7, ORSETT CLOSE, LEICESTER, LE5 0AL - £225,000

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

7 ORSETT CLOSE is a very small detached house of 80m², built sometime between 1996 and 2002. It was last sold for £225,000 in January 2019, which was around 26% below the average January 2019 detached price in the Leicester local authority area. The most recent EPC inspection was March 2018, where the current energy rating was C, and the potential energy rating was B.

7 ORSETT CLOSE Sold Prices

Land registry data shows three sales for 7 ORSETT CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Leicester local authority area for the corresponding sale date. All of the three 7 ORSETT 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
2019 25 JAN	£225,000	£303,634	26% below HPI
2018 14 DEC	£220,000	£306,662	28% below HPI
1998 26 FEB	£69,950	£74,909	7% below HPI

7 ORSETT 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 three 7 ORSETT CLOSE sales between February 1998 and January 2019 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 December 2018 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the January 2019 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 7 ORSETT CLOSE?

7 ORSETT CLOSE is 80m² according to the EPC inspection conducted in March 2018. This puts it in the smallest 20% of detached houses in Leicester, based on EPC data. The below chart shows the distribution of detached houses by size in Leicester, and where 7 ORSETT CLOSE lies on this distribution: 14% of detached houses are smaller than 7 ORSETT CLOSE, and 86% of houses are larger. Note that EPC data is not available for all properties in Leicester.

7 ORSETT CLOSE: Plot and Title Map

7 ORSETT CLOSE sits on a plot of roughly 0.071 of an acre, or 286m². The below map shows the location of 7 ORSETT 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 ORSETT 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 ORSETT CLOSE?

7 ORSETT CLOSE is located in LEICESTER, in the LE5 postcode district. The below map shows the position of No. 7 on ORSETT CLOSE.