8, WELCHMAN CLOSE, LOUGHBOROUGH, LE11 2US - £333,200

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 WELCHMAN CLOSE is a small detached house of 90m², which could now be worth an estimated £333,021. It was last sold for £333,200 in December 2022, which was around 20% below the average December 2022 detached price in the Charnwood local authority area. The most recent EPC inspection was July 2012, where the current energy rating was C, and the potential energy rating was C.

8 WELCHMAN CLOSE Sold Prices

Land registry data shows two sales for 8 WELCHMAN 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 Charnwood local authority area for the corresponding sale date. Both of the two 8 WELCHMAN 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
2022 16 DEC	£333,200	£416,445	20% below HPI
2015 28 AUG	£217,500	£269,262	19% below HPI

8 WELCHMAN CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Charnwood local authority area over time, sourced from the HPI. The two 8 WELCHMAN CLOSE sales from August 2015 and December 2022 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 2015 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the December 2022 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 8 WELCHMAN CLOSE be worth now?

8 WELCHMAN CLOSE might now be worth an estimated £333,021.

This is based on house price deflation of 0.1%, between December 2022 and February 2025, for detached houses, in the Charnwood local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.1% deflationary decrease is applied to the most recent sale price for 8 WELCHMAN CLOSE of £333,200 on 16th December 2022. For the value to have decreased from £333,200 to £333,021 over the three years and ten months to February 2025, the following assumptions must hold true:

• The value of 8 WELCHMAN CLOSE has moved in line with the HPI for detached houses in the Charnwood local authority area.
• The December 2022 sale price of £333,200 represented a fair market value for the property.
• The size, condition, and specification of 8 WELCHMAN CLOSE has not materially changed since December 2022.

How Large is 8 WELCHMAN CLOSE?

8 WELCHMAN CLOSE is 90m² according to the EPC inspection conducted in July 2012. This puts it in the smallest 30% of detached houses houses in Loughborough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Loughborough, and where 8 WELCHMAN CLOSE lies on this distribution: 24% of detached houses houses are smaller than 8 WELCHMAN CLOSE, and 75% of houses are larger. Note that EPC data is not available for all properties in Loughborough.

8 WELCHMAN CLOSE: Plot and Title Map

8 WELCHMAN CLOSE sits on a plot of roughly 0.101 of an acre, or 408m². The below map shows the location of 8 WELCHMAN 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 WELCHMAN 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 WELCHMAN CLOSE?

8 WELCHMAN CLOSE is located in LOUGHBOROUGH, in the LE11 postcode district. The below map shows the position of No. 8 on WELCHMAN CLOSE.