16, MONROE CLOSE, MARKET HARBOROUGH, LE16 7QN - £330,000

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

16 MONROE CLOSE is a very large detached house of 183m², built sometime between 1996 and 2002. It was last sold for £330,000 in March 2012, which was around 27% above the average March 2012 detached price in the Harborough local authority area. The most recent EPC inspection was March 2012, where the current energy rating was D, and the potential energy rating was C.

16 MONROE CLOSE Sold Prices

Land registry data shows three sales for 16 MONROE 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 Harborough local authority area for the corresponding sale date. Two of the three 16 MONROE CLOSE sales were for above the average price, whilst one was 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
2012 30 MAR	£330,000	£260,385	27% above HPI
2009 7 OCT	£320,000	£245,886	30% above HPI
2000 26 MAY	£112,950	£122,231	8% below HPI

16 MONROE CLOSE 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 three 16 MONROE CLOSE sales between May 2000 and March 2012 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 2009 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the March 2012 sale, where it falls to 27% above the HPI. The line then continues to track at 27% above the HPI.

What might 16 MONROE CLOSE be worth now?

16 MONROE CLOSE might now be worth an estimated £624,608.

This is based on house price inflation of 89.3%, between March 2012 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 89.3% inflationary increase is applied to the most recent sale price for 16 MONROE CLOSE of £330,000 on 30th March 2012. For the value to have increased from £330,000 to £624,608 over the eleven years and three months to December 2024, the following assumptions must hold true:

• The value of 16 MONROE CLOSE has moved in line with the HPI for detached houses in the Harborough local authority area.
• The March 2012 sale price of £330,000 represented a fair market value for the property.
• The size, condition, and specification of 16 MONROE CLOSE has not materially changed since March 2012.

How Large is 16 MONROE CLOSE?

16 MONROE CLOSE is 183m² according to the EPC inspection conducted in March 2012. This puts it in the largest 10% of detached houses houses in Market Harborough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Market Harborough, and where 16 MONROE CLOSE lies on this distribution: 91% of detached houses houses are smaller than 16 MONROE CLOSE, and 9% of houses are larger. Note that EPC data is not available for all properties in Market Harborough.

16 MONROE CLOSE: Plot and Title Map

16 MONROE CLOSE sits on a plot of roughly 0.131 of an acre, or 532m². The below map shows the location of 16 MONROE 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 MONROE 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 MONROE CLOSE?

16 MONROE CLOSE is located in MARKET HARBOROUGH, in the LE16 postcode district. The below map shows the position of No. 16 on MONROE CLOSE.