24, SPRING CLOSE, SHEPSHED, LOUGHBOROUGH, LE12 9JD - £119,000

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

24 SPRING CLOSE is a very small extended detached house of 66m², built sometime between 1967 and 1975, which could now be worth an estimated £211,152. It was last sold for £119,000 in November 2011, which was around 49% below the average November 2011 detached price in the Charnwood local authority area. The most recent EPC inspection was May 2023, where the current energy rating was C, and the potential energy rating was B.

24 SPRING CLOSE Sold Prices

Land registry data shows three sales for 24 SPRING 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 24 SPRING 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
2011 15 NOV	£119,000	£232,223	49% below HPI
2006 1 DEC	£122,200	£246,123	50% below HPI
2003 28 NOV	£87,500	£210,308	58% below HPI

24 SPRING 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 24 SPRING CLOSE sales between November 2003 and November 2011 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 December 2006 sale was for 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the November 2011 sale, where it rises to 49% below the HPI. The line then continues to track at 49% below the HPI.

What might 24 SPRING CLOSE be worth now?

24 SPRING CLOSE might now be worth an estimated £211,152.

This is based on house price inflation of 77.4%, between November 2011 and December 2024, 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 77.4% inflationary increase is applied to the most recent sale price for 24 SPRING CLOSE of £119,000 on 15th November 2011. For the value to have increased from £119,000 to £211,152 over the twelve years and eleven months to December 2024, the following assumptions must hold true:

• The value of 24 SPRING CLOSE has moved in line with the HPI for detached houses in the Charnwood local authority area.
• The November 2011 sale price of £119,000 represented a fair market value for the property.
• The size, condition, and specification of 24 SPRING CLOSE has not materially changed since November 2011.

How Large is 24 SPRING CLOSE?

24 SPRING CLOSE is 66m², which includes one extension, according to the EPC inspection conducted in May 2023. This puts it in the smallest 10% of detached houses houses in Shepshed, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shepshed, and where 24 SPRING CLOSE lies on this distribution: 6% of detached houses houses are smaller than 24 SPRING CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Shepshed.

24 SPRING CLOSE: Plot and Title Map

24 SPRING CLOSE sits on a plot of roughly 0.077 of an acre, or 312m². The below map shows the location of 24 SPRING 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 24 SPRING 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 24 SPRING CLOSE?

24 SPRING CLOSE is located in SHEPSHED, in the LE12 postcode district. The below map shows the position of No. 24 on SPRING CLOSE.