8, PARHAM CLOSE, LEICESTER, LE3 9ER - £245,000

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.

8 PARHAM CLOSE is a small detached house of 97m², built sometime between 1996 and 2002, which could now be worth an estimated £407,355. It was last sold for £245,000 in August 2015, which was around 7% above the average August 2015 detached price in the Leicester local authority area. The most recent EPC inspection was September 2014, where the current energy rating was D, and the potential energy rating was B.

8 PARHAM CLOSE Sold Prices

Land registry data shows two sales for 8 PARHAM CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Leicester local authority area for the corresponding sale date. Both of the two 8 PARHAM 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
2015 28 AUG	£245,000	£228,546	7% above HPI
2000 8 DEC	£102,995	£90,252	14% above HPI

8 PARHAM 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 two 8 PARHAM CLOSE sales from December 2000 and August 2015 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 December 2000 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the August 2015 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might 8 PARHAM CLOSE be worth now?

8 PARHAM CLOSE might now be worth an estimated £407,355.

This is based on house price inflation of 66.3%, between August 2015 and March 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 66.3% inflationary increase is applied to the most recent sale price for 8 PARHAM CLOSE of £245,000 on 28th August 2015. For the value to have increased from £245,000 to £407,355 over the ten years and five months to March 2025, the following assumptions must hold true:

• The value of 8 PARHAM CLOSE has moved in line with the HPI for detached houses in the Leicester local authority area.
• The August 2015 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 8 PARHAM CLOSE has not materially changed since August 2015.

How Large is 8 PARHAM CLOSE?

8 PARHAM CLOSE is 97m² according to the EPC inspection conducted in September 2014. This puts it in the smallest 40% 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 8 PARHAM CLOSE lies on this distribution: 31% of detached houses houses are smaller than 8 PARHAM CLOSE, and 68% of houses are larger. Note that EPC data is not available for all properties in Leicester.

8 PARHAM CLOSE: Plot and Title Map

8 PARHAM CLOSE sits on a plot of roughly 0.062 of an acre, or 251m². The below map shows the location of 8 PARHAM 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 PARHAM 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 PARHAM CLOSE?

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