21, GORSE LANE, OADBY, LEICESTER, LE2 4RR - £243,000

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.

21 GORSE LANE is a midsized detached house of 114m², built sometime between 1950 and 1966, which could now be worth an estimated £392,073. It was last sold for £243,000 in May 2014, which was around 5% below the average May 2014 detached price in the Oadby and Wigston local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was B.

21 GORSE LANE Sold Prices

Land registry data shows two sales for 21 GORSE LANE 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 21 GORSE LANE 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
2014 2 MAY	£243,000	£254,932	5% below HPI
2006 1 DEC	£190,000	£251,782	25% below HPI

21 GORSE LANE 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 21 GORSE LANE sales from December 2006 and May 2014 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 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the May 2014 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 21 GORSE LANE be worth now?

21 GORSE LANE might now be worth an estimated £392,073.

This is based on house price inflation of 61.3%, between May 2014 and February 2025, 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 61.3% inflationary increase is applied to the most recent sale price for 21 GORSE LANE of £243,000 on 2nd May 2014. For the value to have increased from £243,000 to £392,073 over the eleven years and three months to February 2025, the following assumptions must hold true:

• The value of 21 GORSE LANE has moved in line with the HPI for detached houses in the Oadby and Wigston local authority area.
• The May 2014 sale price of £243,000 represented a fair market value for the property.
• The size, condition, and specification of 21 GORSE LANE has not materially changed since May 2014.

How Large is 21 GORSE LANE?

21 GORSE LANE is 114m² according to the EPC inspection conducted in October 2013. This puts it in the smallest 50% 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 21 GORSE LANE lies on this distribution: 44% of detached houses houses are smaller than 21 GORSE LANE, and 56% of houses are larger. Note that EPC data is not available for all properties in Oadby.

21 GORSE LANE: Plot and Title Map

21 GORSE LANE sits on a plot of roughly 0.137 of an acre, or 555m². The below map shows the location of 21 GORSE LANE, 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 21 GORSE LANE). 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 21 GORSE LANE?

21 GORSE LANE is located in OADBY, in the LE2 postcode district. The below map shows the position of No. 21 on GORSE LANE.