4, MAREFIELD CLOSE, THURNBY, LEICESTER, LE7 9US - £295,000

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 MAREFIELD CLOSE is a very small detached house of 83m², built sometime between 1996 and 2002, which could now be worth an estimated £417,444. It was last sold for £295,000 in December 2016, which was around 14% below the average December 2016 detached price in the Harborough local authority area. The most recent EPC inspection was November 2010, where the current energy rating was D, and the potential energy rating was C.

4 MAREFIELD CLOSE Sold Prices

Land registry data shows four sales for 4 MAREFIELD 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 Harborough local authority area for the corresponding sale date. Most of the four 4 MAREFIELD 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
2016 15 DEC	£295,000	£342,993	14% below HPI
2012 14 DEC	£249,950	£275,495	9% below HPI
2011 2 DEC	£238,000	£266,291	11% below HPI
1996 27 MAR	£99,950	£83,419	20% above HPI

4 MAREFIELD 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 four 4 MAREFIELD CLOSE sales between March 1996 and December 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 December 2012 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the December 2016 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 4 MAREFIELD CLOSE be worth now?

4 MAREFIELD CLOSE might now be worth an estimated £417,444.

This is based on house price inflation of 41.5%, between December 2016 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 41.5% inflationary increase is applied to the most recent sale price for 4 MAREFIELD CLOSE of £295,000 on 15th December 2016. For the value to have increased from £295,000 to £417,444 over the nine years and ten months to February 2025, the following assumptions must hold true:

• The value of 4 MAREFIELD CLOSE has moved in line with the HPI for detached houses in the Harborough local authority area.
• The December 2016 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 4 MAREFIELD CLOSE has not materially changed since December 2016.

How Large is 4 MAREFIELD CLOSE?

4 MAREFIELD CLOSE is 83m² according to the EPC inspection conducted in November 2010. This puts it in the smallest 20% of detached houses houses in Leicester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Leicester, and where 4 MAREFIELD CLOSE lies on this distribution: 16% of detached houses houses are smaller than 4 MAREFIELD CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Leicester.

4 MAREFIELD CLOSE: Plot and Title Map

4 MAREFIELD CLOSE sits on a plot of roughly 0.142 of an acre, or 574m². The below map shows the location of 4 MAREFIELD 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 MAREFIELD 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 MAREFIELD CLOSE?

4 MAREFIELD CLOSE is located in THURNBY, in the LE7 postcode district. The below map shows the position of No. 4 on MAREFIELD CLOSE.