31, LYCHGATE CLOSE, BURBAGE, HINCKLEY, LE10 2ES - £415,000

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

31 LYCHGATE CLOSE is a very large detached house of 158m², built sometime between 1996 and 2002, which could now be worth an estimated £671,481. It was last sold for £415,000 in February 2016, which was around 76% above the average February 2016 detached price in the Hinckley and Bosworth local authority area. The most recent EPC inspection was August 2010, where the current energy rating was D, and the potential energy rating was C.

31 LYCHGATE CLOSE Sold Prices

Land registry data shows three sales for 31 LYCHGATE 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 Hinckley and Bosworth local authority area for the corresponding sale date. All of the three 31 LYCHGATE CLOSE sales 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
2016 17 FEB	£415,000	£235,501	76% above HPI
2011 25 MAR	£312,000	£196,796	59% above HPI
2001 14 DEC	£210,000	£122,530	71% above HPI

31 LYCHGATE 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 three 31 LYCHGATE CLOSE sales between December 2001 and February 2016 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 March 2011 sale was for 59% above the HPI. So the extrapolation line tracks at 59% above the HPI over time, until the February 2016 sale, where it rises to 76% above the HPI. The line then continues to track at 76% above the HPI.

What might 31 LYCHGATE CLOSE be worth now?

31 LYCHGATE CLOSE might now be worth an estimated £671,481.

This is based on house price inflation of 61.8%, between February 2016 and February 2025, 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 61.8% inflationary increase is applied to the most recent sale price for 31 LYCHGATE CLOSE of £415,000 on 17th February 2016. For the value to have increased from £415,000 to £671,481 over the nine years to February 2025, the following assumptions must hold true:

• The value of 31 LYCHGATE CLOSE has moved in line with the HPI for detached houses in the Hinckley and Bosworth local authority area.
• The February 2016 sale price of £415,000 represented a fair market value for the property.
• The size, condition, and specification of 31 LYCHGATE CLOSE has not materially changed since February 2016.

How Large is 31 LYCHGATE CLOSE?

31 LYCHGATE CLOSE is 158m² according to the EPC inspection conducted in August 2010. This puts it in the largest 20% 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 31 LYCHGATE CLOSE lies on this distribution: 84% of detached houses houses are smaller than 31 LYCHGATE CLOSE, and 16% of houses are larger. Note that EPC data is not available for all properties in Hinckley.

31 LYCHGATE CLOSE: Plot and Title Map

31 LYCHGATE CLOSE sits on a plot of roughly 0.114 of an acre, or 463m². The below map shows the location of 31 LYCHGATE 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 31 LYCHGATE 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 31 LYCHGATE CLOSE?

31 LYCHGATE CLOSE is located in BURBAGE, in the LE10 postcode district. The below map shows the position of No. 31 on LYCHGATE CLOSE.