42, PATERSON PLACE, SHEPSHED, LOUGHBOROUGH, LE12 9RX - £245,000

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.

42 PATERSON PLACE is a very small extended semi-detached house of 78m², built sometime between 1967 and 1975, which could now be worth an estimated £246,962. It was last sold for £245,000 in December 2022, which was around 6% below the average December 2022 semi-detached price in the Charnwood local authority area. The most recent EPC inspection was December 2017, where the current energy rating was D, and the potential energy rating was B.

42 PATERSON PLACE Sold Prices

Land registry data shows four sales for 42 PATERSON PLACE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Charnwood local authority area for the corresponding sale date. All of the four 42 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
2022 19 DEC	£245,000	£260,338	6% below HPI
2018 27 MAR	£160,000	£190,118	16% below HPI
2003 4 JUL	£115,000	£119,470	4% below HPI
2001 20 DEC	£70,950	£79,711	11% below HPI

42 PATERSON PLACE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Charnwood local authority area over time, sourced from the HPI. The four 42 PATERSON PLACE sales between December 2001 and December 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 March 2018 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the December 2022 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 42 PATERSON PLACE be worth now?

42 PATERSON PLACE might now be worth an estimated £246,962.

This is based on house price inflation of 0.8%, between December 2022 and February 2025, for semi-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 0.8% inflationary increase is applied to the most recent sale price for 42 PATERSON PLACE of £245,000 on 19th December 2022. For the value to have increased from £245,000 to £246,962 over the three years and ten months to February 2025, the following assumptions must hold true:

• The value of 42 PATERSON PLACE has moved in line with the HPI for semi-detached houses in the Charnwood local authority area.
• The December 2022 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 42 PATERSON PLACE has not materially changed since December 2022.

How Large is 42 PATERSON PLACE?

42 PATERSON PLACE is 78m², which includes two extensions, according to the EPC inspection conducted in December 2017. This puts it in the smallest 20% of semi-detached houses houses in Shepshed, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Shepshed, and where 42 PATERSON PLACE lies on this distribution: 15% of semi-detached houses houses are smaller than 42 PATERSON PLACE, and 85% of houses are larger. Note that EPC data is not available for all properties in Shepshed.

42 PATERSON PLACE: Plot and Title Map

42 PATERSON PLACE sits on a plot of roughly 0.066 of an acre, or 268m². The below map shows the location of 42 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 42 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 42 PATERSON PLACE?

42 PATERSON PLACE is located in SHEPSHED, in the LE12 postcode district. The below map shows the position of No. 42 on PATERSON PLACE.