15, MERTON WAY, KIBWORTH HARCOURT, LEICESTER, LE8 0NU - £550,000

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

15 MERTON WAY is a large detached house of 148m², built sometime between 1950 and 1966, which could now be worth an estimated £626,953. It was last sold for £550,000 in March 2022, which was around 27% above the average March 2022 detached price in the Harborough local authority area. The most recent EPC inspection was July 2018, where the current energy rating was D, and the potential energy rating was B.

15 MERTON WAY Sold Prices

Land registry data shows four sales for 15 MERTON WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Harborough local authority area for the corresponding sale date. All of the four 15 MERTON WAY 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
2022 31 MAR	£550,000	£432,352	27% above HPI
2018 6 SEP	£465,000	£370,834	25% above HPI
2005 9 SEP	£315,000	£256,217	23% above HPI
2001 9 NOV	£265,000	£144,130	84% above HPI

15 MERTON WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Harborough local authority area over time, sourced from the HPI. The four 15 MERTON WAY sales between November 2001 and March 2022 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 September 2018 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the March 2022 sale, where it rises to 27% above the HPI. The line then continues to track at 27% above the HPI.

What might 15 MERTON WAY be worth now?

15 MERTON WAY might now be worth an estimated £626,953.

This is based on house price inflation of 14%, between March 2022 and December 2024, for detached houses, in the Harborough local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14% inflationary increase is applied to the most recent sale price for 15 MERTON WAY of £550,000 on 31st March 2022. For the value to have increased from £550,000 to £626,953 over the one year and three months to December 2024, the following assumptions must hold true:

• The value of 15 MERTON WAY has moved in line with the HPI for detached houses in the Harborough local authority area.
• The March 2022 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of 15 MERTON WAY has not materially changed since March 2022.

How Large is 15 MERTON WAY?

15 MERTON WAY is 148m² according to the EPC inspection conducted in July 2018. This puts it in the largest 40% of detached houses houses in Kibworth Harcourt, based on EPC data. The below chart shows the distribution of detached houses houses by size in Kibworth Harcourt, and where 15 MERTON WAY lies on this distribution: 63% of detached houses houses are smaller than 15 MERTON WAY, and 35% of houses are larger. Note that EPC data is not available for all properties in Kibworth Harcourt.

15 MERTON WAY: Plot and Title Map

15 MERTON WAY sits on a plot of roughly 0.239 of an acre, or 968m². The below map shows the location of 15 MERTON WAY, 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 15 MERTON WAY). 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 15 MERTON WAY?

15 MERTON WAY is located in KIBWORTH HARCOURT, in the LE8 postcode district. The below map shows the position of No. 15 on MERTON WAY.