1, THE CEDARS, 454, WELFORD ROAD, LEICESTER, LE2 6EL - £317,500

1 THE CEDARS is a midsized detached house of 124m², built sometime between 1991 and 1995. It was last sold for £317,500 in August 2014, which was around 42% above the average August 2014 detached price in the Leicester local authority area. The most recent EPC inspection was March 2011, where the current energy rating was D, and the potential energy rating was C.

1 THE CEDARS Sold Prices

Land registry data shows three sales for 1 THE CEDARS 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. All of the three 1 THE CEDARS 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 8 AUG	£317,500	£224,096	42% above HPI
2005 24 JUN	£278,000	£200,389	39% above HPI
1999 17 DEC	£147,000	£83,913	75% above HPI

1 THE CEDARS 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 THE CEDARS sales between December 1999 and August 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 June 2005 sale was for 39% above the HPI. So the extrapolation line tracks at 39% above the HPI over time, until the August 2014 sale, where it rises to 42% above the HPI. The line then continues to track at 42% above the HPI.

How Large is 1 THE CEDARS?

1 THE CEDARS is 124m² according to the EPC inspection conducted in March 2011. This puts it in the largest 50% of detached houses in Leicester, based on EPC data. The below chart shows the distribution of detached houses by size in Leicester, and where 1 THE CEDARS lies on this distribution: 58% of detached houses are smaller than 1 THE CEDARS, and 42% of houses are larger. Note that EPC data is not available for all properties in Leicester.

1 THE CEDARS: Plot and Title Map

1 THE CEDARS sits on a plot of roughly 0.170 of an acre, or 689m². The below map shows the location of 1 THE CEDARS, 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 THE CEDARS). 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 THE CEDARS?

1, THE CEDARS is located on WELFORD ROAD in LEICESTER, in the LE2 postcode district. The below map shows the position of 1, THE CEDARS on WELFORD ROAD.