2, PARES CLOSE, WHITWICK, COALVILLE, LE67 5HY - £396,500

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 PARES CLOSE is a very large detached house of 140m², built sometime between 1996 and 2002, which could now be worth an estimated £411,015. It was last sold for £396,500 in September 2022, which was around 5% above the average September 2022 detached price in the North West Leicestershire local authority area. The most recent EPC inspection was July 2022, where the current energy rating was C, and the potential energy rating was B.

2 PARES CLOSE Sold Prices

Land registry data shows two sales for 2 PARES 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 North West Leicestershire local authority area for the corresponding sale date. Both of the two 2 PARES CLOSE sales were for above 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 3 SEP	£396,500	£378,973	5% above HPI
1996 25 MAR	£89,000	£73,601	21% above HPI

2 PARES CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North West Leicestershire local authority area over time, sourced from the HPI. The two 2 PARES CLOSE sales from March 1996 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 March 1996 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the September 2022 sale, where it falls to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 2 PARES CLOSE be worth now?

2 PARES CLOSE might now be worth an estimated £411,015.

This is based on house price inflation of 3.7%, between September 2022 and December 2024, for detached houses, in the North West Leicestershire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.7% inflationary increase is applied to the most recent sale price for 2 PARES CLOSE of £396,500 on 3rd September 2022. For the value to have increased from £396,500 to £411,015 over the one year and nine months to December 2024, the following assumptions must hold true:

• The value of 2 PARES CLOSE has moved in line with the HPI for detached houses in the North West Leicestershire local authority area.
• The September 2022 sale price of £396,500 represented a fair market value for the property.
• The size, condition, and specification of 2 PARES CLOSE has not materially changed since September 2022.

How Large is 2 PARES CLOSE?

2 PARES CLOSE is 140m² according to the EPC inspection conducted in July 2022. This puts it in the largest 20% of detached houses houses in Whitwick, based on EPC data. The below chart shows the distribution of detached houses houses by size in Whitwick, and where 2 PARES CLOSE lies on this distribution: 88% of detached houses houses are smaller than 2 PARES CLOSE, and 11% of houses are larger. Note that EPC data is not available for all properties in Whitwick.

2 PARES CLOSE: Plot and Title Map

2 PARES CLOSE sits on a plot of roughly 0.088 of an acre, or 355m². The below map shows the location of 2 PARES 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 PARES 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 PARES CLOSE?

2 PARES CLOSE is located in WHITWICK, in the LE67 postcode district. The below map shows the position of No. 2 on PARES CLOSE.