24, ERVINS LOCK ROAD, WIGSTON, LE18 4NQ - £125,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

24 ERVINS LOCK ROAD is a very small detached house of 56m², built sometime between 1991 and 1995. It was last sold for £125,000 in November 2015, which was around 55% below the average November 2015 detached price in the Oadby and Wigston 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.

24 ERVINS LOCK ROAD Sold Prices

Land registry data shows two sales for 24 ERVINS LOCK ROAD 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 24 ERVINS LOCK ROAD 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
2015 30 NOV	£125,000	£275,158	55% below HPI
1995 21 JUL	£45,950	£82,466	44% below HPI

24 ERVINS LOCK ROAD 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 24 ERVINS LOCK ROAD sales from July 1995 and November 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 July 1995 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the November 2015 sale, where it falls to 55% below the HPI. The line then continues to track at 55% below the HPI.

How Large is 24 ERVINS LOCK ROAD?

24 ERVINS LOCK ROAD is 56m² according to the EPC inspection conducted in August 2015. This puts it in the smallest 10% of detached houses in Wigston, based on EPC data. The below chart shows the distribution of detached houses by size in Wigston, and where 24 ERVINS LOCK ROAD lies on this distribution: 1% of detached houses are smaller than 24 ERVINS LOCK ROAD, and 99% of houses are larger. Note that EPC data is not available for all properties in Wigston.

24 ERVINS LOCK ROAD: Plot and Title Map

24 ERVINS LOCK ROAD sits on a plot of roughly 0.087 of an acre, or 353m². The below map shows the location of 24 ERVINS LOCK ROAD, 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 24 ERVINS LOCK ROAD). 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 24 ERVINS LOCK ROAD?

24 ERVINS LOCK ROAD is located in WIGSTON, in the LE18 postcode district. The below map shows the position of No. 24 on ERVINS LOCK ROAD.