11, MERE CLOSE, MOUNTSORREL, LOUGHBOROUGH, LE12 7BP - £254,000

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.

11 MERE CLOSE is a very small detached house of 80m², built sometime between 1991 and 1995, which could now be worth an estimated £345,053. It was last sold for £254,000 in May 2018, which was around 20% below the average May 2018 detached price in the Charnwood local authority area. The most recent EPC inspection was January 2018, where the current energy rating was D, and the potential energy rating was B.

11 MERE CLOSE Sold Prices

Land registry data shows one sale for 11 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
2018 25 MAY	£254,000	£316,241	20% below HPI

What might 11 MERE CLOSE be worth now?

11 MERE CLOSE might now be worth an estimated £345,053.

This is based on house price inflation of 35.8%, between May 2018 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 35.8% inflationary increase is applied to the most recent sale price for 11 MERE CLOSE of £254,000 on 25th May 2018. For the value to have increased from £254,000 to £345,053 over the eight years to May 2026, the following assumptions must hold true:

• The value of 11 MERE CLOSE has moved in line with the HPI for detached houses in the Charnwood local authority area.
• The May 2018 sale price of £254,000 represented a fair market value for the property.
• The size, condition, and specification of 11 MERE CLOSE has not materially changed since May 2018.

How Large is 11 MERE CLOSE?

11 MERE CLOSE is 80m² according to the EPC inspection conducted in January 2018. This puts it in the smallest 20% of detached houses in Mountsorrel, based on EPC data. The below chart shows the distribution of detached houses by size in Mountsorrel, and where 11 MERE CLOSE lies on this distribution: 11% of detached houses are smaller than 11 MERE CLOSE, and 88% of detached houses are larger. Note that EPC data is not available for all properties in Mountsorrel.

11 MERE CLOSE: Plot

11 MERE CLOSE sits on a plot of roughly 0.127 of an acre, or 513m².

Where is 11 MERE CLOSE?

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