THE RESERVOIR, RATCLIFFE ROAD, COSSINGTON, LEICESTER, LE7 4SP - £1,870,000

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.

THE RESERVOIR is a very large extended detached house of 667m², built sometime before 1900, which could now be worth an estimated £1,984,916. It was last sold for £1,870,000 in May 2022, which was around 377% above the average May 2022 detached price in the Charnwood local authority area. The most recent EPC inspection was September 2021, where the current energy rating was D, and the potential energy rating was D.

THE RESERVOIR Sold Prices

Land registry data shows three sales for THE RESERVOIR since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Charnwood local authority area for the corresponding sale date. All of the three THE RESERVOIR 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
2022 11 MAY	£1,870,000	£392,124	377% above HPI
2016 13 SEP	£585,000	£283,926	106% above HPI
2004 16 MAR	£990,000	£213,105	365% above HPI

THE RESERVOIR 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 three THE RESERVOIR sales between March 2004 and May 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 September 2016 sale was for 106% above the HPI. So the extrapolation line tracks at 106% above the HPI over time, until the May 2022 sale, where it rises to 377% above the HPI. The line then continues to track at 377% above the HPI.

What might THE RESERVOIR be worth now?

THE RESERVOIR might now be worth an estimated £1,984,916.

This is based on house price inflation of 6.1%, between May 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 6.1% inflationary increase is applied to the most recent sale price for THE RESERVOIR of £1,870,000 on 11th May 2022. For the value to have increased from £1,870,000 to £1,984,916 over the three years and three months to February 2025, the following assumptions must hold true:

• The value of THE RESERVOIR has moved in line with the HPI for detached houses in the Charnwood local authority area.
• The May 2022 sale price of £1,870,000 represented a fair market value for the property.
• The size, condition, and specification of THE RESERVOIR has not materially changed since May 2022.

How Large is THE RESERVOIR?

THE RESERVOIR is 667m², which includes one extension, according to the EPC inspection conducted in September 2021. This puts it in the largest 10% of detached houses houses in Cossington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cossington, and where THE RESERVOIR lies on this distribution: More than 99% of detached houses houses are smaller than THE RESERVOIR, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Cossington.

THE RESERVOIR: Plot and Title Map

THE RESERVOIR sits on a plot of roughly 1.1 acres, or 4,595m². The below map shows the location of THE RESERVOIR, 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 RESERVOIR). 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 RESERVOIR?

THE RESERVOIR is located on RATCLIFFE ROAD in COSSINGTON, in the LE7 postcode district. The below map shows the position of THE RESERVOIR on RATCLIFFE ROAD.