12, RAINE WAY, OADBY, LEICESTER, LE2 4UB - £238,000

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

12 RAINE WAY is a midsized detached house of 127m², built sometime between 1991 and 1995. It was last sold for £238,000 in January 2004, which was around 10% above the average January 2004 detached price in the Oadby and Wigston local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was B.

12 RAINE WAY Sold Prices

Land registry data shows three sales for 12 RAINE WAY 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 12 RAINE WAY 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
2004 23 JAN	£238,000	£217,264	10% above HPI
2000 2 AUG	£149,000	£119,655	25% above HPI
1995 27 FEB	£96,500	£80,684	20% above HPI

12 RAINE WAY 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 12 RAINE WAY sales between February 1995 and January 2004 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 August 2000 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the January 2004 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is 12 RAINE WAY?

12 RAINE WAY is 127m² according to the EPC inspection conducted in May 2014. This puts it in the largest 50% 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 RAINE WAY lies on this distribution: 57% of detached houses are smaller than 12 RAINE WAY, and 43% of houses are larger. Note that EPC data is not available for all properties in Oadby.

12 RAINE WAY: Plot and Title Map

12 RAINE WAY sits on a plot of roughly 0.088 of an acre, or 355m². The below map shows the location of 12 RAINE WAY, 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 RAINE WAY). 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 RAINE WAY?

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