SOAR REACH, CHAPEL STREET, SHARNFORD, HINCKLEY, LE10 3PF - £210,000

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

SOAR REACH is a very small detached house of 74m², built sometime between 1967 and 1975, which could now be worth an estimated £233,340. It was last sold for £210,000 in August 2021, which was around 40% below the average August 2021 detached price in the Blaby local authority area. The most recent EPC inspection was August 2021, where the current energy rating was D, and the potential energy rating was B.

SOAR REACH Sold Prices

Land registry data shows two sales for SOAR REACH since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Blaby local authority area for the corresponding sale date. Both of the two SOAR REACH 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
2021 27 AUG	£210,000	£351,217	40% below HPI
2015 25 MAR	£174,950	£238,057	27% below HPI

SOAR REACH 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 two SOAR REACH sales from March 2015 and August 2021 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 March 2015 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the August 2021 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

What might SOAR REACH be worth now?

SOAR REACH might now be worth an estimated £233,340.

This is based on house price inflation of 11.1%, between August 2021 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 11.1% inflationary increase is applied to the most recent sale price for SOAR REACH of £210,000 on 27th August 2021. For the value to have increased from £210,000 to £233,340 over the four years and six months to February 2025, the following assumptions must hold true:

• The value of SOAR REACH has moved in line with the HPI for detached houses in the Blaby local authority area.
• The August 2021 sale price of £210,000 represented a fair market value for the property.
• The size, condition, and specification of SOAR REACH has not materially changed since August 2021.

How Large is SOAR REACH?

SOAR REACH is 74m² according to the EPC inspection conducted in August 2021. This puts it in the smallest 10% of detached houses houses in Sharnford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Sharnford, and where SOAR REACH lies on this distribution: 1% of detached houses houses are smaller than SOAR REACH, and 99% of houses are larger. Note that EPC data is not available for all properties in Sharnford.

SOAR REACH: Plot and Title Map

SOAR REACH sits on a plot of roughly 0.118 of an acre, or 478m². The below map shows the location of SOAR REACH, 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 SOAR REACH). 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 SOAR REACH?

SOAR REACH is located on CHAPEL STREET in SHARNFORD, in the LE10 postcode district. The below map shows the position of SOAR REACH on CHAPEL STREET.