16, FALCON CLOSE, OTLEY, LS21 3EG - £355,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

16 FALCON CLOSE is a large extended detached house of 122m², built sometime between 1967 and 1975. It was last sold for £355,000 in January 2021, which was around 5% below the average January 2021 detached price in the Leeds local authority area. The most recent EPC inspection was September 2019, where the current energy rating was D, and the potential energy rating was C.

16 FALCON CLOSE Sold Prices

Land registry data shows three sales for 16 FALCON 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 Leeds local authority area for the corresponding sale date. All of the three 16 FALCON 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
2021 6 JAN	£355,000	£374,898	5% below HPI
2004 16 JAN	£195,000	£201,666	3% below HPI
1999 23 JUL	£99,950	£103,775	4% below HPI

16 FALCON CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Leeds local authority area over time, sourced from the HPI. The three 16 FALCON CLOSE sales between July 1999 and January 2021 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 2004 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the January 2021 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 16 FALCON CLOSE?

16 FALCON CLOSE is 122m², which includes one extension, according to the EPC inspection conducted in September 2019. This puts it in the largest 40% of detached houses in Otley, based on EPC data. The below chart shows the distribution of detached houses by size in Otley, and where 16 FALCON CLOSE lies on this distribution: 60% of detached houses are smaller than 16 FALCON CLOSE, and 39% of houses are larger. Note that EPC data is not available for all properties in Otley.

16 FALCON CLOSE: Plot and Title Map

16 FALCON CLOSE sits on a plot of roughly 0.085 of an acre, or 342m². The below map shows the location of 16 FALCON 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 16 FALCON 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 16 FALCON CLOSE?

16 FALCON CLOSE is located in OTLEY, in the LS21 postcode district. The below map shows the position of No. 16 on FALCON CLOSE.