15, WATTS CLOSE, LEICESTER, LE4 0PS - £157,000

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 WATTS CLOSE is a small detached house of 98m², built sometime between 1967 and 1975, which could now be worth an estimated £295,269. It was last sold for £157,000 in August 2008, which was around 24% below the average August 2008 detached price in the Leicester local authority area. The most recent EPC inspection was November 2024, where the current energy rating was E, and the potential energy rating was B.

15 WATTS CLOSE Sold Prices

Land registry data shows two sales for 15 WATTS 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 Leicester local authority area for the corresponding sale date. Both of the two 15 WATTS 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
2008 5 AUG	£157,000	£205,532	24% below HPI
1997 31 OCT	£54,000	£70,382	23% below HPI

15 WATTS 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 two 15 WATTS CLOSE sales from October 1997 and August 2008 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 October 1997 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the August 2008 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 15 WATTS CLOSE be worth now?

15 WATTS CLOSE might now be worth an estimated £295,269.

This is based on house price inflation of 88.1%, between August 2008 and December 2024, 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 88.1% inflationary increase is applied to the most recent sale price for 15 WATTS CLOSE of £157,000 on 5th August 2008. For the value to have increased from £157,000 to £295,269 over the fifteen years and eight months to December 2024, the following assumptions must hold true:

• The value of 15 WATTS CLOSE has moved in line with the HPI for detached houses in the Leicester local authority area.
• The August 2008 sale price of £157,000 represented a fair market value for the property.
• The size, condition, and specification of 15 WATTS CLOSE has not materially changed since August 2008.

How Large is 15 WATTS CLOSE?

15 WATTS CLOSE is 98m² according to the EPC inspection conducted in November 2024. 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 15 WATTS CLOSE lies on this distribution: 32% of detached houses houses are smaller than 15 WATTS CLOSE, and 67% of houses are larger. Note that EPC data is not available for all properties in Leicester.

15 WATTS CLOSE: Plot and Title Map

15 WATTS CLOSE sits on a plot of roughly 0.061 of an acre, or 246m². The below map shows the location of 15 WATTS 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 15 WATTS 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 15 WATTS CLOSE?

15 WATTS CLOSE is located in LEICESTER, in the LE4 postcode district. The below map shows the position of No. 15 on WATTS CLOSE.