GATE CLOSE, ELMETE LANE, LEEDS, LS8 2LJ - £685,000

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.

GATE CLOSE is a large extended detached house of 162m², built sometime before 1900, which could now be worth an estimated £942,502. It was last sold for £685,000 in March 2018, which was around 114% above the average March 2018 detached price in the Leeds local authority area. The most recent EPC inspection was April 2017, where the current energy rating was D, and the potential energy rating was C.

GATE CLOSE Sold Prices

Land registry data shows two sales for GATE 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 Leeds local authority area for the corresponding sale date. Both of the two GATE 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
2018 22 MAR	£685,000	£320,112	114% above HPI
2016 22 JUL	£465,000	£300,209	55% above HPI

GATE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Leeds local authority area over time, sourced from the HPI. The two GATE CLOSE sales from July 2016 and March 2018 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 July 2016 sale was for 55% above the HPI. So the extrapolation line tracks at 55% above the HPI over time, until the March 2018 sale, where it rises to 114% above the HPI. The line then continues to track at 114% above the HPI.

What might GATE CLOSE be worth now?

GATE CLOSE might now be worth an estimated £942,502.

This is based on house price inflation of 37.6%, between March 2018 and June 2025, for detached houses, in the Leeds local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 37.6% inflationary increase is applied to the most recent sale price for GATE CLOSE of £685,000 on 22nd March 2018. For the value to have increased from £685,000 to £942,502 over the six years and nine months to June 2025, the following assumptions must hold true:

• The value of GATE CLOSE has moved in line with the HPI for detached houses in the Leeds local authority area.
• The March 2018 sale price of £685,000 represented a fair market value for the property.
• The size, condition, and specification of GATE CLOSE has not materially changed since March 2018.

How Large is GATE CLOSE?

GATE CLOSE is 162m², which includes two extensions, according to the EPC inspection conducted in April 2017. This puts it in the largest 30% of detached houses houses in Leeds, based on EPC data. The below chart shows the distribution of detached houses houses by size in Leeds, and where GATE CLOSE lies on this distribution: 78% of detached houses houses are smaller than GATE CLOSE, and 22% of houses are larger. Note that EPC data is not available for all properties in Leeds.

GATE CLOSE: Plot and Title Map

GATE CLOSE sits on a plot of roughly 0.570 of an acre, or 2,306m². The below map shows the location of GATE 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 GATE 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 GATE CLOSE?

GATE CLOSE is located on ELMETE LANE in LEEDS, in the LS8 postcode district. The below map shows the position of GATE CLOSE on ELMETE LANE.