54, SHIRE CLOSE, LEICESTER, LE3 6SN - £147,000

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.

54 SHIRE CLOSE is a small detached house of 94m², built sometime between 1967 and 1975, which could now be worth an estimated £220,129. It was last sold for £147,000 in February 2017, which was around 43% below the average February 2017 detached price in the Leicester local authority area. The most recent EPC inspection was October 2010, where the current energy rating was D, and the potential energy rating was C.

54 SHIRE CLOSE Sold Prices

Land registry data shows two sales for 54 SHIRE 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 54 SHIRE 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
2017 13 FEB	£147,000	£257,817	43% below HPI
2011 11 FEB	£125,000	£198,790	37% below HPI

54 SHIRE 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 54 SHIRE CLOSE sales from February 2011 and February 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 2011 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the February 2017 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

What might 54 SHIRE CLOSE be worth now?

54 SHIRE CLOSE might now be worth an estimated £220,129.

This is based on house price inflation of 49.7%, between February 2017 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 49.7% inflationary increase is applied to the most recent sale price for 54 SHIRE CLOSE of £147,000 on 13th February 2017. For the value to have increased from £147,000 to £220,129 over the eight years to February 2025, the following assumptions must hold true:

• The value of 54 SHIRE CLOSE has moved in line with the HPI for detached houses in the Leicester local authority area.
• The February 2017 sale price of £147,000 represented a fair market value for the property.
• The size, condition, and specification of 54 SHIRE CLOSE has not materially changed since February 2017.

How Large is 54 SHIRE CLOSE?

54 SHIRE CLOSE is 94m² according to the EPC inspection conducted in October 2010. This puts it in the smallest 30% 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 54 SHIRE CLOSE lies on this distribution: 29% of detached houses houses are smaller than 54 SHIRE CLOSE, and 71% of houses are larger. Note that EPC data is not available for all properties in Leicester.

54 SHIRE CLOSE: Plot and Title Map

54 SHIRE CLOSE sits on a plot of roughly 0.090 of an acre, or 365m². The below map shows the location of 54 SHIRE 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 54 SHIRE 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 54 SHIRE CLOSE?

54 SHIRE CLOSE is located in LEICESTER, in the LE3 postcode district. The below map shows the position of No. 54 on SHIRE CLOSE.