15, THE OVAL, OADBY, LEICESTER, LE2 5JB - £390,000

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

15 THE OVAL is a very small extended detached house of 81m², built sometime between 1950 and 1966. It was last sold for £390,000 in July 2022, which was around 1% below the average July 2022 detached price in the Oadby and Wigston local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was B.

15 THE OVAL Sold Prices

Land registry data shows two sales for 15 THE OVAL 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 15 THE OVAL 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
2022 21 JUL	£390,000	£394,555	1% below HPI
2014 25 SEP	£225,000	£260,512	14% below HPI

15 THE OVAL 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 15 THE OVAL sales from September 2014 and July 2022 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 2014 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the July 2022 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is 15 THE OVAL?

15 THE OVAL is 81m², which includes two extensions, according to the EPC inspection conducted in April 2014. This puts it in the smallest 20% of detached houses in Wigston, based on EPC data. The below chart shows the distribution of detached houses by size in Wigston, and where 15 THE OVAL lies on this distribution: 17% of detached houses are smaller than 15 THE OVAL, and 82% of houses are larger. Note that EPC data is not available for all properties in Wigston.

15 THE OVAL: Plot and Title Map

15 THE OVAL sits on a plot of roughly 0.089 of an acre, or 359m². The below map shows the location of 15 THE OVAL, 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 15 THE OVAL). 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 15 THE OVAL?

15 THE OVAL is located in OADBY, in the LE2 postcode district. The below map shows the position of No. 15 on THE OVAL.