5, PENCLOSE ROAD, FLECKNEY, LEICESTER, LE8 8TE - £248,000

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 PENCLOSE ROAD is a small extended detached house of 91m², built sometime between 1976 and 1982, which could now be worth an estimated £288,627. It was last sold for £248,000 in September 2020, which was around 41% below the average September 2020 detached price in the Harborough local authority area. The most recent EPC inspection was March 2020, where the current energy rating was D, and the potential energy rating was B.

5 PENCLOSE ROAD Sold Prices

Land registry data shows two sales for 5 PENCLOSE ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Harborough local authority area for the corresponding sale date. Both of the two 5 PENCLOSE ROAD 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
2020 4 SEP	£248,000	£417,038	41% below HPI
2005 12 MAY	£140,000	£245,172	43% below HPI

5 PENCLOSE ROAD 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 two 5 PENCLOSE ROAD sales from May 2005 and September 2020 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 May 2005 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the September 2020 sale, where it rises to 41% below the HPI. The line then continues to track at 41% below the HPI.

What might 5 PENCLOSE ROAD be worth now?

5 PENCLOSE ROAD might now be worth an estimated £288,627.

This is based on house price inflation of 16.4%, between September 2020 and February 2025, 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 16.4% inflationary increase is applied to the most recent sale price for 5 PENCLOSE ROAD of £248,000 on 4th September 2020. For the value to have increased from £248,000 to £288,627 over the five years and seven months to February 2025, the following assumptions must hold true:

• The value of 5 PENCLOSE ROAD has moved in line with the HPI for detached houses in the Harborough local authority area.
• The September 2020 sale price of £248,000 represented a fair market value for the property.
• The size, condition, and specification of 5 PENCLOSE ROAD has not materially changed since September 2020.

How Large is 5 PENCLOSE ROAD?

5 PENCLOSE ROAD is 91m², which includes one extension, according to the EPC inspection conducted in March 2020. This puts it in the smallest 30% of detached houses houses in Fleckney, based on EPC data. The below chart shows the distribution of detached houses houses by size in Fleckney, and where 5 PENCLOSE ROAD lies on this distribution: 26% of detached houses houses are smaller than 5 PENCLOSE ROAD, and 72% of houses are larger. Note that EPC data is not available for all properties in Fleckney.

5 PENCLOSE ROAD: Plot and Title Map

5 PENCLOSE ROAD sits on a plot of roughly 0.051 of an acre, or 207m². The below map shows the location of 5 PENCLOSE ROAD, 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 PENCLOSE ROAD). 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 PENCLOSE ROAD?

5 PENCLOSE ROAD is located in FLECKNEY, in the LE8 postcode district. The below map shows the position of No. 5 on PENCLOSE ROAD.