7, IRIS CLOSE, MOUNTSORREL, LOUGHBOROUGH, LE12 7FT - £158,700

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

7 IRIS CLOSE is a very small extended detached house of 72m², built sometime between 1996 and 2002, which could now be worth an estimated £273,341. It was last sold for £158,700 in May 2011, which was around 34% below the average May 2011 detached price in the Charnwood local authority area. The most recent EPC inspection was February 2010, where the current energy rating was C, and the potential energy rating was C.

7 IRIS CLOSE Sold Prices

Land registry data shows two sales for 7 IRIS 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 7 IRIS 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
2011 13 MAY	£158,700	£241,655	34% below HPI
1996 15 NOV	£54,995	£84,272	35% below HPI

7 IRIS 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 7 IRIS CLOSE sales from November 1996 and May 2011 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 1996 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the May 2011 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 7 IRIS CLOSE be worth now?

7 IRIS CLOSE might now be worth an estimated £273,341.

This is based on house price inflation of 72.2%, between May 2011 and February 2025, 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 72.2% inflationary increase is applied to the most recent sale price for 7 IRIS CLOSE of £158,700 on 13th May 2011. For the value to have increased from £158,700 to £273,341 over the fourteen years and three months to February 2025, the following assumptions must hold true:

• The value of 7 IRIS CLOSE has moved in line with the HPI for detached houses in the Charnwood local authority area.
• The May 2011 sale price of £158,700 represented a fair market value for the property.
• The size, condition, and specification of 7 IRIS CLOSE has not materially changed since May 2011.

How Large is 7 IRIS CLOSE?

7 IRIS CLOSE is 72m², which includes one extension, according to the EPC inspection conducted in February 2010. This puts it in the smallest 10% of detached houses houses in Mountsorrel, based on EPC data. The below chart shows the distribution of detached houses houses by size in Mountsorrel, and where 7 IRIS CLOSE lies on this distribution: 8% of detached houses houses are smaller than 7 IRIS CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Mountsorrel.

7 IRIS CLOSE: Plot and Title Map

7 IRIS CLOSE sits on a plot of roughly 0.068 of an acre, or 274m². The below map shows the location of 7 IRIS 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 7 IRIS 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 7 IRIS CLOSE?

7 IRIS CLOSE is located in MOUNTSORREL, in the LE12 postcode district. The below map shows the position of No. 7 on IRIS CLOSE.