2, OCEAN ROAD, LEICESTER, LE5 2EQ - £375,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 OCEAN ROAD is a midsized extended detached house of 108m², built sometime between 1930 and 1949. It was last sold for £375,000 in August 2022, which was around 4% below the average August 2022 detached price in the Leicester local authority area. The most recent EPC inspection was March 2022, where the current energy rating was E, and the potential energy rating was C.

2 OCEAN ROAD Sold Prices

Land registry data shows two sales for 2 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 2 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
2022 12 AUG	£375,000	£391,947	4% below HPI
2003 29 AUG	£152,000	£169,343	10% below HPI

2 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 2 OCEAN ROAD sales from August 2003 and August 2022 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 August 2003 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the August 2022 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is 2 OCEAN ROAD?

2 OCEAN ROAD is 108m², which includes four extensions, according to the EPC inspection conducted in March 2022. This puts it in the smallest 50% of detached houses in Leicester, based on EPC data. The below chart shows the distribution of detached houses by size in Leicester, and where 2 OCEAN ROAD lies on this distribution: 43% of detached houses are smaller than 2 OCEAN ROAD, and 56% of houses are larger. Note that EPC data is not available for all properties in Leicester.

2 OCEAN ROAD: Plot and Title Map

2 OCEAN ROAD sits on a plot of roughly 0.116 of an acre, or 469m². The below map shows the location of 2 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 2 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 2 OCEAN ROAD?

2 OCEAN ROAD is located in LEICESTER, in the LE5 postcode district. The below map shows the position of No. 2 on OCEAN ROAD.