1, THE ELMS, MARKFIELD, LE67 9SZ - £242,000

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 THE ELMS is a small detached house of 94m², built sometime between 1996 and 2002, which could now be worth an estimated £420,444. It was last sold for £242,000 in June 2007, which was around 10% above the average June 2007 detached price in the Hinckley and Bosworth local authority area. The most recent EPC inspection was April 2023, where the current energy rating was C, and the potential energy rating was B.

1 THE ELMS Sold Prices

Land registry data shows three sales for 1 THE ELMS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Hinckley and Bosworth local authority area for the corresponding sale date. All of the three 1 THE ELMS sales 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
2007 29 JUN	£242,000	£219,759	10% above HPI
2003 31 JAN	£215,000	£161,113	33% above HPI
2000 20 MAR	£137,000	£92,851	48% above HPI

1 THE ELMS 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 three 1 THE ELMS sales between March 2000 and June 2007 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 January 2003 sale was for 33% above the HPI. So the extrapolation line tracks at 33% above the HPI over time, until the June 2007 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might 1 THE ELMS be worth now?

1 THE ELMS might now be worth an estimated £420,444.

This is based on house price inflation of 73.7%, between June 2007 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 73.7% inflationary increase is applied to the most recent sale price for 1 THE ELMS of £242,000 on 29th June 2007. For the value to have increased from £242,000 to £420,444 over the sixteen years and six months to December 2024, the following assumptions must hold true:

• The value of 1 THE ELMS has moved in line with the HPI for detached houses in the Hinckley and Bosworth local authority area.
• The June 2007 sale price of £242,000 represented a fair market value for the property.
• The size, condition, and specification of 1 THE ELMS has not materially changed since June 2007.

How Large is 1 THE ELMS?

1 THE ELMS is 94m² according to the EPC inspection conducted in April 2023. This puts it in the smallest 40% of detached houses houses in Markfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Markfield, and where 1 THE ELMS lies on this distribution: 37% of detached houses houses are smaller than 1 THE ELMS, and 63% of houses are larger. Note that EPC data is not available for all properties in Markfield.

1 THE ELMS: Plot and Title Map

1 THE ELMS sits on a plot of roughly 0.137 of an acre, or 556m². The below map shows the location of 1 THE ELMS, 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 THE ELMS). 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 THE ELMS?

1 THE ELMS is located in MARKFIELD, in the LE67 postcode district. The below map shows the position of No. 1 on THE ELMS.