16, MERE ROAD, WIGSTON, LE18 3RJ - £247,000

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

16 MERE ROAD is a very small extended detached house of 82m², built sometime between 1950 and 1966. It was last sold for £247,000 in October 2019, which was around 27% below the average October 2019 detached price in the Oadby and Wigston local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was B.

16 MERE ROAD Sold Prices

Land registry data shows two sales for 16 MERE ROAD 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 16 MERE ROAD 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
2019 18 OCT	£247,000	£340,561	27% below HPI
2014 28 AUG	£163,500	£252,055	35% below HPI

16 MERE ROAD 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 16 MERE ROAD sales from August 2014 and October 2019 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 2014 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the October 2019 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 16 MERE ROAD?

16 MERE ROAD is 82m², which includes one extension, according to the EPC inspection conducted in June 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 16 MERE ROAD lies on this distribution: 18% of detached houses are smaller than 16 MERE ROAD, and 81% of houses are larger. Note that EPC data is not available for all properties in Wigston.

16 MERE ROAD: Plot and Title Map

16 MERE ROAD sits on a plot of roughly 0.087 of an acre, or 352m². The below map shows the location of 16 MERE ROAD, 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 MERE ROAD). 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 MERE ROAD?

16 MERE ROAD is located in WIGSTON, in the LE18 postcode district. The below map shows the position of No. 16 on MERE ROAD.