11, NEEDHAM CLOSE, OADBY, LEICESTER, LE2 4UL - £285,000

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

11 NEEDHAM CLOSE is a small extended detached house of 108m², built sometime between 1983 and 1990. It was last sold for £285,000 in June 2017, which was around 6% below the average June 2017 detached price in the Oadby and Wigston local authority area. The most recent EPC inspection was October 2011, where the current energy rating was E, and the potential energy rating was D.

11 NEEDHAM CLOSE Sold Prices

Land registry data shows three sales for 11 NEEDHAM CLOSE 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 11 NEEDHAM CLOSE sales were for below 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 19 JUN	£285,000	£303,851	6% below HPI
2014 7 JUL	£230,000	£256,686	10% below HPI
2003 28 APR	£165,000	£198,209	17% below HPI

11 NEEDHAM CLOSE 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 11 NEEDHAM CLOSE sales between April 2003 and June 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 July 2014 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the June 2017 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 11 NEEDHAM CLOSE?

11 NEEDHAM CLOSE is 108m², which includes two extensions, according to the EPC inspection conducted in October 2011. This puts it in the smallest 40% of detached houses in Oadby, based on EPC data. The below chart shows the distribution of detached houses by size in Oadby, and where 11 NEEDHAM CLOSE lies on this distribution: 37% of detached houses are smaller than 11 NEEDHAM CLOSE, and 63% of houses are larger. Note that EPC data is not available for all properties in Oadby.

11 NEEDHAM CLOSE: Plot and Title Map

11 NEEDHAM CLOSE sits on a plot of roughly 0.051 of an acre, or 205m². The below map shows the location of 11 NEEDHAM CLOSE, 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 11 NEEDHAM CLOSE). 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 11 NEEDHAM CLOSE?

11 NEEDHAM CLOSE is located in OADBY, in the LE2 postcode district. The below map shows the position of No. 11 on NEEDHAM CLOSE.