSE, MOUNTSORREL, LOUGHBOROUGH, LE12 7BP - £320,000

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.

1 MERE CLOSE is a small detached house of 99m², built sometime between 1983 and 1990, which could now be worth an estimated £389,246. It was last sold for £320,000 in February 2021, which was around 9% below the average February 2021 detached price in the Charnwood local authority area. The most recent EPC inspection was July 2020, where the current energy rating was B, and the potential energy rating was B.

1 MERE CLOSE Sold Prices

Land registry data shows one sale for 1 MERE CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the Charnwood local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2021 19 FEB	£320,000	£353,180	9% below HPI

What might 1 MERE CLOSE be worth now?

1 MERE CLOSE might now be worth an estimated £389,246.

This is based on house price inflation of 21.6%, between February 2021 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 21.6% inflationary increase is applied to the most recent sale price for 1 MERE CLOSE of £320,000 on 19th February 2021. For the value to have increased from £320,000 to £389,246 over the four years and nine months to May 2026, the following assumptions must hold true:

• The value of 1 MERE CLOSE has moved in line with the HPI for detached houses in the Charnwood local authority area.
• The February 2021 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of 1 MERE CLOSE has not materially changed since February 2021.

How Large is 1 MERE CLOSE?

1 MERE CLOSE is 99m² according to the EPC inspection conducted in July 2020. This puts it in the smallest 40% of detached houses in Mountsorrel, based on EPC data. The below chart shows the distribution of detached houses by size in Mountsorrel, and where 1 MERE CLOSE lies on this distribution: 38% of detached houses are smaller than 1 MERE CLOSE, and 62% of detached houses are larger. Note that EPC data is not available for all properties in Mountsorrel.

1 MERE CLOSE: Plot

1 MERE CLOSE sits on a plot of roughly 0.114 of an acre, or 460m².

Where is 1 MERE CLOSE?

1 MERE CLOSE is located in MOUNTSORREL, in the LE12 postcode district.