14, RAINE WAY, OADBY, LEICESTER, LE2 4UB - £230,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

14 RAINE WAY is a small detached house of 102m², built sometime between 1976 and 1982, which could now be worth an estimated £422,212. It was last sold for £230,000 in April 2004, which was around 5% above the average April 2004 detached price in the Oadby and Wigston local authority area. The most recent EPC inspection was August 2022, where the current energy rating was D, and the potential energy rating was B.

14 RAINE WAY Sold Prices

Land registry data shows two sales for 14 RAINE WAY 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 14 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 19 APR	£230,000	£218,159	5% above HPI
1997 10 JUL	£95,500	£93,441	2% above HPI

14 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 two 14 RAINE WAY sales from July 1997 and April 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 July 1997 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the April 2004 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 14 RAINE WAY be worth now?

14 RAINE WAY might now be worth an estimated £422,212.

This is based on house price inflation of 83.6%, between April 2004 and December 2024, 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 83.6% inflationary increase is applied to the most recent sale price for 14 RAINE WAY of £230,000 on 19th April 2004. For the value to have increased from £230,000 to £422,212 over the nineteen years and four months to December 2024, the following assumptions must hold true:

• The value of 14 RAINE WAY has moved in line with the HPI for detached houses in the Oadby and Wigston local authority area.
• The April 2004 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 14 RAINE WAY has not materially changed since April 2004.

How Large is 14 RAINE WAY?

14 RAINE WAY is 102m² according to the EPC inspection conducted in August 2022. This puts it in the smallest 40% of detached houses houses in Oadby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Oadby, and where 14 RAINE WAY lies on this distribution: 31% of detached houses houses are smaller than 14 RAINE WAY, and 68% of houses are larger. Note that EPC data is not available for all properties in Oadby.

14 RAINE WAY: Plot and Title Map

14 RAINE WAY sits on a plot of roughly 0.087 of an acre, or 354m². The below map shows the location of 14 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 14 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 14 RAINE WAY?

14 RAINE WAY is located in OADBY, in the LE2 postcode district. The below map shows the position of No. 14 on RAINE WAY.