2, NEW AVENUE, REARSBY, LEICESTER, LE7 4YU - £322,500

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.

2 NEW AVENUE is a very small detached house of 66m², built sometime from 2012 onwards, which could now be worth an estimated £334,022. It was last sold for £322,500 in September 2024, which was around 20% below the average September 2024 detached price in the Charnwood local authority area. The most recent EPC inspection was April 2024, where the current energy rating was C, and the potential energy rating was B.

2 NEW AVENUE Sold Prices

Land registry data shows two sales for 2 NEW AVENUE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Charnwood local authority area for the corresponding sale date. Both of the two 2 NEW AVENUE 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
2024 27 SEP	£322,500	£401,864	20% below HPI
2014 28 MAR	£214,950	£249,651	14% below HPI

2 NEW AVENUE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Charnwood local authority area over time, sourced from the HPI. The two 2 NEW AVENUE sales from March 2014 and September 2024 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 March 2014 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the September 2024 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 2 NEW AVENUE be worth now?

2 NEW AVENUE might now be worth an estimated £334,022.

This is based on house price inflation of 3.6%, between September 2024 and February 2025, for detached houses, in the Charnwood local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.6% inflationary increase is applied to the most recent sale price for 2 NEW AVENUE of £322,500 on 27th September 2024. For the value to have increased from £322,500 to £334,022 over the one year and seven months to February 2025, the following assumptions must hold true:

• The value of 2 NEW AVENUE has moved in line with the HPI for detached houses in the Charnwood local authority area.
• The September 2024 sale price of £322,500 represented a fair market value for the property.
• The size, condition, and specification of 2 NEW AVENUE has not materially changed since September 2024.

How Large is 2 NEW AVENUE?

2 NEW AVENUE is 66m² according to the EPC inspection conducted in April 2024. This puts it in the smallest 10% of detached houses houses in Rearsby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Rearsby, and where 2 NEW AVENUE lies on this distribution: 6% of detached houses houses are smaller than 2 NEW AVENUE, and 94% of houses are larger. Note that EPC data is not available for all properties in Rearsby.

2 NEW AVENUE: Plot and Title Map

2 NEW AVENUE sits on a plot of roughly 0.070 of an acre, or 283m². The below map shows the location of 2 NEW AVENUE, 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 2 NEW AVENUE). 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 2 NEW AVENUE?

2 NEW AVENUE is located in REARSBY, in the LE7 postcode district. The below map shows the position of No. 2 on NEW AVENUE.