12, ORCHARD CLOSE, OADBY, LEICESTER, LE2 5PL - £100,000

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

12 ORCHARD CLOSE is a very small detached house of 70m², built sometime between 1950 and 1966. It was last sold for £100,000 in April 2014, which was around 59% below the average April 2014 detached price in the Oadby and Wigston local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was B.

12 ORCHARD CLOSE Sold Prices

Land registry data shows two sales for 12 ORCHARD CLOSE 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 12 ORCHARD 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
2014 25 APR	£100,000	£245,734	59% below HPI
1996 16 SEP	£50,000	£83,797	40% below HPI

12 ORCHARD 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 two 12 ORCHARD CLOSE sales from September 1996 and April 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 September 1996 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the April 2014 sale, where it falls to 59% below the HPI. The line then continues to track at 59% below the HPI.

How Large is 12 ORCHARD CLOSE?

12 ORCHARD CLOSE is 70m² according to the EPC inspection conducted in October 2013. This puts it in the smallest 10% of detached houses in Oadby, based on EPC data. The below chart shows the distribution of detached houses by size in Oadby, and where 12 ORCHARD CLOSE lies on this distribution: 4% of detached houses are smaller than 12 ORCHARD CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Oadby.

12 ORCHARD CLOSE: Plot and Title Map

12 ORCHARD CLOSE sits on a plot of roughly 0.115 of an acre, or 467m². The below map shows the location of 12 ORCHARD 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 12 ORCHARD 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 12 ORCHARD CLOSE?

12 ORCHARD CLOSE is located in OADBY, in the LE2 postcode district. The below map shows the position of No. 12 on ORCHARD CLOSE.