48A, FOREST STREET, SHEPSHED, LOUGHBOROUGH, LE12 9DA - £145,000

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.

48A FOREST STREET is a very small extended detached house of 68m², built sometime between 1983 and 1990, which could now be worth an estimated £233,402. It was last sold for £145,000 in February 2015, which was around 44% below the average February 2015 detached price in the Charnwood local authority area. The most recent EPC inspection was July 2021, where the current energy rating was C, and the potential energy rating was B.

48A FOREST STREET Sold Prices

Land registry data shows three sales for 48A FOREST STREET 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 48A FOREST STREET 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 FEB	£145,000	£258,576	44% below HPI
2006 27 OCT	£138,500	£244,463	43% below HPI
1996 29 NOV	£43,000	£84,272	49% below HPI

48A FOREST STREET 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 48A FOREST STREET sales between November 1996 and February 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 October 2006 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the February 2015 sale, where it falls to 44% below the HPI. The line then continues to track at 44% below the HPI.

What might 48A FOREST STREET be worth now?

48A FOREST STREET might now be worth an estimated £233,402.

This is based on house price inflation of 61%, between February 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 61% inflationary increase is applied to the most recent sale price for 48A FOREST STREET of £145,000 on 20th February 2015. For the value to have increased from £145,000 to £233,402 over the ten years to February 2025, the following assumptions must hold true:

• The value of 48A FOREST STREET has moved in line with the HPI for detached houses in the Charnwood local authority area.
• The February 2015 sale price of £145,000 represented a fair market value for the property.
• The size, condition, and specification of 48A FOREST STREET has not materially changed since February 2015.

How Large is 48A FOREST STREET?

48A FOREST STREET is 68m², which includes two extensions, according to the EPC inspection conducted in July 2021. 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 48A FOREST STREET lies on this distribution: 8% of detached houses houses are smaller than 48A FOREST STREET, and 92% of houses are larger. Note that EPC data is not available for all properties in Shepshed.

48A FOREST STREET: Plot and Title Map

48A FOREST STREET sits on a plot of roughly 0.055 of an acre, or 222m². The below map shows the location of 48A FOREST STREET, 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 48A FOREST STREET). 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 48A FOREST STREET?

48A FOREST STREET is located in SHEPSHED, in the LE12 postcode district. The below map shows the position of No. 48A on FOREST STREET.