2, MEDWAY CLOSE, MARKET HARBOROUGH, LE16 8BU - £219,000

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 MEDWAY CLOSE is a small extended detached house of 96m², built sometime between 1996 and 2002. It was last sold for £219,000 in December 2006, which was around 17% below the average December 2006 detached price in the Harborough local authority area. The most recent EPC inspection was May 2020, where the current energy rating was C, and the potential energy rating was B.

2 MEDWAY CLOSE Sold Prices

Land registry data shows two sales for 2 MEDWAY 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 Harborough local authority area for the corresponding sale date. Both of the two 2 MEDWAY 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
2006 15 DEC	£219,000	£264,462	17% below HPI
2001 24 AUG	£122,500	£141,389	13% below HPI

2 MEDWAY CLOSE 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 two 2 MEDWAY CLOSE sales from August 2001 and December 2006 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 2001 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the December 2006 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 2 MEDWAY CLOSE be worth now?

2 MEDWAY CLOSE might now be worth an estimated £408,122.

This is based on house price inflation of 86.4%, between December 2006 and December 2024, 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 86.4% inflationary increase is applied to the most recent sale price for 2 MEDWAY CLOSE of £219,000 on 15th December 2006. For the value to have increased from £219,000 to £408,122 over the eighteen years to December 2024, the following assumptions must hold true:

• The value of 2 MEDWAY CLOSE has moved in line with the HPI for detached houses in the Harborough local authority area.
• The December 2006 sale price of £219,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MEDWAY CLOSE has not materially changed since December 2006.

How Large is 2 MEDWAY CLOSE?

2 MEDWAY CLOSE is 96m², which includes one extension, according to the EPC inspection conducted in May 2020. This puts it in the smallest 30% of detached houses houses in Market Harborough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Market Harborough, and where 2 MEDWAY CLOSE lies on this distribution: 23% of detached houses houses are smaller than 2 MEDWAY CLOSE, and 75% of houses are larger. Note that EPC data is not available for all properties in Market Harborough.

2 MEDWAY CLOSE: Plot and Title Map

2 MEDWAY CLOSE sits on a plot of roughly 0.057 of an acre, or 230m². The below map shows the location of 2 MEDWAY 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 MEDWAY 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 MEDWAY CLOSE?

2 MEDWAY CLOSE is located in MARKET HARBOROUGH, in the LE16 postcode district. The below map shows the position of No. 2 on MEDWAY CLOSE.