22, RHODES CLOSE, MARKET HARBOROUGH, LE16 9FB - £265,000

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

22 RHODES CLOSE is a very small detached house of 82m², built sometime between 1996 and 2002. It was last sold for £265,000 in July 2016, which was around 20% below the average July 2016 detached price in the Harborough local authority area. The most recent EPC inspection was April 2012, where the current energy rating was D, and the potential energy rating was C.

22 RHODES CLOSE Sold Prices

Land registry data shows three sales for 22 RHODES 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 Harborough local authority area for the corresponding sale date. All of the three 22 RHODES 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
2016 1 JUL	£265,000	£329,603	20% below HPI
2010 9 JUL	£222,000	£270,615	18% below HPI
1999 19 FEB	£88,000	£107,755	18% below HPI

22 RHODES 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 three 22 RHODES CLOSE sales between February 1999 and July 2016 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 July 2010 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the July 2016 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 22 RHODES CLOSE be worth now?

22 RHODES CLOSE might now be worth an estimated £396,245.

This is based on house price inflation of 49.5%, between July 2016 and December 2024, 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 49.5% inflationary increase is applied to the most recent sale price for 22 RHODES CLOSE of £265,000 on 1st July 2016. For the value to have increased from £265,000 to £396,245 over the seven years and seven months to December 2024, the following assumptions must hold true:

• The value of 22 RHODES CLOSE has moved in line with the HPI for detached houses in the Harborough local authority area.
• The July 2016 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of 22 RHODES CLOSE has not materially changed since July 2016.

How Large is 22 RHODES CLOSE?

22 RHODES CLOSE is 82m² according to the EPC inspection conducted in April 2012. This puts it in the smallest 20% of detached houses houses in Market Harborough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Market Harborough, and where 22 RHODES CLOSE lies on this distribution: 11% of detached houses houses are smaller than 22 RHODES CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Market Harborough.

22 RHODES CLOSE: Plot and Title Map

22 RHODES CLOSE sits on a plot of roughly 0.066 of an acre, or 268m². The below map shows the location of 22 RHODES 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 22 RHODES 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 22 RHODES CLOSE?

22 RHODES CLOSE is located in MARKET HARBOROUGH, in the LE16 postcode district. The below map shows the position of No. 22 on RHODES CLOSE.