2, MARGAM CLOSE, LEICESTER, LE3 9EU - £295,000

2 MARGAM CLOSE is a midsized extended detached house of 107m², built sometime between 1996 and 2002. It was last sold for £295,000 in October 2019, which was around 5% below the average October 2019 detached price in the Leicester local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was B.

2 MARGAM CLOSE Sold Prices

Land registry data shows three sales for 2 MARGAM 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 Leicester local authority area for the corresponding sale date. One of the three 2 MARGAM CLOSE sales was for below the average price, whilst two 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
2019 9 OCT	£295,000	£312,026	5% below HPI
2014 8 AUG	£227,500	£224,096	2% above HPI
2001 28 SEP	£137,950	£106,853	29% above HPI

2 MARGAM CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Leicester local authority area over time, sourced from the HPI. The three 2 MARGAM CLOSE sales between September 2001 and October 2019 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 August 2014 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the October 2019 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 2 MARGAM CLOSE?

2 MARGAM CLOSE is 107m², which includes one extension, according to the EPC inspection conducted in April 2015. This puts it in the smallest 50% of detached houses in Leicester, based on EPC data. The below chart shows the distribution of detached houses by size in Leicester, and where 2 MARGAM CLOSE lies on this distribution: 41% of detached houses are smaller than 2 MARGAM CLOSE, and 58% of houses are larger. Note that EPC data is not available for all properties in Leicester.

2 MARGAM CLOSE: Plot and Title Map

2 MARGAM CLOSE sits on a plot of roughly 0.103 of an acre, or 419m². The below map shows the location of 2 MARGAM 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 MARGAM 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 MARGAM CLOSE?

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