1, ORCHID CLOSE, HAMILTON, LEICESTER, LE5 1SX - £217,500

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.

1 ORCHID CLOSE is a small extended detached house of 100m², built sometime between 1983 and 1990, which could now be worth an estimated £358,177. It was last sold for £217,500 in September 2015, which was around 7% below the average September 2015 detached price in the Leicester local authority area. The most recent EPC inspection was March 2014, where the current energy rating was D, and the potential energy rating was C.

1 ORCHID CLOSE Sold Prices

Land registry data shows three sales for 1 ORCHID 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 Leicester local authority area for the corresponding sale date. One of the three 1 ORCHID CLOSE sales was for below the average price, whilst two 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
2015 4 SEP	£217,500	£234,440	7% below HPI
2000 14 DEC	£113,000	£90,252	25% above HPI
1996 9 FEB	£82,000	£65,891	24% above HPI

1 ORCHID CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Leicester local authority area over time, sourced from the HPI. The three 1 ORCHID CLOSE sales between February 1996 and September 2015 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 December 2000 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the September 2015 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 1 ORCHID CLOSE be worth now?

1 ORCHID CLOSE might now be worth an estimated £358,177.

This is based on house price inflation of 64.7%, between September 2015 and February 2025, for detached houses, in the Leicester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 64.7% inflationary increase is applied to the most recent sale price for 1 ORCHID CLOSE of £217,500 on 4th September 2015. For the value to have increased from £217,500 to £358,177 over the ten years and seven months to February 2025, the following assumptions must hold true:

• The value of 1 ORCHID CLOSE has moved in line with the HPI for detached houses in the Leicester local authority area.
• The September 2015 sale price of £217,500 represented a fair market value for the property.
• The size, condition, and specification of 1 ORCHID CLOSE has not materially changed since September 2015.

How Large is 1 ORCHID CLOSE?

1 ORCHID CLOSE is 100m², which includes one extension, according to the EPC inspection conducted in March 2014. This puts it in the smallest 40% of detached houses houses in Leicester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Leicester, and where 1 ORCHID CLOSE lies on this distribution: 34% of detached houses houses are smaller than 1 ORCHID CLOSE, and 65% of houses are larger. Note that EPC data is not available for all properties in Leicester.

1 ORCHID CLOSE: Plot and Title Map

1 ORCHID CLOSE sits on a plot of roughly 0.082 of an acre, or 330m². The below map shows the location of 1 ORCHID 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 ORCHID 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 ORCHID CLOSE?

1 ORCHID CLOSE is located in HAMILTON, in the LE5 postcode district. The below map shows the position of No. 1 on ORCHID CLOSE.