16, PARK ROAD, NARBOROUGH, LEICESTER, LE19 2GQ - £325,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

16 PARK ROAD is a midsized extended detached house of 113m², built sometime between 1983 and 1990. It was last sold for £325,000 in December 2021, which was around 13% below the average December 2021 detached price in the Blaby local authority area. The most recent EPC inspection was July 2021, where the current energy rating was C, and the potential energy rating was C.

16 PARK ROAD Sold Prices

Land registry data shows four sales for 16 PARK ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Blaby local authority area for the corresponding sale date. Two of the four 16 PARK ROAD sales were for below the average price, whilst one was 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
2021 20 DEC	£325,000	£372,711	13% below HPI
2012 29 NOV	£205,000	£217,013	6% below HPI
2004 6 AUG	£215,000	£215,809	Close to HPI
1997 18 APR	£104,950	£79,004	33% above HPI

16 PARK ROAD 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 four 16 PARK ROAD sales between April 1997 and December 2021 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 November 2012 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the December 2021 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 16 PARK ROAD?

16 PARK ROAD is 113m², which includes one extension, according to the EPC inspection conducted in July 2021. This puts it in the largest 50% of detached houses in Narborough, based on EPC data. The below chart shows the distribution of detached houses by size in Narborough, and where 16 PARK ROAD lies on this distribution: 53% of detached houses are smaller than 16 PARK ROAD, and 45% of houses are larger. Note that EPC data is not available for all properties in Narborough.

16 PARK ROAD: Plot and Title Map

16 PARK ROAD sits on a plot of roughly 0.093 of an acre, or 377m². The below map shows the location of 16 PARK 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 PARK 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 PARK ROAD?

16 PARK ROAD is located in NARBOROUGH, in the LE19 postcode district. The below map shows the position of No. 16 on PARK ROAD.