7, SILVERWOOD CLOSE, LEICESTER, LE5 2GT - £243,000

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.

7 SILVERWOOD CLOSE is a very large extended detached house of 158m², built sometime between 1976 and 1982, which could now be worth an estimated £522,064. It was last sold for £243,000 in February 2009, which was around 35% above the average February 2009 detached price in the Leicester local authority area. The most recent EPC inspection was December 2013, where the current energy rating was C, and the potential energy rating was B.

7 SILVERWOOD CLOSE Sold Prices

Land registry data shows three sales for 7 SILVERWOOD 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 SILVERWOOD CLOSE sales were for above 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
2009 27 FEB	£243,000	£179,702	35% above HPI
2002 4 NOV	£190,000	£141,707	34% above HPI
1995 18 AUG	£71,800	£68,022	6% above HPI

7 SILVERWOOD 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 SILVERWOOD CLOSE sales between August 1995 and February 2009 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 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the February 2009 sale, where it rises to 35% above the HPI. The line then continues to track at 35% above the HPI.

What might 7 SILVERWOOD CLOSE be worth now?

7 SILVERWOOD CLOSE might now be worth an estimated £522,064.

This is based on house price inflation of 114.8%, between February 2009 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 114.8% inflationary increase is applied to the most recent sale price for 7 SILVERWOOD CLOSE of £243,000 on 27th February 2009. For the value to have increased from £243,000 to £522,064 over the sixteen years to February 2025, the following assumptions must hold true:

• The value of 7 SILVERWOOD CLOSE has moved in line with the HPI for detached houses in the Leicester local authority area.
• The February 2009 sale price of £243,000 represented a fair market value for the property.
• The size, condition, and specification of 7 SILVERWOOD CLOSE has not materially changed since February 2009.

How Large is 7 SILVERWOOD CLOSE?

7 SILVERWOOD CLOSE is 158m², which includes two extensions, according to the EPC inspection conducted in December 2013. This puts it in the largest 20% 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 7 SILVERWOOD CLOSE lies on this distribution: 80% of detached houses houses are smaller than 7 SILVERWOOD CLOSE, and 19% of houses are larger. Note that EPC data is not available for all properties in Leicester.

7 SILVERWOOD CLOSE: Plot and Title Map

7 SILVERWOOD CLOSE sits on a plot of roughly 0.139 of an acre, or 563m². The below map shows the location of 7 SILVERWOOD 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 SILVERWOOD 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 SILVERWOOD CLOSE?

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