16, SMYTH CLOSE, MARKET HARBOROUGH, LE16 7NS - £475,000

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 SMYTH CLOSE is a large extended detached house of 156m², built sometime between 1996 and 2002. It was last sold for £475,000 in July 2016, which was around 44% above the average July 2016 detached price in the Harborough local authority area. The most recent EPC inspection was April 2016, where the current energy rating was D, and the potential energy rating was C.

16 SMYTH CLOSE Sold Prices

Land registry data shows two sales for 16 SMYTH 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 Harborough local authority area for the corresponding sale date. Both of the two 16 SMYTH CLOSE 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
2016 5 JUL	£475,000	£329,603	44% above HPI
1996 1 NOV	£147,000	£86,944	69% above HPI

16 SMYTH 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 two 16 SMYTH CLOSE sales from November 1996 and July 2016 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 November 1996 sale was for 69% above the HPI. So the extrapolation line tracks at 69% above the HPI over time, until the July 2016 sale, where it falls to 44% above the HPI. The line then continues to track at 44% above the HPI.

What might 16 SMYTH CLOSE be worth now?

16 SMYTH CLOSE might now be worth an estimated £710,251.

This is based on house price inflation of 49.5%, between July 2016 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 49.5% inflationary increase is applied to the most recent sale price for 16 SMYTH CLOSE of £475,000 on 5th July 2016. For the value to have increased from £475,000 to £710,251 over the seven years and seven months to December 2024, the following assumptions must hold true:

• The value of 16 SMYTH CLOSE has moved in line with the HPI for detached houses in the Harborough local authority area.
• The July 2016 sale price of £475,000 represented a fair market value for the property.
• The size, condition, and specification of 16 SMYTH CLOSE has not materially changed since July 2016.

How Large is 16 SMYTH CLOSE?

16 SMYTH CLOSE is 156m², which includes one extension, according to the EPC inspection conducted in April 2016. This puts it in the largest 20% 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 SMYTH CLOSE lies on this distribution: 80% of detached houses houses are smaller than 16 SMYTH CLOSE, and 20% of houses are larger. Note that EPC data is not available for all properties in Market Harborough.

16 SMYTH CLOSE: Plot and Title Map

16 SMYTH CLOSE sits on a plot of roughly 0.109 of an acre, or 443m². The below map shows the location of 16 SMYTH 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 SMYTH 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 SMYTH CLOSE?

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