111, MERE ROAD, WIGSTON, LE18 3RN - £315,000

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.

111 MERE ROAD is a small extended detached house of 92m², built sometime between 1930 and 1949, which could now be worth an estimated £356,786. It was last sold for £315,000 in July 2021, which was around 13% below the average July 2021 detached price in the Oadby and Wigston local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was B.

111 MERE ROAD Sold Prices

Land registry data shows two sales for 111 MERE ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Oadby and Wigston local authority area for the corresponding sale date. Both of the two 111 MERE ROAD 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
2021 23 JUL	£315,000	£363,152	13% below HPI
2002 27 MAR	£139,950	£150,818	7% below HPI

111 MERE ROAD 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 two 111 MERE ROAD sales from March 2002 and July 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 March 2002 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the July 2021 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 111 MERE ROAD be worth now?

111 MERE ROAD might now be worth an estimated £356,786.

This is based on house price inflation of 13.3%, between July 2021 and February 2025, for detached houses, in the Oadby and Wigston local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 13.3% inflationary increase is applied to the most recent sale price for 111 MERE ROAD of £315,000 on 23rd July 2021. For the value to have increased from £315,000 to £356,786 over the four years and five months to February 2025, the following assumptions must hold true:

• The value of 111 MERE ROAD has moved in line with the HPI for detached houses in the Oadby and Wigston local authority area.
• The July 2021 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of 111 MERE ROAD has not materially changed since July 2021.

How Large is 111 MERE ROAD?

111 MERE ROAD is 92m², which includes one extension, according to the EPC inspection conducted in August 2020. This puts it in the smallest 30% of detached houses houses in Wigston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wigston, and where 111 MERE ROAD lies on this distribution: 29% of detached houses houses are smaller than 111 MERE ROAD, and 69% of houses are larger. Note that EPC data is not available for all properties in Wigston.

111 MERE ROAD: Plot and Title Map

111 MERE ROAD sits on a plot of roughly 0.099 of an acre, or 401m². The below map shows the location of 111 MERE 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 111 MERE 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 111 MERE ROAD?

111 MERE ROAD is located in WIGSTON, in the LE18 postcode district. The below map shows the position of No. 111 on MERE ROAD.