2, NEWPOOL BANK, OADBY, LEICESTER, LE2 4RX - £247,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 NEWPOOL BANK is a small detached house of 108m², built sometime between 2003 and 2006, which could now be worth an estimated £418,321. It was last sold for £247,000 in December 2005, which was around 4% above the average December 2005 detached price in the Oadby and Wigston local authority area. The most recent EPC inspection was November 2016, where the current energy rating was C, and the potential energy rating was B.

2 NEWPOOL BANK Sold Prices

Land registry data shows three sales for 2 NEWPOOL BANK since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Oadby and Wigston local authority area for the corresponding sale date. One of the three 2 NEWPOOL BANK sales was for above the average price, whilst two 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
2005 16 DEC	£247,000	£236,463	4% above HPI
2003 30 OCT	£210,000	£215,612	3% below HPI
1995 19 MAY	£81,000	£83,923	3% below HPI

2 NEWPOOL BANK 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 three 2 NEWPOOL BANK sales between May 1995 and December 2005 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 October 2003 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the December 2005 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might 2 NEWPOOL BANK be worth now?

2 NEWPOOL BANK might now be worth an estimated £418,321.

This is based on house price inflation of 69.4%, between December 2005 and December 2024, for detached houses, in the Oadby and Wigston local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 69.4% inflationary increase is applied to the most recent sale price for 2 NEWPOOL BANK of £247,000 on 16th December 2005. For the value to have increased from £247,000 to £418,321 over the nineteen years to December 2024, the following assumptions must hold true:

• The value of 2 NEWPOOL BANK has moved in line with the HPI for detached houses in the Oadby and Wigston local authority area.
• The December 2005 sale price of £247,000 represented a fair market value for the property.
• The size, condition, and specification of 2 NEWPOOL BANK has not materially changed since December 2005.

How Large is 2 NEWPOOL BANK?

2 NEWPOOL BANK is 108m² according to the EPC inspection conducted in November 2016. This puts it in the smallest 40% of detached houses houses in Oadby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Oadby, and where 2 NEWPOOL BANK lies on this distribution: 38% of detached houses houses are smaller than 2 NEWPOOL BANK, and 62% of houses are larger. Note that EPC data is not available for all properties in Oadby.

2 NEWPOOL BANK: Plot and Title Map

2 NEWPOOL BANK sits on a plot of roughly 0.066 of an acre, or 267m². The below map shows the location of 2 NEWPOOL BANK, 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 NEWPOOL BANK). 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 NEWPOOL BANK?

2 NEWPOOL BANK is located in OADBY, in the LE2 postcode district. The below map shows the position of No. 2 on NEWPOOL BANK.