4, IRIS CLOSE, BURBAGE, HINCKLEY, LE10 2QU - £290,000

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.

4 IRIS CLOSE is a very small detached house of 59m², built sometime between 1967 and 1975, which could now be worth an estimated £293,005. It was last sold for £290,000 in July 2022, which was around 23% below the average July 2022 detached price in the Hinckley and Bosworth local authority area. The most recent EPC inspection was January 2022, where the current energy rating was D, and the potential energy rating was B.

4 IRIS CLOSE Sold Prices

Land registry data shows four sales for 4 IRIS 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 Hinckley and Bosworth local authority area for the corresponding sale date. All of the four 4 IRIS 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
2022 1 JUL	£290,000	£377,139	23% below HPI
2007 5 JAN	£210,000	£221,543	5% below HPI
1999 19 NOV	£83,000	£96,003	14% below HPI
1997 23 OCT	£60,000	£80,217	25% below HPI

4 IRIS 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 four 4 IRIS CLOSE sales between October 1997 and July 2022 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 January 2007 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the July 2022 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 4 IRIS CLOSE be worth now?

4 IRIS CLOSE might now be worth an estimated £293,005.

This is based on house price inflation of 1%, between July 2022 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 1% inflationary increase is applied to the most recent sale price for 4 IRIS CLOSE of £290,000 on 1st July 2022. For the value to have increased from £290,000 to £293,005 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of 4 IRIS CLOSE has moved in line with the HPI for detached houses in the Hinckley and Bosworth local authority area.
• The July 2022 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 4 IRIS CLOSE has not materially changed since July 2022.

How Large is 4 IRIS CLOSE?

4 IRIS CLOSE is 59m² according to the EPC inspection conducted in January 2022. This puts it in the smallest 10% 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 4 IRIS CLOSE lies on this distribution: 2% of detached houses houses are smaller than 4 IRIS CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Hinckley.

4 IRIS CLOSE: Plot and Title Map

4 IRIS CLOSE sits on a plot of roughly 0.069 of an acre, or 278m². The below map shows the location of 4 IRIS 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 4 IRIS 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 4 IRIS CLOSE?

4 IRIS CLOSE is located in BURBAGE, in the LE10 postcode district. The below map shows the position of No. 4 on IRIS CLOSE.