197A, OCEAN ROAD, LEICESTER, LE5 2EU - £152,000

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.

197A OCEAN ROAD is a midsized extended detached house of 114m², built sometime between 1967 and 1975, which could now be worth an estimated £312,820. It was last sold for £152,000 in October 2009, which was around 19% below the average October 2009 detached price in the Leicester local authority area. The most recent EPC inspection was November 2008, where the current energy rating was D, and the potential energy rating was C.

197A OCEAN ROAD Sold Prices

Land registry data shows two sales for 197A OCEAN 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 Leicester local authority area for the corresponding sale date. Both of the two 197A OCEAN 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
2009 9 OCT	£152,000	£187,594	19% below HPI
2006 21 JUL	£150,000	£199,868	25% below HPI

197A OCEAN ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Leicester local authority area over time, sourced from the HPI. The two 197A OCEAN ROAD sales from July 2006 and October 2009 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 July 2006 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the October 2009 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 197A OCEAN ROAD be worth now?

197A OCEAN ROAD might now be worth an estimated £312,820.

This is based on house price inflation of 105.8%, between October 2009 and February 2025, for detached houses, in the Leicester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 105.8% inflationary increase is applied to the most recent sale price for 197A OCEAN ROAD of £152,000 on 9th October 2009. For the value to have increased from £152,000 to £312,820 over the sixteen years and eight months to February 2025, the following assumptions must hold true:

• The value of 197A OCEAN ROAD has moved in line with the HPI for detached houses in the Leicester local authority area.
• The October 2009 sale price of £152,000 represented a fair market value for the property.
• The size, condition, and specification of 197A OCEAN ROAD has not materially changed since October 2009.

How Large is 197A OCEAN ROAD?

197A OCEAN ROAD is 114m², which includes one extension, according to the EPC inspection conducted in November 2008. This puts it in the smallest 50% 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 197A OCEAN ROAD lies on this distribution: 49% of detached houses houses are smaller than 197A OCEAN ROAD, and 51% of houses are larger. Note that EPC data is not available for all properties in Leicester.

197A OCEAN ROAD: Plot and Title Map

197A OCEAN ROAD sits on a plot of roughly 0.197 of an acre, or 799m². The below map shows the location of 197A OCEAN 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 197A OCEAN 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 197A OCEAN ROAD?

197A OCEAN ROAD is located in LEICESTER, in the LE5 postcode district. The below map shows the position of No. 197A on OCEAN ROAD.