16, OTTER CLOSE, IBSTOCK, LE67 6AQ - £193,000

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 OTTER CLOSE is a very small semi-detached house of 56m², built sometime between 2007 and 2011, which could now be worth an estimated £202,696. It was last sold for £193,000 in September 2023, which was around 17% below the average September 2023 semi-detached price in the North West Leicestershire local authority area. The most recent EPC inspection was February 2023, where the current energy rating was C, and the potential energy rating was A.

16 OTTER CLOSE Sold Prices

Land registry data shows three sales for 16 OTTER CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the North West Leicestershire local authority area for the corresponding sale date. All of the three 16 OTTER 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
2023 1 SEP	£193,000	£231,465	17% below HPI
2019 10 APR	£142,500	£185,444	23% below HPI
2012 30 NOV	£116,000	£134,089	13% below HPI

16 OTTER CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the North West Leicestershire local authority area over time, sourced from the HPI. The three 16 OTTER CLOSE sales between November 2012 and September 2023 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 April 2019 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the September 2023 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 16 OTTER CLOSE be worth now?

16 OTTER CLOSE might now be worth an estimated £202,696.

This is based on house price inflation of 5%, between September 2023 and December 2024, for semi-detached houses, in the North West Leicestershire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 5% inflationary increase is applied to the most recent sale price for 16 OTTER CLOSE of £193,000 on 1st September 2023. For the value to have increased from £193,000 to £202,696 over the nine months to December 2024, the following assumptions must hold true:

• The value of 16 OTTER CLOSE has moved in line with the HPI for semi-detached houses in the North West Leicestershire local authority area.
• The September 2023 sale price of £193,000 represented a fair market value for the property.
• The size, condition, and specification of 16 OTTER CLOSE has not materially changed since September 2023.

How Large is 16 OTTER CLOSE?

16 OTTER CLOSE is 56m² according to the EPC inspection conducted in February 2023. This puts it in the smallest 10% of semi-detached houses houses in Ibstock, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Ibstock, and where 16 OTTER CLOSE lies on this distribution: 2% of semi-detached houses houses are smaller than 16 OTTER CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Ibstock.

16 OTTER CLOSE: Plot and Title Map

16 OTTER CLOSE sits on a plot of roughly 0.029 of an acre, or 119m². The below map shows the location of 16 OTTER 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 OTTER 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 OTTER CLOSE?

16 OTTER CLOSE is located in IBSTOCK, in the LE67 postcode district. The below map shows the position of No. 16 on OTTER CLOSE.