48, HERRICK CLOSE, SILEBY, LOUGHBOROUGH, LE12 7RL - £260,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

48 HERRICK CLOSE is a small extended detached house of 90m², built sometime between 1996 and 2002. It was last sold for £260,000 in May 2018, which was around 18% below the average May 2018 detached price in the Charnwood local authority area. The most recent EPC inspection was October 2017, where the current energy rating was D, and the potential energy rating was B.

48 HERRICK CLOSE Sold Prices

Land registry data shows three sales for 48 HERRICK CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Charnwood local authority area for the corresponding sale date. All of the three 48 HERRICK 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
2018 4 MAY	£260,000	£316,241	18% below HPI
2004 17 NOV	£225,950	£233,663	3% below HPI
1998 26 JUN	£85,995	£92,880	7% below HPI

48 HERRICK CLOSE 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 three 48 HERRICK CLOSE sales between June 1998 and May 2018 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 November 2004 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the May 2018 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 48 HERRICK CLOSE be worth now?

48 HERRICK CLOSE might now be worth an estimated £338,773.

This is based on house price inflation of 30.3%, between May 2018 and December 2024, 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 30.3% inflationary increase is applied to the most recent sale price for 48 HERRICK CLOSE of £260,000 on 4th May 2018. For the value to have increased from £260,000 to £338,773 over the five years and five months to December 2024, the following assumptions must hold true:

• The value of 48 HERRICK CLOSE has moved in line with the HPI for detached houses in the Charnwood local authority area.
• The May 2018 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 48 HERRICK CLOSE has not materially changed since May 2018.

How Large is 48 HERRICK CLOSE?

48 HERRICK CLOSE is 90m², which includes one extension, according to the EPC inspection conducted in October 2017. This puts it in the smallest 30% of detached houses houses in Sileby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Sileby, and where 48 HERRICK CLOSE lies on this distribution: 25% of detached houses houses are smaller than 48 HERRICK CLOSE, and 75% of houses are larger. Note that EPC data is not available for all properties in Sileby.

48 HERRICK CLOSE: Plot and Title Map

48 HERRICK CLOSE sits on a plot of roughly 0.071 of an acre, or 286m². The below map shows the location of 48 HERRICK 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 48 HERRICK 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 48 HERRICK CLOSE?

48 HERRICK CLOSE is located in SILEBY, in the LE12 postcode district. The below map shows the position of No. 48 on HERRICK CLOSE.