1, ORKNEY WAY, COUNTESTHORPE, LEICESTER, LE8 5PS - £395,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 ORKNEY WAY is a large extended detached house of 135m², built sometime between 1967 and 1975. It was last sold for £395,000 in November 2020, which was around 18% above the average November 2020 detached price in the Blaby local authority area. The most recent EPC inspection was August 2016, where the current energy rating was C, and the potential energy rating was B.

1 ORKNEY WAY Sold Prices

Land registry data shows three sales for 1 ORKNEY WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Blaby local authority area for the corresponding sale date. All of the three 1 ORKNEY WAY 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
2020 26 NOV	£395,000	£335,880	18% above HPI
2020 27 MAR	£385,000	£322,925	19% above HPI
2017 31 MAY	£290,000	£283,951	2% above HPI

1 ORKNEY WAY 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 three 1 ORKNEY WAY sales between May 2017 and November 2020 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 2020 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the November 2020 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

How Large is 1 ORKNEY WAY?

1 ORKNEY WAY is 135m², which includes four extensions, according to the EPC inspection conducted in August 2016. This puts it in the largest 30% of detached houses in Countesthorpe, based on EPC data. The below chart shows the distribution of detached houses by size in Countesthorpe, and where 1 ORKNEY WAY lies on this distribution: 71% of detached houses are smaller than 1 ORKNEY WAY, and 29% of houses are larger. Note that EPC data is not available for all properties in Countesthorpe.

1 ORKNEY WAY: Plot and Title Map

1 ORKNEY WAY sits on a plot of roughly 0.075 of an acre, or 304m². The below map shows the location of 1 ORKNEY WAY, 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 ORKNEY WAY). 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 ORKNEY WAY?

1 ORKNEY WAY is located in COUNTESTHORPE, in the LE8 postcode district. The below map shows the position of No. 1 on ORKNEY WAY.