8, ELDER CLOSE, LEICESTER, LE3 9QY - £275,000

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

8 ELDER CLOSE is a midsized detached house of 120m², built sometime between 1996 and 2002. It was last sold for £275,000 in December 2016, which was around 3% above the average December 2016 detached price in the Leicester local authority area. The most recent EPC inspection was September 2011, where the current energy rating was D, and the potential energy rating was D.

8 ELDER CLOSE Sold Prices

Land registry data shows three sales for 8 ELDER 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 8 ELDER 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
2016 16 DEC	£275,000	£267,889	3% above HPI
2007 21 OCT	£249,950	£223,237	12% above HPI
2002 28 JUN	£161,000	£127,096	27% above HPI

8 ELDER 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 8 ELDER CLOSE sales between June 2002 and December 2016 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 October 2007 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the December 2016 sale, where it falls to 3% above the HPI. The line then continues to track at 3% above the HPI.

How Large is 8 ELDER CLOSE?

8 ELDER CLOSE is 120m² according to the EPC inspection conducted in September 2011. This puts it in the largest 50% of detached houses in Leicester, based on EPC data. The below chart shows the distribution of detached houses by size in Leicester, and where 8 ELDER CLOSE lies on this distribution: 56% of detached houses are smaller than 8 ELDER CLOSE, and 44% of houses are larger. Note that EPC data is not available for all properties in Leicester.

8 ELDER CLOSE: Plot and Title Map

8 ELDER CLOSE sits on a plot of roughly 0.083 of an acre, or 335m². The below map shows the location of 8 ELDER 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 8 ELDER 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 8 ELDER CLOSE?

8 ELDER CLOSE is located in LEICESTER, in the LE3 postcode district. The below map shows the position of No. 8 on ELDER CLOSE.