2, MONAR CLOSE, LEICESTER, LE4 7YE - £145,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

2 MONAR CLOSE is a small extended detached house of 95m², built sometime between 1950 and 1966. It was last sold for £145,000 in December 2010, which was around 28% below the average December 2010 detached price in the Leicester local authority area. The most recent EPC inspection was March 2014, where the current energy rating was D, and the potential energy rating was B.

2 MONAR CLOSE Sold Prices

Land registry data shows three sales for 2 MONAR 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. All of the three 2 MONAR 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
2010 14 DEC	£145,000	£200,921	28% below HPI
2001 2 MAR	£54,000	£93,914	43% below HPI
1996 8 JUL	£44,000	£67,837	35% below HPI

2 MONAR 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 MONAR CLOSE sales between July 1996 and December 2010 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 March 2001 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the December 2010 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 2 MONAR CLOSE?

2 MONAR CLOSE is 95m², which includes two extensions, according to the EPC inspection conducted in March 2014. This puts it in the smallest 30% 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 MONAR CLOSE lies on this distribution: 29% of detached houses are smaller than 2 MONAR CLOSE, and 70% of houses are larger. Note that EPC data is not available for all properties in Leicester.

2 MONAR CLOSE: Plot and Title Map

2 MONAR CLOSE sits on a plot of roughly 0.065 of an acre, or 263m². The below map shows the location of 2 MONAR 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 MONAR 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 MONAR CLOSE?

2 MONAR CLOSE is located in LEICESTER, in the LE4 postcode district. The below map shows the position of No. 2 on MONAR CLOSE.