5, BALLATER CLOSE, LEICESTER, LE5 6XA - £325,000

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.

5 BALLATER CLOSE is a small extended detached house of 104m², built sometime between 1950 and 1966, which could now be worth an estimated £443,489. It was last sold for £325,000 in February 2018, which was around 15% above the average February 2018 detached price in the Leicester local authority area. The most recent EPC inspection was July 2017, where the current energy rating was D, and the potential energy rating was B.

5 BALLATER CLOSE Sold Prices

Land registry data shows two sales for 5 BALLATER CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Leicester local authority area for the corresponding sale date. Both of the two 5 BALLATER CLOSE sales were for above 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 22 FEB	£325,000	£282,925	15% above HPI
1997 26 SEP	£74,950	£69,964	7% above HPI

5 BALLATER CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Leicester local authority area over time, sourced from the HPI. The two 5 BALLATER CLOSE sales from September 1997 and February 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 September 1997 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the February 2018 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might 5 BALLATER CLOSE be worth now?

5 BALLATER CLOSE might now be worth an estimated £443,489.

This is based on house price inflation of 36.5%, between February 2018 and February 2025, for detached houses, in the Leicester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 36.5% inflationary increase is applied to the most recent sale price for 5 BALLATER CLOSE of £325,000 on 22nd February 2018. For the value to have increased from £325,000 to £443,489 over the seven years to February 2025, the following assumptions must hold true:

• The value of 5 BALLATER CLOSE has moved in line with the HPI for detached houses in the Leicester local authority area.
• The February 2018 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 5 BALLATER CLOSE has not materially changed since February 2018.

How Large is 5 BALLATER CLOSE?

5 BALLATER CLOSE is 104m², which includes two extensions, according to the EPC inspection conducted in July 2017. This puts it in the smallest 40% of detached houses houses in Leicester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Leicester, and where 5 BALLATER CLOSE lies on this distribution: 38% of detached houses houses are smaller than 5 BALLATER CLOSE, and 61% of houses are larger. Note that EPC data is not available for all properties in Leicester.

5 BALLATER CLOSE: Plot and Title Map

5 BALLATER CLOSE sits on a plot of roughly 0.173 of an acre, or 699m². The below map shows the location of 5 BALLATER 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 5 BALLATER 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 5 BALLATER CLOSE?

5 BALLATER CLOSE is located in LEICESTER, in the LE5 postcode district. The below map shows the position of No. 5 on BALLATER CLOSE.