22, LANCASTER WAY, GLEN PARVA, LEICESTER, LE2 9UA - £125,000

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

22 LANCASTER WAY is a very small detached house of 71m², built sometime between 1976 and 1982, which could now be worth an estimated £220,384. It was last sold for £125,000 in December 2013, which was around 44% below the average December 2013 detached price in the Blaby local authority area. The most recent EPC inspection was September 2012, where the current energy rating was C, and the potential energy rating was B.

22 LANCASTER WAY Sold Prices

Land registry data shows two sales for 22 LANCASTER WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Blaby local authority area for the corresponding sale date. Both of the two 22 LANCASTER WAY 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
2013 13 DEC	£125,000	£223,812	44% below HPI
1996 29 NOV	£44,950	£76,718	41% below HPI

22 LANCASTER WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Blaby local authority area over time, sourced from the HPI. The two 22 LANCASTER WAY sales from November 1996 and December 2013 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 November 1996 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the December 2013 sale, where it falls to 44% below the HPI. The line then continues to track at 44% below the HPI.

What might 22 LANCASTER WAY be worth now?

22 LANCASTER WAY might now be worth an estimated £220,384.

This is based on house price inflation of 76.3%, between December 2013 and December 2024, for detached houses, in the Blaby local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 76.3% inflationary increase is applied to the most recent sale price for 22 LANCASTER WAY of £125,000 on 13th December 2013. For the value to have increased from £125,000 to £220,384 over the eleven years to December 2024, the following assumptions must hold true:

• The value of 22 LANCASTER WAY has moved in line with the HPI for detached houses in the Blaby local authority area.
• The December 2013 sale price of £125,000 represented a fair market value for the property.
• The size, condition, and specification of 22 LANCASTER WAY has not materially changed since December 2013.

How Large is 22 LANCASTER WAY?

22 LANCASTER WAY is 71m² according to the EPC inspection conducted in September 2012. This puts it in the smallest 10% of detached houses houses in Leicester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Leicester, and where 22 LANCASTER WAY lies on this distribution: 8% of detached houses houses are smaller than 22 LANCASTER WAY, and 92% of houses are larger. Note that EPC data is not available for all properties in Leicester.

22 LANCASTER WAY: Plot and Title Map

22 LANCASTER WAY sits on a plot of roughly 0.050 of an acre, or 203m². The below map shows the location of 22 LANCASTER 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 22 LANCASTER 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 22 LANCASTER WAY?

22 LANCASTER WAY is located in GLEN PARVA, in the LE2 postcode district. The below map shows the position of No. 22 on LANCASTER WAY.