2, OAK CLOSE, LOUGHBOROUGH, LE11 2SQ - £335,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 OAK CLOSE is a small extended detached house of 90m², built sometime between 1996 and 2002, which could now be worth an estimated £334,337. It was last sold for £335,000 in November 2022, which was around 20% below the average November 2022 detached price in the Charnwood local authority area. The most recent EPC inspection was March 2022, where the current energy rating was C, and the potential energy rating was B.

2 OAK CLOSE Sold Prices

Land registry data shows three sales for 2 OAK 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 OAK 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
2022 25 NOV	£335,000	£417,047	20% below HPI
2000 16 JUN	£110,500	£111,403	1% below HPI
1999 24 FEB	£89,950	£94,502	5% below HPI

2 OAK 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 OAK CLOSE sales between February 1999 and November 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 June 2000 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the November 2022 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 2 OAK CLOSE be worth now?

2 OAK CLOSE might now be worth an estimated £334,337.

This is based on house price deflation of 0.2%, between November 2022 and February 2025, 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 0.2% deflationary decrease is applied to the most recent sale price for 2 OAK CLOSE of £335,000 on 25th November 2022. For the value to have decreased from £335,000 to £334,337 over the three years and nine months to February 2025, the following assumptions must hold true:

• The value of 2 OAK CLOSE has moved in line with the HPI for detached houses in the Charnwood local authority area.
• The November 2022 sale price of £335,000 represented a fair market value for the property.
• The size, condition, and specification of 2 OAK CLOSE has not materially changed since November 2022.

How Large is 2 OAK CLOSE?

2 OAK CLOSE is 90m², which includes one extension, according to the EPC inspection conducted in March 2022. 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 OAK CLOSE lies on this distribution: 24% of detached houses houses are smaller than 2 OAK CLOSE, and 75% of houses are larger. Note that EPC data is not available for all properties in Loughborough.

2 OAK CLOSE: Plot and Title Map

2 OAK CLOSE sits on a plot of roughly 0.085 of an acre, or 343m². The below map shows the location of 2 OAK 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 OAK 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 OAK CLOSE?

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