16, LANCASTER WAY, GLEN PARVA, LEICESTER, LE2 9UA - £250,000

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

16 LANCASTER WAY is a very large extended detached house of 215m², built sometime between 1983 and 1990, which could now be worth an estimated £516,874. It was last sold for £250,000 in December 2003, which was around 31% above the average December 2003 detached price in the Blaby local authority area. The most recent EPC inspection was September 2015, where the current energy rating was D, and the potential energy rating was C.

16 LANCASTER WAY Sold Prices

Land registry data shows two sales for 16 LANCASTER 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 Blaby local authority area for the corresponding sale date. Both of the two 16 LANCASTER 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
2003 12 DEC	£250,000	£190,857	31% above HPI
1999 7 MAY	£155,000	£90,133	72% above HPI

16 LANCASTER WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Blaby local authority area over time, sourced from the HPI. The two 16 LANCASTER WAY sales from May 1999 and December 2003 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 May 1999 sale was for 72% above the HPI. So the extrapolation line tracks at 72% above the HPI over time, until the December 2003 sale, where it falls to 31% above the HPI. The line then continues to track at 31% above the HPI.

What might 16 LANCASTER WAY be worth now?

16 LANCASTER WAY might now be worth an estimated £516,874.

This is based on house price inflation of 106.7%, between December 2003 and December 2024, for detached houses, in the Blaby local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 106.7% inflationary increase is applied to the most recent sale price for 16 LANCASTER WAY of £250,000 on 12th December 2003. For the value to have increased from £250,000 to £516,874 over the 21 years to December 2024, the following assumptions must hold true:

• The value of 16 LANCASTER WAY has moved in line with the HPI for detached houses in the Blaby local authority area.
• The December 2003 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 16 LANCASTER WAY has not materially changed since December 2003.

How Large is 16 LANCASTER WAY?

16 LANCASTER WAY is 215m², which includes one extension, according to the EPC inspection conducted in September 2015. This puts it in the largest 10% of detached houses houses in Leicester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Leicester, and where 16 LANCASTER WAY lies on this distribution: 95% of detached houses houses are smaller than 16 LANCASTER WAY, and 5% of houses are larger. Note that EPC data is not available for all properties in Leicester.

16 LANCASTER WAY: Plot and Title Map

16 LANCASTER WAY sits on a plot of roughly 0.335 of an acre, or 1,356m². The below map shows the location of 16 LANCASTER 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 16 LANCASTER 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 16 LANCASTER WAY?

16 LANCASTER WAY is located in GLEN PARVA, in the LE2 postcode district. The below map shows the position of No. 16 on LANCASTER WAY.