40, PARK RISE, SHEPSHED, LOUGHBOROUGH, LE12 9BA - £415,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

40 PARK RISE is a very large extended detached house of 220m², built sometime between 1967 and 1975. It was last sold for £415,000 in August 2023, which was around 2% below the average August 2023 detached price in the Charnwood local authority area. The most recent EPC inspection was February 2023, where the current energy rating was D, and the potential energy rating was C.

40 PARK RISE Sold Prices

Land registry data shows two sales for 40 PARK RISE 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 40 PARK RISE 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
2023 25 AUG	£415,000	£421,489	2% below HPI
2003 23 MAY	£155,000	£195,591	21% below HPI

40 PARK RISE 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 40 PARK RISE sales from May 2003 and August 2023 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 May 2003 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the August 2023 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is 40 PARK RISE?

40 PARK RISE is 220m², which includes four extensions, according to the EPC inspection conducted in February 2023. This puts it in the largest 10% of detached houses in Shepshed, based on EPC data. The below chart shows the distribution of detached houses by size in Shepshed, and where 40 PARK RISE lies on this distribution: 98% of detached houses are smaller than 40 PARK RISE, and 2% of houses are larger. Note that EPC data is not available for all properties in Shepshed.

40 PARK RISE: Plot and Title Map

40 PARK RISE sits on a plot of roughly 0.104 of an acre, or 421m². The below map shows the location of 40 PARK RISE, 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 40 PARK RISE). 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 40 PARK RISE?

40 PARK RISE is located in SHEPSHED, in the LE12 postcode district. The below map shows the position of No. 40 on PARK RISE.