3, MILL CLOSE, SMEETON WESTERBY, LEICESTER, LE8 0QN - £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.

3 MILL CLOSE is a very small detached house of 97m², built sometime between 1967 and 1975, which could now be worth an estimated £448,164. It was last sold for £350,000 in June 2018, which was around 8% below the average June 2018 detached price in the Harborough local authority area. The most recent EPC inspection was December 2012, where the current energy rating was D, and the potential energy rating was C.

3 MILL CLOSE Sold Prices

Land registry data shows two sales for 3 MILL 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. One of the two 3 MILL CLOSE sales was for below the average price, whilst the other was 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
2018 15 JUN	£350,000	£379,046	8% below HPI
2013 2 MAY	£292,000	£272,098	7% above HPI

3 MILL 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 3 MILL CLOSE sales from May 2013 and June 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 May 2013 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the June 2018 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 3 MILL CLOSE be worth now?

3 MILL CLOSE might now be worth an estimated £448,164.

This is based on house price inflation of 28%, between June 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 28% inflationary increase is applied to the most recent sale price for 3 MILL CLOSE of £350,000 on 15th June 2018. For the value to have increased from £350,000 to £448,164 over the seven years and four months to February 2025, the following assumptions must hold true:

• The value of 3 MILL CLOSE has moved in line with the HPI for detached houses in the Harborough local authority area.
• The June 2018 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MILL CLOSE has not materially changed since June 2018.

How Large is 3 MILL CLOSE?

3 MILL CLOSE is 97m² according to the EPC inspection conducted in December 2012. This puts it in the smallest 10% of detached houses houses in Smeeton Westerby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Smeeton Westerby, and where 3 MILL CLOSE lies on this distribution: 7% of detached houses houses are smaller than 3 MILL CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Smeeton Westerby.

3 MILL CLOSE: Plot and Title Map

3 MILL CLOSE sits on a plot of roughly 0.140 of an acre, or 566m². The below map shows the location of 3 MILL 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 MILL 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 MILL CLOSE?

3 MILL CLOSE is located in SMEETON WESTERBY, in the LE8 postcode district. The below map shows the position of No. 3 on MILL CLOSE.