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

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 THE CLOSE is a very small detached house of 76m², built sometime between 1930 and 1949, which could now be worth an estimated £266,749. It was last sold for £162,000 in July 2014, which was around 33% 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	£241,343	33% below HPI
2004 22 MAR	£118,000	£192,333	39% below HPI
2002 13 SEP	£70,000	£150,294	53% 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 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the July 2014 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 7 THE CLOSE be worth now?

7 THE CLOSE might now be worth an estimated £266,749.

This is based on house price inflation of 64.7%, between July 2014 and February 2025, for detached houses, in the North West Leicestershire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 64.7% inflationary increase is applied to the most recent sale price for 7 THE CLOSE of £162,000 on 2nd July 2014. For the value to have increased from £162,000 to £266,749 over the eleven years and five months to February 2025, the following assumptions must hold true:

• The value of 7 THE CLOSE has moved in line with the HPI for detached houses in the North West Leicestershire local authority area.
• The July 2014 sale price of £162,000 represented a fair market value for the property.
• The size, condition, and specification of 7 THE CLOSE has not materially changed since July 2014.

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 houses in Swadlincote, based on EPC data. The below chart shows the distribution of detached houses houses by size in Swadlincote, and where 7 THE CLOSE lies on this distribution: 15% of detached houses 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.