18, THE CHASE, GREAT GLEN, LEICESTER, LE8 9EQ - £355,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

18 THE CHASE is a midsized extended detached house of 124m², built sometime between 1967 and 1975, which could now be worth an estimated £439,302. It was last sold for £355,000 in July 2020, which was around 9% below the average July 2020 detached price in the Harborough local authority area. The most recent EPC inspection was September 2019, where the current energy rating was C, and the potential energy rating was C.

18 THE CHASE Sold Prices

Land registry data shows three sales for 18 THE CHASE 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. All of the three 18 THE CHASE 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
2020 21 JUL	£355,000	£392,217	9% below HPI
2020 9 JAN	£290,000	£401,062	28% below HPI
2016 19 MAY	£235,000	£318,684	26% below HPI

18 THE CHASE 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 18 THE CHASE sales between May 2016 and July 2020 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 2020 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the July 2020 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 18 THE CHASE be worth now?

18 THE CHASE might now be worth an estimated £439,302.

This is based on house price inflation of 23.7%, between July 2020 and February 2025, 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 23.7% inflationary increase is applied to the most recent sale price for 18 THE CHASE of £355,000 on 21st July 2020. For the value to have increased from £355,000 to £439,302 over the five years and five months to February 2025, the following assumptions must hold true:

• The value of 18 THE CHASE has moved in line with the HPI for detached houses in the Harborough local authority area.
• The July 2020 sale price of £355,000 represented a fair market value for the property.
• The size, condition, and specification of 18 THE CHASE has not materially changed since July 2020.

How Large is 18 THE CHASE?

18 THE CHASE is 124m², which includes four extensions, according to the EPC inspection conducted in September 2019. This puts it in the smallest 50% of detached houses houses in Great Glen, based on EPC data. The below chart shows the distribution of detached houses houses by size in Great Glen, and where 18 THE CHASE lies on this distribution: 44% of detached houses houses are smaller than 18 THE CHASE, and 56% of houses are larger. Note that EPC data is not available for all properties in Great Glen.

18 THE CHASE: Plot and Title Map

18 THE CHASE sits on a plot of roughly 0.080 of an acre, or 325m². The below map shows the location of 18 THE CHASE, 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 18 THE CHASE). 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 18 THE CHASE?

18 THE CHASE is located in GREAT GLEN, in the LE8 postcode district. The below map shows the position of No. 18 on THE CHASE.