17, PATERSON PLACE, SHEPSHED, LOUGHBOROUGH, LE12 9RU - £146,500

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

17 PATERSON PLACE is a small detached house of 84m², built sometime between 1967 and 1975, which could now be worth an estimated £256,199. It was last sold for £146,500 in October 2004, which was around 38% below the average October 2004 detached price in the Charnwood local authority area. The most recent EPC inspection was September 2014, where the current energy rating was E, and the potential energy rating was C.

17 PATERSON PLACE Sold Prices

Land registry data shows two sales for 17 PATERSON PLACE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Charnwood local authority area for the corresponding sale date. Both of the two 17 PATERSON PLACE 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
2004 15 OCT	£146,500	£235,621	38% below HPI
1997 21 SEP	£52,000	£89,672	42% below HPI

17 PATERSON PLACE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Charnwood local authority area over time, sourced from the HPI. The two 17 PATERSON PLACE sales from September 1997 and October 2004 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 September 1997 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the October 2004 sale, where it rises to 38% below the HPI. The line then continues to track at 38% below the HPI.

What might 17 PATERSON PLACE be worth now?

17 PATERSON PLACE might now be worth an estimated £256,199.

This is based on house price inflation of 74.9%, between October 2004 and December 2024, for detached houses, in the Charnwood local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 74.9% inflationary increase is applied to the most recent sale price for 17 PATERSON PLACE of £146,500 on 15th October 2004. For the value to have increased from £146,500 to £256,199 over the nineteen years and ten months to December 2024, the following assumptions must hold true:

• The value of 17 PATERSON PLACE has moved in line with the HPI for detached houses in the Charnwood local authority area.
• The October 2004 sale price of £146,500 represented a fair market value for the property.
• The size, condition, and specification of 17 PATERSON PLACE has not materially changed since October 2004.

How Large is 17 PATERSON PLACE?

17 PATERSON PLACE is 84m² according to the EPC inspection conducted in September 2014. This puts it in the smallest 30% of detached houses houses in Shepshed, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shepshed, and where 17 PATERSON PLACE lies on this distribution: 20% of detached houses houses are smaller than 17 PATERSON PLACE, and 79% of houses are larger. Note that EPC data is not available for all properties in Shepshed.

17 PATERSON PLACE: Plot and Title Map

17 PATERSON PLACE sits on a plot of roughly 0.087 of an acre, or 353m². The below map shows the location of 17 PATERSON PLACE, 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 17 PATERSON PLACE). 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 17 PATERSON PLACE?

17 PATERSON PLACE is located in SHEPSHED, in the LE12 postcode district. The below map shows the position of No. 17 on PATERSON PLACE.