7, THE CLOSE, ALBERT VILLAGE, SWADLINCOTE, DE11 8ES - £162,000

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 THE CLOSE is a very small detached house of 76m², built sometime between 1930 and 1949. It was last sold for £162,000 in July 2014, which was around 29% below the average July 2014 detached price in the North West Leicestershire local authority area. The most recent EPC inspection was June 2014, where the current energy rating was E, and the potential energy rating was D.

7 THE CLOSE Sold Prices

Land registry data shows three sales for 7 THE 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 North West Leicestershire local authority area for the corresponding sale date. All of the three 7 THE 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
2014 2 JUL	£162,000	£227,588	29% below HPI
2004 22 MAR	£118,000	£181,371	35% below HPI
2002 13 SEP	£70,000	£141,728	51% below HPI

7 THE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North West Leicestershire local authority area over time, sourced from the HPI. The three 7 THE CLOSE sales between September 2002 and July 2014 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 March 2004 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the July 2014 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 7 THE CLOSE?

7 THE CLOSE is 76m² according to the EPC inspection conducted in June 2014. This puts it in the smallest 20% of detached houses in Swadlincote, based on EPC data. The below chart shows the distribution of detached houses by size in Swadlincote, and where 7 THE CLOSE lies on this distribution: 16% of detached houses are smaller than 7 THE CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Swadlincote.

7 THE CLOSE: Plot and Title Map

7 THE CLOSE sits on a plot of roughly 0.089 of an acre, or 360m². The below map shows the location of 7 THE 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 THE 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 THE CLOSE?

7 THE CLOSE is located in ALBERT VILLAGE, in the DE11 postcode district. The below map shows the position of No. 7 on THE CLOSE.