4, PATERSON PLACE, SHEPSHED, LOUGHBOROUGH, LE12 9RX - £161,000

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 PATERSON PLACE is a very small detached house of 65m², built sometime between 1976 and 1982, which could now be worth an estimated £257,625. It was last sold for £161,000 in January 2015, which was around 38% below the average January 2015 detached price in the Charnwood local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was B.

4 PATERSON PLACE Sold Prices

Land registry data shows two sales for 4 PATERSON PLACE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Charnwood local authority area for the corresponding sale date. Both of the two 4 PATERSON PLACE 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
2015 20 JAN	£161,000	£260,113	38% below HPI
2002 4 APR	£89,950	£144,244	38% below HPI

4 PATERSON PLACE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Charnwood local authority area over time, sourced from the HPI. The two 4 PATERSON PLACE sales from April 2002 and January 2015 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 April 2002 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the January 2015 sale, which was also at 38% below the HPI.

What might 4 PATERSON PLACE be worth now?

4 PATERSON PLACE might now be worth an estimated £257,625.

This is based on house price inflation of 60%, between January 2015 and February 2025, for detached houses, in the Charnwood local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 60% inflationary increase is applied to the most recent sale price for 4 PATERSON PLACE of £161,000 on 20th January 2015. For the value to have increased from £161,000 to £257,625 over the nine years and eleven months to February 2025, the following assumptions must hold true:

• The value of 4 PATERSON PLACE has moved in line with the HPI for detached houses in the Charnwood local authority area.
• The January 2015 sale price of £161,000 represented a fair market value for the property.
• The size, condition, and specification of 4 PATERSON PLACE has not materially changed since January 2015.

How Large is 4 PATERSON PLACE?

4 PATERSON PLACE is 65m² according to the EPC inspection conducted in October 2013. This puts it in the smallest 10% of detached houses houses in Shepshed, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shepshed, and where 4 PATERSON PLACE lies on this distribution: 5% of detached houses houses are smaller than 4 PATERSON PLACE, and 94% of houses are larger. Note that EPC data is not available for all properties in Shepshed.

4 PATERSON PLACE: Plot and Title Map

4 PATERSON PLACE sits on a plot of roughly 0.112 of an acre, or 455m². The below map shows the location of 4 PATERSON PLACE, 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 PATERSON PLACE). 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 PATERSON PLACE?

4 PATERSON PLACE is located in SHEPSHED, in the LE12 postcode district. The below map shows the position of No. 4 on PATERSON PLACE.