1, HIGHWAY ROAD, LEICESTER, LE5 5RD - £310,000

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.

1 HIGHWAY ROAD is a small detached house of 105m², built sometime between 1930 and 1949, which could now be worth an estimated £354,714. It was last sold for £310,000 in August 2021, which was around 8% below the average August 2021 detached price in the Leicester local authority area. The most recent EPC inspection was November 2015, where the current energy rating was D, and the potential energy rating was B.

1 HIGHWAY ROAD Sold Prices

Land registry data shows three sales for 1 HIGHWAY ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Leicester local authority area for the corresponding sale date. The three 1 HIGHWAY ROAD sales were a mix of below the average price, and roughly equal to 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	£310,000	£337,407	8% below HPI
2016 14 JUL	£215,000	£251,916	15% below HPI
1998 27 APR	£73,000	£73,119	Close to HPI

1 HIGHWAY ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Leicester local authority area over time, sourced from the HPI. The three 1 HIGHWAY ROAD sales between April 1998 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 July 2016 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the August 2021 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 1 HIGHWAY ROAD be worth now?

1 HIGHWAY ROAD might now be worth an estimated £354,714.

This is based on house price inflation of 14.4%, between August 2021 and February 2025, for detached houses, in the Leicester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14.4% inflationary increase is applied to the most recent sale price for 1 HIGHWAY ROAD of £310,000 on 27th August 2021. For the value to have increased from £310,000 to £354,714 over the four years and six months to February 2025, the following assumptions must hold true:

• The value of 1 HIGHWAY ROAD has moved in line with the HPI for detached houses in the Leicester local authority area.
• The August 2021 sale price of £310,000 represented a fair market value for the property.
• The size, condition, and specification of 1 HIGHWAY ROAD has not materially changed since August 2021.

How Large is 1 HIGHWAY ROAD?

1 HIGHWAY ROAD is 105m² according to the EPC inspection conducted in November 2015. This puts it in the smallest 40% of detached houses houses in Leicester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Leicester, and where 1 HIGHWAY ROAD lies on this distribution: 39% of detached houses houses are smaller than 1 HIGHWAY ROAD, and 59% of houses are larger. Note that EPC data is not available for all properties in Leicester.

1 HIGHWAY ROAD: Plot and Title Map

1 HIGHWAY ROAD sits on a plot of roughly 0.086 of an acre, or 348m². The below map shows the location of 1 HIGHWAY ROAD, 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 1 HIGHWAY ROAD). 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 1 HIGHWAY ROAD?

1 HIGHWAY ROAD is located in LEICESTER, in the LE5 postcode district. The below map shows the position of No. 1 on HIGHWAY ROAD.