2, OLD MERE CLOSE, SAPCOTE, LEICESTER, LE9 4GD - £305,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 OLD MERE CLOSE is a small detached house of 89m². It was last sold for £305,000 in August 2022, which was around 24% below the average August 2022 detached price in the Blaby local authority area. The most recent EPC inspection was April 2019, where the current energy rating was B, and the potential energy rating was A.

2 OLD MERE CLOSE Sold Prices

Land registry data shows two sales for 2 OLD MERE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Blaby local authority area for the corresponding sale date. Both of the two 2 OLD MERE 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 12 AUG	£305,000	£398,810	24% below HPI
2019 10 MAY	£264,950	£316,828	16% below HPI

2 OLD MERE 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 two 2 OLD MERE CLOSE sales from May 2019 and August 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 May 2019 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the August 2022 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 2 OLD MERE CLOSE?

2 OLD MERE CLOSE is 89m² according to the EPC inspection conducted in April 2019. This puts it in the smallest 30% of detached houses in Sapcote, based on EPC data. The below chart shows the distribution of detached houses by size in Sapcote, and where 2 OLD MERE CLOSE lies on this distribution: 21% of detached houses are smaller than 2 OLD MERE CLOSE, and 76% of houses are larger. Note that EPC data is not available for all properties in Sapcote.

2 OLD MERE CLOSE: Plot and Title Map

2 OLD MERE CLOSE sits on a plot of roughly 0.053 of an acre, or 216m². The below map shows the location of 2 OLD MERE 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 OLD MERE 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 OLD MERE CLOSE?

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