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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

16 PARK ROAD is a midsized extended detached house of 113m², built sometime between 1983 and 1990, which could now be worth an estimated £347,225. It was last sold for £325,000 in December 2021, which was around 11% 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, and four 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
2021 20 DEC	£325,000	£365,274	11% below HPI
2012 29 NOV	£205,000	£212,683	4% below HPI
2004 6 AUG	£215,000	£211,503	2% above HPI
1997 18 APR	£104,950	£77,428	36% 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 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the December 2021 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 16 PARK ROAD be worth now?

16 PARK ROAD might now be worth an estimated £347,225.

This is based on house price inflation of 6.8%, between December 2021 and February 2025, 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 6.8% inflationary increase is applied to the most recent sale price for 16 PARK ROAD of £325,000 on 20th December 2021. For the value to have increased from £325,000 to £347,225 over the four years and ten months to February 2025, the following assumptions must hold true:

• The value of 16 PARK ROAD has moved in line with the HPI for detached houses in the Blaby local authority area.
• The December 2021 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 16 PARK ROAD has not materially changed since December 2021.

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 houses in Narborough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Narborough, and where 16 PARK ROAD lies on this distribution: 54% of detached houses 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.