2, MENDIP CLOSE, SHEPSHED, LOUGHBOROUGH, LE12 9EB - £230,000

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 MENDIP CLOSE is a large extended detached house of 117m², built sometime between 1967 and 1975, which could now be worth an estimated £298,421. It was last sold for £230,000 in August 2018, which was around 28% below the average August 2018 detached price in the Charnwood local authority area. The most recent EPC inspection was November 2010, where the current energy rating was D, and the potential energy rating was D.

2 MENDIP CLOSE Sold Prices

Land registry data shows four sales for 2 MENDIP CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Charnwood local authority area for the corresponding sale date. All of the four 2 MENDIP 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
2018 29 AUG	£230,000	£317,580	28% below HPI
2017 20 NOV	£159,000	£303,132	48% below HPI
2011 5 AUG	£210,000	£239,089	12% below HPI
1999 13 DEC	£100,000	£107,049	7% below HPI

2 MENDIP CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Charnwood local authority area over time, sourced from the HPI. The four 2 MENDIP CLOSE sales between December 1999 and August 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 2017 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the August 2018 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 2 MENDIP CLOSE be worth now?

2 MENDIP CLOSE might now be worth an estimated £298,421.

This is based on house price inflation of 29.7%, between August 2018 and December 2024, for detached houses, in the Charnwood local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 29.7% inflationary increase is applied to the most recent sale price for 2 MENDIP CLOSE of £230,000 on 29th August 2018. For the value to have increased from £230,000 to £298,421 over the five years and eight months to December 2024, the following assumptions must hold true:

• The value of 2 MENDIP CLOSE has moved in line with the HPI for detached houses in the Charnwood local authority area.
• The August 2018 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MENDIP CLOSE has not materially changed since August 2018.

How Large is 2 MENDIP CLOSE?

2 MENDIP CLOSE is 117m², which includes two extensions, according to the EPC inspection conducted in November 2010. This puts it in the largest 40% of detached houses houses in Shepshed, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shepshed, and where 2 MENDIP CLOSE lies on this distribution: 62% of detached houses houses are smaller than 2 MENDIP CLOSE, and 38% of houses are larger. Note that EPC data is not available for all properties in Shepshed.

2 MENDIP CLOSE: Plot and Title Map

2 MENDIP CLOSE sits on a plot of roughly 0.108 of an acre, or 437m². The below map shows the location of 2 MENDIP 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 MENDIP 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 MENDIP CLOSE?

2 MENDIP CLOSE is located in SHEPSHED, in the LE12 postcode district. The below map shows the position of No. 2 on MENDIP CLOSE.