7, NEWARK CLOSE, SHEPSHED, LOUGHBOROUGH, LE12 9PJ - £321,250

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

7 NEWARK CLOSE is a large extended detached house of 136m², built sometime between 1976 and 1982. It was last sold for £321,250 in January 2021, which was around 11% below the average January 2021 detached price in the Charnwood local authority area. The most recent EPC inspection was March 2020, where the current energy rating was C, and the potential energy rating was B.

7 NEWARK CLOSE Sold Prices

Land registry data shows two sales for 7 NEWARK 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 NEWARK 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
2021 13 JAN	£321,250	£359,815	11% below HPI
2002 29 NOV	£128,000	£176,272	27% below HPI

7 NEWARK 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 NEWARK CLOSE sales from November 2002 and January 2021 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 2002 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the January 2021 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 7 NEWARK CLOSE?

7 NEWARK CLOSE is 136m², which includes two extensions, according to the EPC inspection conducted in March 2020. This puts it in the largest 30% of detached houses in Shepshed, based on EPC data. The below chart shows the distribution of detached houses by size in Shepshed, and where 7 NEWARK CLOSE lies on this distribution: 80% of detached houses are smaller than 7 NEWARK CLOSE, and 20% of houses are larger. Note that EPC data is not available for all properties in Shepshed.

7 NEWARK CLOSE: Plot and Title Map

7 NEWARK CLOSE sits on a plot of roughly 0.078 of an acre, or 317m². The below map shows the location of 7 NEWARK 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 NEWARK 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 NEWARK CLOSE?

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