2, MODEL FARM CLOSE, LOUGHBOROUGH, LE11 3QE - £319,250

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 MODEL FARM CLOSE is a small extended detached house of 88m², built sometime between 1967 and 1975, which could now be worth an estimated £316,299. It was last sold for £319,250 in August 2023, which was around 23% below the average August 2023 detached price in the Charnwood local authority area. The most recent EPC inspection was March 2023, where the current energy rating was D, and the potential energy rating was B.

2 MODEL FARM CLOSE Sold Prices

Land registry data shows three sales for 2 MODEL FARM 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 Charnwood local authority area for the corresponding sale date. All of the three 2 MODEL FARM 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
2023 25 AUG	£319,250	£415,898	23% below HPI
2016 13 JUL	£280,000	£283,185	1% below HPI
2007 14 DEC	£185,000	£254,432	27% below HPI

2 MODEL FARM 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 three 2 MODEL FARM CLOSE sales between December 2007 and August 2023 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 July 2016 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the August 2023 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 2 MODEL FARM CLOSE be worth now?

2 MODEL FARM CLOSE might now be worth an estimated £316,299.

This is based on house price deflation of 0.9%, between August 2023 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 0.9% deflationary decrease is applied to the most recent sale price for 2 MODEL FARM CLOSE of £319,250 on 25th August 2023. For the value to have decreased from £319,250 to £316,299 over the eight months to December 2024, the following assumptions must hold true:

• The value of 2 MODEL FARM CLOSE has moved in line with the HPI for detached houses in the Charnwood local authority area.
• The August 2023 sale price of £319,250 represented a fair market value for the property.
• The size, condition, and specification of 2 MODEL FARM CLOSE has not materially changed since August 2023.

How Large is 2 MODEL FARM CLOSE?

2 MODEL FARM CLOSE is 88m², which includes two extensions, according to the EPC inspection conducted in March 2023. This puts it in the smallest 30% of detached houses houses in Loughborough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Loughborough, and where 2 MODEL FARM CLOSE lies on this distribution: 21% of detached houses houses are smaller than 2 MODEL FARM CLOSE, and 78% of houses are larger. Note that EPC data is not available for all properties in Loughborough.

2 MODEL FARM CLOSE: Plot and Title Map

2 MODEL FARM CLOSE sits on a plot of roughly 0.178 of an acre, or 719m². The below map shows the location of 2 MODEL FARM 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 MODEL FARM 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 MODEL FARM CLOSE?

2 MODEL FARM CLOSE is located in LOUGHBOROUGH, in the LE11 postcode district. The below map shows the position of No. 2 on MODEL FARM CLOSE.