21, RAINE WAY, OADBY, LEICESTER, LE2 4UB - £450,000

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

21 RAINE WAY is a very large detached house of 164m², built sometime between 1991 and 1995, which could now be worth an estimated £494,137. It was last sold for £450,000 in May 2021, which was around 23% above the average May 2021 detached price in the Oadby and Wigston local authority area. The most recent EPC inspection was July 2009, where the current energy rating was C, and the potential energy rating was C.

21 RAINE WAY Sold Prices

Land registry data shows five sales for 21 RAINE WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Oadby and Wigston local authority area for the corresponding sale date. All of the five 21 RAINE WAY sales were for above 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
2021 20 MAY	£450,000	£364,704	23% above HPI
2015 15 DEC	£337,500	£279,608	21% above HPI
2009 22 DEC	£285,000	£231,187	23% above HPI
2007 17 DEC	£320,000	£266,478	20% above HPI
1997 6 OCT	£115,000	£99,781	15% above HPI

21 RAINE WAY 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 five 21 RAINE WAY sales between October 1997 and May 2021 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 2015 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the May 2021 sale, where it rises to 23% above the HPI. The line then continues to track at 23% above the HPI.

What might 21 RAINE WAY be worth now?

21 RAINE WAY might now be worth an estimated £494,137.

This is based on house price inflation of 9.8%, between May 2021 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 9.8% inflationary increase is applied to the most recent sale price for 21 RAINE WAY of £450,000 on 20th May 2021. For the value to have increased from £450,000 to £494,137 over the two years and five months to December 2024, the following assumptions must hold true:

• The value of 21 RAINE WAY has moved in line with the HPI for detached houses in the Oadby and Wigston local authority area.
• The May 2021 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of 21 RAINE WAY has not materially changed since May 2021.

How Large is 21 RAINE WAY?

21 RAINE WAY is 164m² according to the EPC inspection conducted in July 2009. This puts it in the largest 20% 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 RAINE WAY lies on this distribution: 81% of detached houses houses are smaller than 21 RAINE WAY, and 19% of houses are larger. Note that EPC data is not available for all properties in Oadby.

21 RAINE WAY: Plot and Title Map

21 RAINE WAY sits on a plot of roughly 0.092 of an acre, or 371m². The below map shows the location of 21 RAINE 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 21 RAINE 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 21 RAINE WAY?

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