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

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

21 RAINE WAY is a very large detached house of 164m², built sometime between 1991 and 1995. It was last sold for £450,000 in May 2021, which was around 25% 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	£360,461	25% above HPI
2015 15 DEC	£337,500	£276,355	22% above HPI
2009 22 DEC	£285,000	£228,497	25% above HPI
2007 17 DEC	£320,000	£263,378	21% above HPI
1997 6 OCT	£115,000	£98,620	17% 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 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the May 2021 sale, where it rises to 25% above the HPI. The line then continues to track at 25% above the HPI.

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 in Oadby, based on EPC data. The below chart shows the distribution of detached houses by size in Oadby, and where 21 RAINE WAY lies on this distribution: 81% of detached 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.