5, SPRING CLOSE, SHEPSHED, LOUGHBOROUGH, LE12 9JD - £143,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

5 SPRING CLOSE is a very small detached house of 74m², built sometime between 1950 and 1966. It was last sold for £143,000 in December 2012, which was around 40% below the average December 2012 detached price in the Charnwood local authority area. The most recent EPC inspection was June 2014, where the current energy rating was E, and the potential energy rating was C.

5 SPRING CLOSE Sold Prices

Land registry data shows two sales for 5 SPRING 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 Charnwood local authority area for the corresponding sale date. Both of the two 5 SPRING 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
2012 7 DEC	£143,000	£239,297	40% below HPI
2003 7 NOV	£122,000	£213,188	43% below HPI

5 SPRING 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 two 5 SPRING CLOSE sales from November 2003 and December 2012 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 2003 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the December 2012 sale, where it rises to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 5 SPRING CLOSE?

5 SPRING CLOSE is 74m² according to the EPC inspection conducted in June 2014. This puts it in the smallest 20% of detached houses in Shepshed, based on EPC data. The below chart shows the distribution of detached houses by size in Shepshed, and where 5 SPRING CLOSE lies on this distribution: 12% of detached houses are smaller than 5 SPRING CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Shepshed.

5 SPRING CLOSE: Plot and Title Map

5 SPRING CLOSE sits on a plot of roughly 0.079 of an acre, or 319m². The below map shows the location of 5 SPRING 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 SPRING 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 SPRING CLOSE?

5 SPRING CLOSE is located in SHEPSHED, in the LE12 postcode district. The below map shows the position of No. 5 on SPRING CLOSE.