2, MILL CLOSE, SAPCOTE, LEICESTER, LE9 4FW - £399,950

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 MILL CLOSE is a very small detached house of 88m², built sometime between 1976 and 1982, which could now be worth an estimated £397,211. It was last sold for £399,950 in September 2022, which was around 2% above the average September 2022 detached price in the Blaby local authority area. The most recent EPC inspection was December 2012, where the current energy rating was D, and the potential energy rating was B.

2 MILL CLOSE Sold Prices

Land registry data shows three sales for 2 MILL 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 Blaby local authority area for the corresponding sale date. One of the three 2 MILL CLOSE sales was for above the average price, whilst two 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
2022 6 SEP	£399,950	£392,944	2% above HPI
2013 16 AUG	£200,000	£218,370	8% below HPI
1997 5 AUG	£78,000	£84,117	7% below HPI

2 MILL 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 three 2 MILL CLOSE sales between August 1997 and September 2022 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 2013 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the September 2022 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might 2 MILL CLOSE be worth now?

2 MILL CLOSE might now be worth an estimated £397,211.

This is based on house price deflation of 0.7%, between September 2022 and February 2025, 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 0.7% deflationary decrease is applied to the most recent sale price for 2 MILL CLOSE of £399,950 on 6th September 2022. For the value to have decreased from £399,950 to £397,211 over the three years and seven months to February 2025, the following assumptions must hold true:

• The value of 2 MILL CLOSE has moved in line with the HPI for detached houses in the Blaby local authority area.
• The September 2022 sale price of £399,950 represented a fair market value for the property.
• The size, condition, and specification of 2 MILL CLOSE has not materially changed since September 2022.

How Large is 2 MILL CLOSE?

2 MILL CLOSE is 88m² according to the EPC inspection conducted in December 2012. This puts it in the smallest 20% of detached houses houses in Sapcote, based on EPC data. The below chart shows the distribution of detached houses houses by size in Sapcote, and where 2 MILL CLOSE lies on this distribution: 19% of detached houses houses are smaller than 2 MILL CLOSE, and 79% of houses are larger. Note that EPC data is not available for all properties in Sapcote.

2 MILL CLOSE: Plot and Title Map

2 MILL CLOSE sits on a plot of roughly 0.103 of an acre, or 416m². The below map shows the location of 2 MILL 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 MILL 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 MILL CLOSE?

2 MILL CLOSE is located in SAPCOTE, in the LE9 postcode district. The below map shows the position of No. 2 on MILL CLOSE.