3, CHERRY CLOSE, LOUGHBOROUGH, LE11 2QR - £340,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

3 CHERRY CLOSE is a midsized detached house of 110m², built sometime between 1991 and 1995. It was last sold for £340,000 in December 2020, which was around 6% below the average December 2020 detached price in the Charnwood local authority area. The most recent EPC inspection was May 2013, where the current energy rating was C, and the potential energy rating was B.

3 CHERRY CLOSE Sold Prices

Land registry data shows three sales for 3 CHERRY 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. One of the three 3 CHERRY CLOSE sales was for below the average price, whilst two 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
2020 3 DEC	£340,000	£362,628	6% below HPI
2013 18 OCT	£250,000	£245,964	2% above HPI
1995 20 SEP	£97,500	£82,000	19% above HPI

3 CHERRY 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 3 CHERRY CLOSE sales between September 1995 and December 2020 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 October 2013 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the December 2020 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 3 CHERRY CLOSE?

3 CHERRY CLOSE is 110m² according to the EPC inspection conducted in May 2013. This puts it in the smallest 50% of detached houses in Loughborough, based on EPC data. The below chart shows the distribution of detached houses by size in Loughborough, and where 3 CHERRY CLOSE lies on this distribution: 47% of detached houses are smaller than 3 CHERRY CLOSE, and 53% of houses are larger. Note that EPC data is not available for all properties in Loughborough.

3 CHERRY CLOSE: Plot and Title Map

3 CHERRY CLOSE sits on a plot of roughly 0.091 of an acre, or 366m². The below map shows the location of 3 CHERRY 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 3 CHERRY 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 3 CHERRY CLOSE?

3 CHERRY CLOSE is located in LOUGHBOROUGH, in the LE11 postcode district. The below map shows the position of No. 3 on CHERRY CLOSE.