2, WATER MEADOW WAY, IBSTOCK, LE67 6GY - £225,000

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 WATER MEADOW WAY is a midsized detached house of 115m², built sometime between 1996 and 2002. It was last sold for £225,000 in July 2015, which was around 9% below the average July 2015 detached price in the North West Leicestershire local authority area. The most recent EPC inspection was August 2015, where the current energy rating was D, and the potential energy rating was B.

2 WATER MEADOW WAY Sold Prices

Land registry data shows three sales for 2 WATER MEADOW WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North West Leicestershire local authority area for the corresponding sale date. The three 2 WATER MEADOW WAY sales were a mix of below the average price, and roughly equal to 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
2015 10 JUL	£225,000	£247,886	9% below HPI
2006 7 DEC	£217,500	£228,901	5% below HPI
2004 4 JUN	£206,950	£206,794	Close to HPI

2 WATER MEADOW WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the North West Leicestershire local authority area over time, sourced from the HPI. The three 2 WATER MEADOW WAY sales between June 2004 and July 2015 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 December 2006 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the July 2015 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 2 WATER MEADOW WAY be worth now?

2 WATER MEADOW WAY might now be worth an estimated £356,577.

This is based on house price inflation of 58.5%, between July 2015 and December 2024, for detached houses, in the North West Leicestershire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 58.5% inflationary increase is applied to the most recent sale price for 2 WATER MEADOW WAY of £225,000 on 10th July 2015. For the value to have increased from £225,000 to £356,577 over the eight years and seven months to December 2024, the following assumptions must hold true:

• The value of 2 WATER MEADOW WAY has moved in line with the HPI for detached houses in the North West Leicestershire local authority area.
• The July 2015 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 2 WATER MEADOW WAY has not materially changed since July 2015.

How Large is 2 WATER MEADOW WAY?

2 WATER MEADOW WAY is 115m² according to the EPC inspection conducted in August 2015. This puts it in the largest 50% of detached houses houses in Ibstock, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ibstock, and where 2 WATER MEADOW WAY lies on this distribution: 52% of detached houses houses are smaller than 2 WATER MEADOW WAY, and 47% of houses are larger. Note that EPC data is not available for all properties in Ibstock.

2 WATER MEADOW WAY: Plot and Title Map

2 WATER MEADOW WAY sits on a plot of roughly 0.077 of an acre, or 310m². The below map shows the location of 2 WATER MEADOW WAY, 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 WATER MEADOW WAY). 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 WATER MEADOW WAY?

2 WATER MEADOW WAY is located in IBSTOCK, in the LE67 postcode district. The below map shows the position of No. 2 on WATER MEADOW WAY.