5, WELCHMAN CLOSE, LOUGHBOROUGH, LE11 2US - £240,000

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 WELCHMAN CLOSE is a very small detached house of 83m², which could now be worth an estimated £299,869. It was last sold for £240,000 in April 2020, which was around 27% below the average April 2020 detached price in the Charnwood local authority area. The most recent EPC inspection was February 2013, where the current energy rating was C, and the potential energy rating was C.

5 WELCHMAN CLOSE Sold Prices

Land registry data shows two sales for 5 WELCHMAN 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 WELCHMAN 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
2020 16 APR	£240,000	£329,787	27% below HPI
2016 26 FEB	£219,950	£282,877	22% below HPI

5 WELCHMAN 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 WELCHMAN CLOSE sales from February 2016 and April 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 February 2016 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the April 2020 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 5 WELCHMAN CLOSE be worth now?

5 WELCHMAN CLOSE might now be worth an estimated £299,869.

This is based on house price inflation of 24.9%, between April 2020 and December 2024, 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 24.9% inflationary increase is applied to the most recent sale price for 5 WELCHMAN CLOSE of £240,000 on 16th April 2020. For the value to have increased from £240,000 to £299,869 over the three years and four months to December 2024, the following assumptions must hold true:

• The value of 5 WELCHMAN CLOSE has moved in line with the HPI for detached houses in the Charnwood local authority area.
• The April 2020 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 5 WELCHMAN CLOSE has not materially changed since April 2020.

How Large is 5 WELCHMAN CLOSE?

5 WELCHMAN CLOSE is 83m² according to the EPC inspection conducted in February 2013. This puts it in the smallest 20% of detached houses houses in Loughborough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Loughborough, and where 5 WELCHMAN CLOSE lies on this distribution: 16% of detached houses houses are smaller than 5 WELCHMAN CLOSE, and 83% of houses are larger. Note that EPC data is not available for all properties in Loughborough.

5 WELCHMAN CLOSE: Plot and Title Map

5 WELCHMAN CLOSE sits on a plot of roughly 0.105 of an acre, or 426m². The below map shows the location of 5 WELCHMAN 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 WELCHMAN 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 WELCHMAN CLOSE?

5 WELCHMAN CLOSE is located in LOUGHBOROUGH, in the LE11 postcode district. The below map shows the position of No. 5 on WELCHMAN CLOSE.