3, FARRIERS CLOSE, SNARESTONE, SWADLINCOTE, DE12 7BS - £260,000

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.

3 FARRIERS CLOSE is a very small extended detached house of 85m², built sometime between 1996 and 2002, which could now be worth an estimated £319,553. It was last sold for £260,000 in March 2021, which was around 20% below the average March 2021 detached price in the North West Leicestershire local authority area. The most recent EPC inspection was September 2014, where the current energy rating was C, and the potential energy rating was B.

3 FARRIERS CLOSE Sold Prices

Land registry data shows four sales for 3 FARRIERS CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North West Leicestershire local authority area for the corresponding sale date. All of the four 3 FARRIERS 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
2021 19 MAR	£260,000	£323,335	20% below HPI
2015 19 AUG	£160,000	£249,734	36% below HPI
1999 11 NOV	£57,500	£96,899	41% below HPI
1997 4 APR	£47,000	£81,201	42% below HPI

3 FARRIERS 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 four 3 FARRIERS CLOSE sales between April 1997 and March 2021 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 2015 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the March 2021 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 3 FARRIERS CLOSE be worth now?

3 FARRIERS CLOSE might now be worth an estimated £319,553.

This is based on house price inflation of 22.9%, between March 2021 and February 2025, 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 22.9% inflationary increase is applied to the most recent sale price for 3 FARRIERS CLOSE of £260,000 on 19th March 2021. For the value to have increased from £260,000 to £319,553 over the four years and one month to February 2025, the following assumptions must hold true:

• The value of 3 FARRIERS CLOSE has moved in line with the HPI for detached houses in the North West Leicestershire local authority area.
• The March 2021 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 3 FARRIERS CLOSE has not materially changed since March 2021.

How Large is 3 FARRIERS CLOSE?

3 FARRIERS CLOSE is 85m², which includes one extension, according to the EPC inspection conducted in September 2014. This puts it in the smallest 10% of detached houses houses in Snarestone, based on EPC data. The below chart shows the distribution of detached houses houses by size in Snarestone, and where 3 FARRIERS CLOSE lies on this distribution: 7% of detached houses houses are smaller than 3 FARRIERS CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Snarestone.

3 FARRIERS CLOSE: Plot and Title Map

3 FARRIERS CLOSE sits on a plot of roughly 0.055 of an acre, or 224m². The below map shows the location of 3 FARRIERS 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 FARRIERS 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 FARRIERS CLOSE?

3 FARRIERS CLOSE is located in SNARESTONE, in the DE12 postcode district. The below map shows the position of No. 3 on FARRIERS CLOSE.