1, THE OVAL, OADBY, LEICESTER, LE2 5JB - £445,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 THE OVAL is a very large detached house of 147m², built sometime between 1900 and 1929. It was last sold for £445,000 in February 2017, which was around 48% above the average February 2017 detached price in the Oadby and Wigston local authority area. The most recent EPC inspection was April 2016, where the current energy rating was D, and the potential energy rating was B.

1 THE OVAL Sold Prices

Land registry data shows three sales for 1 THE OVAL since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Oadby and Wigston local authority area for the corresponding sale date. All of the three 1 THE OVAL 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
2017 16 FEB	£445,000	£299,974	48% above HPI
2011 25 MAR	£421,000	£246,565	71% above HPI
1995 2 JUN	£118,200	£82,586	43% above HPI

1 THE OVAL Price Paid vs. HPI Average

The below graph shows the average detached house price in the Oadby and Wigston local authority area over time, sourced from the HPI. The three 1 THE OVAL sales between June 1995 and February 2017 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 2011 sale was for 71% above the HPI. So the extrapolation line tracks at 71% above the HPI over time, until the February 2017 sale, where it falls to 48% above the HPI. The line then continues to track at 48% above the HPI.

How Large is 1 THE OVAL?

1 THE OVAL is 147m² according to the EPC inspection conducted in April 2016. This puts it in the largest 20% of detached houses in Wigston, based on EPC data. The below chart shows the distribution of detached houses by size in Wigston, and where 1 THE OVAL lies on this distribution: 86% of detached houses are smaller than 1 THE OVAL, and 14% of houses are larger. Note that EPC data is not available for all properties in Wigston.

1 THE OVAL: Plot and Title Map

1 THE OVAL sits on a plot of roughly 0.162 of an acre, or 655m². The below map shows the location of 1 THE OVAL, 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 OVAL). 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 OVAL?

1 THE OVAL is located in OADBY, in the LE2 postcode district. The below map shows the position of No. 1 on THE OVAL.