THE GATEHOUSE, UNION WHARF, MARKET HARBOROUGH, LE16 7UW - £815,000

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

THE GATEHOUSE is a very large detached house of 229m², built sometime between 2003 and 2006. It was last sold for £815,000 in October 2014, which was around 164% above the average October 2014 detached price in the Harborough local authority area. The most recent EPC inspection was February 2014, where the current energy rating was C, and the potential energy rating was B.

THE GATEHOUSE Sold Prices

Land registry data shows three sales for THE GATEHOUSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Harborough local authority area for the corresponding sale date. All of the three THE GATEHOUSE 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
2014 31 OCT	£815,000	£308,402	164% above HPI
2006 7 APR	£500,000	£251,304	99% above HPI
2003 30 MAY	£250,000	£206,614	21% above HPI

THE GATEHOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Harborough local authority area over time, sourced from the HPI. The three THE GATEHOUSE sales between May 2003 and October 2014 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 April 2006 sale was for 99% above the HPI. So the extrapolation line tracks at 99% above the HPI over time, until the October 2014 sale, where it rises to 164% above the HPI. The line then continues to track at 164% above the HPI.

What might THE GATEHOUSE be worth now?

THE GATEHOUSE might now be worth an estimated £1,302,417.

This is based on house price inflation of 59.8%, between October 2014 and December 2024, for detached houses, in the Harborough local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 59.8% inflationary increase is applied to the most recent sale price for THE GATEHOUSE of £815,000 on 31st October 2014. For the value to have increased from £815,000 to £1,302,417 over the nine years and ten months to December 2024, the following assumptions must hold true:

• The value of THE GATEHOUSE has moved in line with the HPI for detached houses in the Harborough local authority area.
• The October 2014 sale price of £815,000 represented a fair market value for the property.
• The size, condition, and specification of THE GATEHOUSE has not materially changed since October 2014.

How Large is THE GATEHOUSE?

THE GATEHOUSE is 229m² according to the EPC inspection conducted in February 2014. This puts it in the largest 10% of detached houses houses in Market Harborough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Market Harborough, and where THE GATEHOUSE lies on this distribution: 98% of detached houses houses are smaller than THE GATEHOUSE, and 2% of houses are larger. Note that EPC data is not available for all properties in Market Harborough.

THE GATEHOUSE: Plot and Title Map

THE GATEHOUSE sits on a plot of roughly 0.115 of an acre, or 466m². The below map shows the location of THE GATEHOUSE, 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 THE GATEHOUSE). 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 THE GATEHOUSE?

THE GATEHOUSE is located on UNION WHARF in MARKET HARBOROUGH, in the LE16 postcode district. The below map shows the position of THE GATEHOUSE on UNION WHARF.