2, GRANGE CLOSE, GLENFIELD, LEICESTER, LE3 8QE - £295,000

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

2 GRANGE CLOSE is a small detached house of 96m², built sometime between 1983 and 1990, which could now be worth an estimated £383,035. It was last sold for £295,000 in May 2018, which was around 3% below the average May 2018 detached price in the Blaby local authority area. The most recent EPC inspection was December 2017, where the current energy rating was C, and the potential energy rating was B.

2 GRANGE CLOSE Sold Prices

Land registry data shows two sales for 2 GRANGE 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 Blaby local authority area for the corresponding sale date. One of the two 2 GRANGE CLOSE sales was for below the average price, whilst the other was 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
2018 15 MAY	£295,000	£303,904	3% below HPI
2002 29 NOV	£185,000	£155,845	19% above HPI

2 GRANGE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Blaby local authority area over time, sourced from the HPI. The two 2 GRANGE CLOSE sales from November 2002 and May 2018 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 2002 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the May 2018 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 2 GRANGE CLOSE be worth now?

2 GRANGE CLOSE might now be worth an estimated £383,035.

This is based on house price inflation of 29.8%, between May 2018 and December 2024, for detached houses, in the Blaby local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 29.8% inflationary increase is applied to the most recent sale price for 2 GRANGE CLOSE of £295,000 on 15th May 2018. For the value to have increased from £295,000 to £383,035 over the five years and five months to December 2024, the following assumptions must hold true:

• The value of 2 GRANGE CLOSE has moved in line with the HPI for detached houses in the Blaby local authority area.
• The May 2018 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 2 GRANGE CLOSE has not materially changed since May 2018.

How Large is 2 GRANGE CLOSE?

2 GRANGE CLOSE is 96m² according to the EPC inspection conducted in December 2017. This puts it in the smallest 40% of detached houses houses in Leicester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Leicester, and where 2 GRANGE CLOSE lies on this distribution: 30% of detached houses houses are smaller than 2 GRANGE CLOSE, and 69% of houses are larger. Note that EPC data is not available for all properties in Leicester.

2 GRANGE CLOSE: Plot and Title Map

2 GRANGE CLOSE sits on a plot of roughly 0.166 of an acre, or 671m². The below map shows the location of 2 GRANGE 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 2 GRANGE 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 2 GRANGE CLOSE?

2 GRANGE CLOSE is located in GLENFIELD, in the LE3 postcode district. The below map shows the position of No. 2 on GRANGE CLOSE.