5, MONROE CLOSE, MARKET HARBOROUGH, LE16 7QN - £355,000

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

5 MONROE CLOSE is a small extended detached house of 102m², built sometime between 1996 and 2002. It was last sold for £355,000 in May 2017, which was around 4% above the average May 2017 detached price in the Harborough local authority area. The most recent EPC inspection was March 2017, where the current energy rating was D, and the potential energy rating was C.

5 MONROE CLOSE Sold Prices

Land registry data shows three sales for 5 MONROE 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 Harborough local authority area for the corresponding sale date. All of the three 5 MONROE 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
2017 30 MAY	£355,000	£342,792	4% above HPI
2005 16 FEB	£270,000	£243,420	11% above HPI
2000 26 APR	£149,500	£122,998	22% above HPI

5 MONROE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Harborough local authority area over time, sourced from the HPI. The three 5 MONROE CLOSE sales between April 2000 and May 2017 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 February 2005 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the May 2017 sale, where it falls to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might 5 MONROE CLOSE be worth now?

5 MONROE CLOSE might now be worth an estimated £510,396.

This is based on house price inflation of 43.8%, between May 2017 and December 2024, for detached houses, in the Harborough local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 43.8% inflationary increase is applied to the most recent sale price for 5 MONROE CLOSE of £355,000 on 30th May 2017. For the value to have increased from £355,000 to £510,396 over the six years and five months to December 2024, the following assumptions must hold true:

• The value of 5 MONROE CLOSE has moved in line with the HPI for detached houses in the Harborough local authority area.
• The May 2017 sale price of £355,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MONROE CLOSE has not materially changed since May 2017.

How Large is 5 MONROE CLOSE?

5 MONROE CLOSE is 102m², which includes one extension, according to the EPC inspection conducted in March 2017. This puts it in the smallest 30% of detached houses houses in Market Harborough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Market Harborough, and where 5 MONROE CLOSE lies on this distribution: 29% of detached houses houses are smaller than 5 MONROE CLOSE, and 70% of houses are larger. Note that EPC data is not available for all properties in Market Harborough.

5 MONROE CLOSE: Plot and Title Map

5 MONROE CLOSE sits on a plot of roughly 0.112 of an acre, or 452m². The below map shows the location of 5 MONROE 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 MONROE 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 MONROE CLOSE?

5 MONROE CLOSE is located in MARKET HARBOROUGH, in the LE16 postcode district. The below map shows the position of No. 5 on MONROE CLOSE.