2, LAUD CLOSE, IBSTOCK, LE67 6NL - £165,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 LAUD CLOSE is a very small detached house of 59m², built sometime between 1950 and 1966. It was last sold for £165,000 in January 2016, which was around 32% below the average January 2016 detached price in the North West Leicestershire local authority area. The most recent EPC inspection was October 2015, where the current energy rating was D, and the potential energy rating was B.

2 LAUD CLOSE Sold Prices

Land registry data shows three sales for 2 LAUD CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North West Leicestershire local authority area for the corresponding sale date. All of the three 2 LAUD 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
2016 28 JAN	£165,000	£241,772	32% below HPI
2014 6 JUN	£113,000	£223,337	49% below HPI
1997 19 DEC	£43,000	£78,487	45% below HPI

2 LAUD CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North West Leicestershire local authority area over time, sourced from the HPI. The three 2 LAUD CLOSE sales between December 1997 and January 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 June 2014 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the January 2016 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 2 LAUD CLOSE?

2 LAUD CLOSE is 59m² according to the EPC inspection conducted in October 2015. This puts it in the smallest 10% of detached houses in Ibstock, based on EPC data. The below chart shows the distribution of detached houses by size in Ibstock, and where 2 LAUD CLOSE lies on this distribution: 2% of detached houses are smaller than 2 LAUD CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Ibstock.

2 LAUD CLOSE: Plot and Title Map

2 LAUD CLOSE sits on a plot of roughly 0.047 of an acre, or 190m². The below map shows the location of 2 LAUD 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 LAUD 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 LAUD CLOSE?

2 LAUD CLOSE is located in IBSTOCK, in the LE67 postcode district. The below map shows the position of No. 2 on LAUD CLOSE.