CHERRYTREES, MAIN STREET, COUNTESTHORPE, LEICESTER, LE8 5QX - £735,000

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.

CHERRYTREES is a very large detached house of 205m², built sometime between 1996 and 2002, which could now be worth an estimated £909,173. It was last sold for £735,000 in August 2019, which was around 133% above the average August 2019 detached price in the Blaby local authority area. The most recent EPC inspection was September 2018, where the current energy rating was C, and the potential energy rating was B.

CHERRYTREES Sold Prices

Land registry data shows three sales for CHERRYTREES since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Blaby local authority area for the corresponding sale date. All of the three CHERRYTREES 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
2019 8 AUG	£735,000	£315,491	133% above HPI
2008 16 MAY	£497,500	£235,077	112% above HPI
2002 9 DEC	£374,000	£157,117	138% above HPI

CHERRYTREES Price Paid vs. HPI Average

The below graph shows the average detached house price in the Blaby local authority area over time, sourced from the HPI. The three CHERRYTREES sales between December 2002 and August 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 May 2008 sale was for 112% above the HPI. So the extrapolation line tracks at 112% above the HPI over time, until the August 2019 sale, where it rises to 133% above the HPI. The line then continues to track at 133% above the HPI.

What might CHERRYTREES be worth now?

CHERRYTREES might now be worth an estimated £909,173.

This is based on house price inflation of 23.7%, between August 2019 and February 2025, for detached houses, in the Blaby local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 23.7% inflationary increase is applied to the most recent sale price for CHERRYTREES of £735,000 on 8th August 2019. For the value to have increased from £735,000 to £909,173 over the six years and six months to February 2025, the following assumptions must hold true:

• The value of CHERRYTREES has moved in line with the HPI for detached houses in the Blaby local authority area.
• The August 2019 sale price of £735,000 represented a fair market value for the property.
• The size, condition, and specification of CHERRYTREES has not materially changed since August 2019.

How Large is CHERRYTREES?

CHERRYTREES is 205m² according to the EPC inspection conducted in September 2018. This puts it in the largest 10% of detached houses houses in Countesthorpe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Countesthorpe, and where CHERRYTREES lies on this distribution: 95% of detached houses houses are smaller than CHERRYTREES, and 5% of houses are larger. Note that EPC data is not available for all properties in Countesthorpe.

CHERRYTREES: Plot and Title Map

CHERRYTREES sits on a plot of roughly 0.190 of an acre, or 769m². The below map shows the location of CHERRYTREES, 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 CHERRYTREES). 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 CHERRYTREES?

CHERRYTREES is located on MAIN STREET in COUNTESTHORPE, in the LE8 postcode district. The below map shows the position of CHERRYTREES on MAIN STREET.