7, RIPLEY CLOSE, MARKET HARBOROUGH, LE16 8JB - £355,000

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

7 RIPLEY CLOSE is a midsized extended detached house of 129m², built sometime between 1996 and 2002. It was last sold for £355,000 in December 2019, which was around 10% below the average December 2019 detached price in the Harborough local authority area. The most recent EPC inspection was August 2019, where the current energy rating was C, and the potential energy rating was B.

7 RIPLEY CLOSE Sold Prices

Land registry data shows three sales for 7 RIPLEY 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 Harborough local authority area for the corresponding sale date. All of the three 7 RIPLEY 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 20 DEC	£355,000	£395,761	10% below HPI
2009 17 NOV	£195,000	£251,890	23% below HPI
1997 26 FEB	£78,950	£91,132	13% below HPI

7 RIPLEY CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Harborough local authority area over time, sourced from the HPI. The three 7 RIPLEY CLOSE sales between February 1997 and December 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 November 2009 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the December 2019 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 7 RIPLEY CLOSE be worth now?

7 RIPLEY CLOSE might now be worth an estimated £442,084.

This is based on house price inflation of 24.5%, between December 2019 and December 2024, for detached houses, in the Harborough local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 24.5% inflationary increase is applied to the most recent sale price for 7 RIPLEY CLOSE of £355,000 on 20th December 2019. For the value to have increased from £355,000 to £442,084 over the five years to December 2024, the following assumptions must hold true:

• The value of 7 RIPLEY CLOSE has moved in line with the HPI for detached houses in the Harborough local authority area.
• The December 2019 sale price of £355,000 represented a fair market value for the property.
• The size, condition, and specification of 7 RIPLEY CLOSE has not materially changed since December 2019.

How Large is 7 RIPLEY CLOSE?

7 RIPLEY CLOSE is 129m², which includes one extension, according to the EPC inspection conducted in August 2019. This puts it in the largest 50% of detached houses houses in Market Harborough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Market Harborough, and where 7 RIPLEY CLOSE lies on this distribution: 56% of detached houses houses are smaller than 7 RIPLEY CLOSE, and 43% of houses are larger. Note that EPC data is not available for all properties in Market Harborough.

7 RIPLEY CLOSE: Plot and Title Map

7 RIPLEY CLOSE sits on a plot of roughly 0.075 of an acre, or 303m². The below map shows the location of 7 RIPLEY 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 RIPLEY 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 RIPLEY CLOSE?

7 RIPLEY CLOSE is located in MARKET HARBOROUGH, in the LE16 postcode district. The below map shows the position of No. 7 on RIPLEY CLOSE.