3, SPA CLOSE, HINCKLEY, LE10 1HZ - £170,000

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

3 SPA CLOSE is a small detached house of 90m², built sometime between 1996 and 2002, which could now be worth an estimated £315,347. It was last sold for £170,000 in December 2012, which was around 17% below the average December 2012 detached price in the Hinckley and Bosworth local authority area. The most recent EPC inspection was July 2012, where the current energy rating was D, and the potential energy rating was C.

3 SPA CLOSE Sold Prices

Land registry data shows two sales for 3 SPA 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 Hinckley and Bosworth local authority area for the corresponding sale date. Both of the two 3 SPA 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
2012 7 DEC	£170,000	£205,826	17% below HPI
1996 15 NOV	£73,950	£75,139	2% below HPI

3 SPA CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Hinckley and Bosworth local authority area over time, sourced from the HPI. The two 3 SPA CLOSE sales from November 1996 and December 2012 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 November 1996 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the December 2012 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 3 SPA CLOSE be worth now?

3 SPA CLOSE might now be worth an estimated £315,347.

This is based on house price inflation of 85.5%, between December 2012 and December 2024, for detached houses, in the Hinckley and Bosworth local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 85.5% inflationary increase is applied to the most recent sale price for 3 SPA CLOSE of £170,000 on 7th December 2012. For the value to have increased from £170,000 to £315,347 over the twelve years to December 2024, the following assumptions must hold true:

• The value of 3 SPA CLOSE has moved in line with the HPI for detached houses in the Hinckley and Bosworth local authority area.
• The December 2012 sale price of £170,000 represented a fair market value for the property.
• The size, condition, and specification of 3 SPA CLOSE has not materially changed since December 2012.

How Large is 3 SPA CLOSE?

3 SPA CLOSE is 90m² according to the EPC inspection conducted in July 2012. This puts it in the smallest 30% of detached houses houses in Hinckley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hinckley, and where 3 SPA CLOSE lies on this distribution: 25% of detached houses houses are smaller than 3 SPA CLOSE, and 74% of houses are larger. Note that EPC data is not available for all properties in Hinckley.

3 SPA CLOSE: Plot and Title Map

3 SPA CLOSE sits on a plot of roughly 0.070 of an acre, or 283m². The below map shows the location of 3 SPA 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 SPA 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 SPA CLOSE?

3 SPA CLOSE is located in HINCKLEY, in the LE10 postcode district. The below map shows the position of No. 3 on SPA CLOSE.