1, BUTTERCUP CLOSE, NARBOROUGH, LEICESTER, LE19 3DW - £229,000

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 BUTTERCUP CLOSE is a very small detached house of 63m², built sometime between 1983 and 1990, which could now be worth an estimated £283,130. It was last sold for £229,000 in February 2020, which was around 27% below the average February 2020 detached price in the Blaby local authority area. The most recent EPC inspection was August 2012, where the current energy rating was D, and the potential energy rating was B.

1 BUTTERCUP CLOSE Sold Prices

Land registry data shows three sales for 1 BUTTERCUP CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Blaby local authority area for the corresponding sale date. All of the three 1 BUTTERCUP CLOSE sales were for below 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
2020 14 FEB	£229,000	£315,643	27% below HPI
2013 8 FEB	£147,500	£213,586	31% below HPI
2007 29 JAN	£160,000	£220,530	27% below HPI

1 BUTTERCUP CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Blaby local authority area over time, sourced from the HPI. The three 1 BUTTERCUP CLOSE sales between January 2007 and February 2020 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 February 2013 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the February 2020 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 1 BUTTERCUP CLOSE be worth now?

1 BUTTERCUP CLOSE might now be worth an estimated £283,130.

This is based on house price inflation of 23.6%, between February 2020 and February 2025, for 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 23.6% inflationary increase is applied to the most recent sale price for 1 BUTTERCUP CLOSE of £229,000 on 14th February 2020. For the value to have increased from £229,000 to £283,130 over the five years to February 2025, the following assumptions must hold true:

• The value of 1 BUTTERCUP CLOSE has moved in line with the HPI for detached houses in the Blaby local authority area.
• The February 2020 sale price of £229,000 represented a fair market value for the property.
• The size, condition, and specification of 1 BUTTERCUP CLOSE has not materially changed since February 2020.

How Large is 1 BUTTERCUP CLOSE?

1 BUTTERCUP CLOSE is 63m² according to the EPC inspection conducted in August 2012. This puts it in the smallest 10% of detached houses houses in Narborough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Narborough, and where 1 BUTTERCUP CLOSE lies on this distribution: 3% of detached houses houses are smaller than 1 BUTTERCUP CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Narborough.

1 BUTTERCUP CLOSE: Plot and Title Map

1 BUTTERCUP CLOSE sits on a plot of roughly 0.058 of an acre, or 234m². The below map shows the location of 1 BUTTERCUP 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 1 BUTTERCUP 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 1 BUTTERCUP CLOSE?

1 BUTTERCUP CLOSE is located in NARBOROUGH, in the LE19 postcode district. The below map shows the position of No. 1 on BUTTERCUP CLOSE.