1, ELM CLOSE, GROBY, LEICESTER, LE6 0ES - £250,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 ELM CLOSE is a small extended detached house of 97m², built sometime between 1976 and 1982, which could now be worth an estimated £323,268. It was last sold for £250,000 in September 2018, which was around 15% below the average September 2018 detached price in the Hinckley and Bosworth local authority area. The most recent EPC inspection was July 2018, where the current energy rating was C, and the potential energy rating was B.

1 ELM CLOSE Sold Prices

Land registry data shows two sales for 1 ELM CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Hinckley and Bosworth local authority area for the corresponding sale date. Both of the two 1 ELM 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
2018 14 SEP	£250,000	£295,268	15% below HPI
2015 8 JUL	£170,000	£232,802	27% below HPI

1 ELM CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Hinckley and Bosworth local authority area over time, sourced from the HPI. The two 1 ELM CLOSE sales from July 2015 and September 2018 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 July 2015 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the September 2018 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 1 ELM CLOSE be worth now?

1 ELM CLOSE might now be worth an estimated £323,268.

This is based on house price inflation of 29.3%, between September 2018 and December 2024, for detached houses, in the Hinckley and Bosworth local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 29.3% inflationary increase is applied to the most recent sale price for 1 ELM CLOSE of £250,000 on 14th September 2018. For the value to have increased from £250,000 to £323,268 over the five years and nine months to December 2024, the following assumptions must hold true:

• The value of 1 ELM CLOSE has moved in line with the HPI for detached houses in the Hinckley and Bosworth local authority area.
• The September 2018 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 1 ELM CLOSE has not materially changed since September 2018.

How Large is 1 ELM CLOSE?

1 ELM CLOSE is 97m², which includes one extension, according to the EPC inspection conducted in July 2018. This puts it in the smallest 40% of detached houses houses in Groby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Groby, and where 1 ELM CLOSE lies on this distribution: 38% of detached houses houses are smaller than 1 ELM CLOSE, and 61% of houses are larger. Note that EPC data is not available for all properties in Groby.

1 ELM CLOSE: Plot and Title Map

1 ELM CLOSE sits on a plot of roughly 0.127 of an acre, or 512m². The below map shows the location of 1 ELM 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 ELM 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 ELM CLOSE?

1 ELM CLOSE is located in GROBY, in the LE6 postcode district. The below map shows the position of No. 1 on ELM CLOSE.