Detached
1130 sq ft
14.7%
PROPERTY VALUATION
£
Last sold: September 2023
INVESTMENT PERFORMANCE
Investment return: 1.5% per year throughout 2015 - 2023
PRICE CHANGE
£38,500
Percentage change: +14.7%
REFINE VALUATION
Property summary Last updated: 05/06/2024
Last updated: 05/06/2024
3 Patrick Street, Market Harborough is a detached house spread over 1,130 square feet, making it one of the bigger properties here - it is ranked as the 9th most expensive property* in LE16 9HP, with a valuation of £300,000.
Since it last sold in September 2023 for £261,500, its value has increased by £38,500.
Detached houses across LE16 9 have been selling for £355 per square foot.
This property is currently valued at £265 per square foot.
We expect this property to be in a reasonable condition based on its price per square foot.
79 detached houses have sold at an average price of £449,000 in LE16 9 over the last 12 months.
- This property is the most recently recorded sale in LE16 9HP.
- The average property value in this postcode is £249,000.
- 11 properties have sold in LE16 9HP over the last 5 years.
Stunning value location Bigger than average
Recently sold in the local area
Searching for recent sales near here
15%
This property has increased in price by 15% since it last sold 9 months ago.
21%
This property is 21% more expensive than average in Patrick Street, LE16 9HP.
Sale history
The most paid for a property in Patrick Street, LE16 9HP was £304,000 in 2021.
| Date | Price | Change |
|---|---|---|
| Today's value* | £300,000 | 14.7% |
| 01 Sep 2023 | £261,500 | 12.2% |
| 02 Nov 2015 | £233,000 | - |
Investment Performance
Annual change: 1.5%
The previous owner had the property for 7 years, having purchased it in November 2015 for £233,000.
During this time, the price rose by £28,500 (12.2%), which equates to it increasing in value by 1.5% each year.
The property didn't turn out to be a great investment for the previous owner.
The local market - Patrick Street, LE16 9HP
Why is The Move Market valuation less than my estate agents valuation?
- Valuations range from £171,000 for a 825 square foot terraced house to £362,000 for a 1,830 square foot terraced house.
- The average price of property in Patrick Street is £248,853.
- Expect to pay between £214 and £290 per square foot for a property in Patrick Street, the average cost per square foot here is £252.
- Street View
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What home improvements will add the most value?
Valuation details
14.7%
Since 3 Patrick Street last sold 10 months ago, it has increased in price by 14.7%.
At its last energy performance certificate inspection, it got an above average rating for this postcode with a score of 82 out of 100.
On a cost per square foot basis, this property is valued at 5% more than the other houses in this postcode.
PROPERTY VITALS
- Freehold detached house
- 1,130 square feet
- 16% bigger than the average property in this postcode
- 21% more expensive than the average here
This property is currently valued at £265 per square foot - the average cost per square foot for this postcode is £252.
A higher cost per square foot can indicate that the property is in a better condition than the other properties or that it has a bigger garden (for more information see our valuation review) of this property.
If the property was previously purchased in a bad state of repair, making home improvements could increase its sale price to £345,000.
SOLD PRICES SALES GRAPH
Essential buying details
-
If no refurbishment work has been carried out since it was last purchased, we expect the property to sell for between £284k and £317k.
-
The property didn't turn out to be a great investment for the previous owner - returning on average 1.5% per annum.
| Property | Valuation | ||
|---|---|---|---|
 | 43 Patrick Street, Market Harborough 2 bed | 721 sq. ft. | £210,000 (-2% since 2022) | |
 | 30 Patrick Street, Market Harborough 2 bed | 732 sq. ft. | £210,000(+18% since 2021) | |
| 50 Patrick Street, Market Harborough 818 sq.ft. | £227,000 (-1% since 2023) | ||
| 3 Patrick Street, Market Harborough 1130 sq.ft. | £300,000(+15% since 2023) | ||
 | 2 Patrick Street, Market Harborough 4 bed | 1830 sq. ft. | £362,000(+19% since 2021) |
VIEW ALL VALUATIONS
Expected property condition
For this property to sell at £300k, we expect this property to be in a similar condition to the neighbouring properties in the road.
At this sale price, this property has a cost per square foot of £265 - this is comparable to the other properties in the road (which have an average cost per square foot coming in at £252).
The property condition is forecast based on the cost per square foot valuation when compared to other properties in the road.
Refurbishment
Fully refurbished valuation
£327k
Low end expectation
£365k
High end potential
If 3 Patrick Street, Market Harborough was previously purchased in a poor state of repair and then refurbished throughout, we would expect it to sit within a new price range starting at £327,000 and possibly fetching up to £365,000.
See how home improvements can increase the value of this property.
Update valuation
How do we calculate valuations?
Our property valuation model calculates the latest property prices using data from trusted external sources in combination with available user-submitted information - this includes HM Land Registry which is the UK's official register for ownership of land and property in England and Wales.
The model takes into account what has sold, when and how prices have changed over time. It also brings in multiple datasources to cross reference accuracy with the latest sales data and cost per square foot benchmarks.
In addtion to this, we filter out bad data where we are able to identify it so we can improve accuracy.
If home improvements have been made or the property has been extended after it was last purchased, these improvements won't be taken into account if we don't know about them. For properties that have had home improvements made, you can get an updated valuation here.
What makes a property more desirable?
A number of things can make a property more desirable and sell for more money per square foot than others in the area.
Some of the things that can cause a property to be worth more per square foot include:
- Good school catchment area
- Good transport links
- Bigger garden
- Offstreet parking and garages
- High quality architectural designs (a.k.a pretty houses!)
- Good quality home improvements
Where do we get our data?
We use multiple data sources to provide reliable property information to you.
Some of the data sources we use are:
- HM Land Registry
- Ordnance Survey
- Department for Levelling Up, Housing & Communities
- Royal Mail
- Estate agents
- Property listings
Licenses, disclaimers and further notes
* Excluding properties that we've been unable to calculate a valuation for.
** Excludes property transactions that occurred before 1995.
^ The most recent sale where we have price per square foot data.
Whilst all reasonable effort is made to ensure the information in this website is current, The Move Market does not warrant the accuracy or completeness and accepts no liability for any loss or damage or costs.
Contains HM Land Registry data © Crown copyright and database right 2023. This data is licensed under the Open Government Licence v3.0.
The latest HM Land registry data covers property transactions up until 31/03/2024 - this was released on the 29/04/2024.
