2, TOWNEND CLOSE, LUTTERWORTH, LE17 4ZB - £350,000

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 TOWNEND CLOSE is a large detached house of 127m², which could now be worth an estimated £435,837. It was last sold for £350,000 in November 2018, which was around 10% below the average November 2018 detached price in the Harborough local authority area. The most recent EPC inspection was August 2016, where the current energy rating was B, and the potential energy rating was A.

2 TOWNEND CLOSE Sold Prices

Land registry data shows two sales for 2 TOWNEND 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 Harborough local authority area for the corresponding sale date. Both of the two 2 TOWNEND 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
2018 28 NOV	£350,000	£389,767	10% below HPI
2016 26 AUG	£333,995	£336,747	1% below HPI

2 TOWNEND CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Harborough local authority area over time, sourced from the HPI. The two 2 TOWNEND CLOSE sales from August 2016 and November 2018 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 August 2016 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the November 2018 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 2 TOWNEND CLOSE be worth now?

2 TOWNEND CLOSE might now be worth an estimated £435,837.

This is based on house price inflation of 24.5%, between November 2018 and February 2025, for detached houses, in the Harborough local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 24.5% inflationary increase is applied to the most recent sale price for 2 TOWNEND CLOSE of £350,000 on 28th November 2018. For the value to have increased from £350,000 to £435,837 over the seven years and nine months to February 2025, the following assumptions must hold true:

• The value of 2 TOWNEND CLOSE has moved in line with the HPI for detached houses in the Harborough local authority area.
• The November 2018 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 2 TOWNEND CLOSE has not materially changed since November 2018.

How Large is 2 TOWNEND CLOSE?

2 TOWNEND CLOSE is 127m² according to the EPC inspection conducted in August 2016. This puts it in the largest 40% of detached houses houses in Lutterworth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lutterworth, and where 2 TOWNEND CLOSE lies on this distribution: 65% of detached houses houses are smaller than 2 TOWNEND CLOSE, and 32% of houses are larger. Note that EPC data is not available for all properties in Lutterworth.

2 TOWNEND CLOSE: Plot and Title Map

2 TOWNEND CLOSE sits on a plot of roughly 0.073 of an acre, or 297m². The below map shows the location of 2 TOWNEND 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 TOWNEND 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 TOWNEND CLOSE?

2 TOWNEND CLOSE is located in LUTTERWORTH, in the LE17 postcode district. The below map shows the position of No. 2 on TOWNEND CLOSE.