1A, SEVERN ROAD, OADBY, LEICESTER, LE2 4FU - £238,500

1A SEVERN ROAD is a very small detached house of 84m², built sometime between 1967 and 1975. It was last sold for £238,500 in August 2018, which was around 28% below the average August 2018 detached price in the Oadby and Wigston local authority area. The most recent EPC inspection was September 2013, where the current energy rating was E, and the potential energy rating was B.

1A SEVERN ROAD Sold Prices

Land registry data shows two sales for 1A SEVERN 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 1A SEVERN 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
2018 8 AUG	£238,500	£332,428	28% below HPI
2011 28 APR	£185,000	£243,264	24% below HPI

1A SEVERN 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 1A SEVERN ROAD sales from April 2011 and August 2018 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 April 2011 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the August 2018 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 1A SEVERN ROAD?

1A SEVERN ROAD is 84m² according to the EPC inspection conducted in September 2013. This puts it in the smallest 20% of detached houses in Oadby, based on EPC data. The below chart shows the distribution of detached houses by size in Oadby, and where 1A SEVERN ROAD lies on this distribution: 12% of detached houses are smaller than 1A SEVERN ROAD, and 86% of houses are larger. Note that EPC data is not available for all properties in Oadby.

1A SEVERN ROAD: Plot and Title Map

1A SEVERN ROAD sits on a plot of roughly 0.143 of an acre, or 579m². The below map shows the location of 1A SEVERN 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 1A SEVERN 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 1A SEVERN ROAD?

1A SEVERN ROAD is located in OADBY, in the LE2 postcode district. The below map shows the position of No. 1A on SEVERN ROAD.