8, FERN LEY CLOSE, MARKET HARBOROUGH, LE16 8FY - £368,000

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

8 FERN LEY CLOSE is a midsized extended detached house of 122m², built sometime between 1996 and 2002. It was last sold for £368,000 in June 2019, which was around 7% below the average June 2019 detached price in the Harborough local authority area. The most recent EPC inspection was June 2019, where the current energy rating was C, and the potential energy rating was B.

8 FERN LEY CLOSE Sold Prices

Land registry data shows four sales for 8 FERN LEY CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Harborough local authority area for the corresponding sale date. All of the four 8 FERN LEY 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 28 JUN	£368,000	£396,336	7% below HPI
2005 26 AUG	£224,000	£254,615	12% below HPI
2002 21 NOV	£162,950	£185,524	12% below HPI
2002 1 OCT	£162,950	£182,567	11% below HPI

8 FERN LEY 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 four 8 FERN LEY CLOSE sales between October 2002 and June 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 August 2005 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the June 2019 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 8 FERN LEY CLOSE be worth now?

8 FERN LEY CLOSE might now be worth an estimated £457,608.

This is based on house price inflation of 24.4%, between June 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 24.4% inflationary increase is applied to the most recent sale price for 8 FERN LEY CLOSE of £368,000 on 28th June 2019. For the value to have increased from £368,000 to £457,608 over the four years and six months to December 2024, the following assumptions must hold true:

• The value of 8 FERN LEY CLOSE has moved in line with the HPI for detached houses in the Harborough local authority area.
• The June 2019 sale price of £368,000 represented a fair market value for the property.
• The size, condition, and specification of 8 FERN LEY CLOSE has not materially changed since June 2019.

How Large is 8 FERN LEY CLOSE?

8 FERN LEY CLOSE is 122m², which includes three extensions, according to the EPC inspection conducted in June 2019. This puts it in the smallest 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 8 FERN LEY CLOSE lies on this distribution: 49% of detached houses houses are smaller than 8 FERN LEY CLOSE, and 51% of houses are larger. Note that EPC data is not available for all properties in Market Harborough.

8 FERN LEY CLOSE: Plot and Title Map

8 FERN LEY CLOSE sits on a plot of roughly 0.090 of an acre, or 363m². The below map shows the location of 8 FERN LEY 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 FERN LEY 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 FERN LEY CLOSE?

8 FERN LEY CLOSE is located in MARKET HARBOROUGH, in the LE16 postcode district. The below map shows the position of No. 8 on FERN LEY CLOSE.