29, SEVERN ROAD, OADBY, LEICESTER, LE2 4FU - £390,000

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

29 SEVERN ROAD is a very small extended detached house of 90m², built sometime between 1967 and 1975. It was last sold for £390,000 in May 2024, which was around 6% below the average May 2024 detached price in the Oadby and Wigston local authority area. The most recent EPC inspection was August 2023, where the current energy rating was B, and the potential energy rating was B.

29 SEVERN ROAD Sold Prices

Land registry data shows two sales for 29 SEVERN 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 29 SEVERN 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
2024 24 MAY	£390,000	£414,102	6% below HPI
2002 28 MAR	£133,000	£149,063	11% below HPI

29 SEVERN 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 29 SEVERN ROAD sales from March 2002 and May 2024 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 March 2002 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the May 2024 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 29 SEVERN ROAD?

29 SEVERN ROAD is 90m², which includes two extensions, according to the EPC inspection conducted in August 2023. This puts it in the smallest 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 29 SEVERN ROAD lies on this distribution: 20% of detached houses are smaller than 29 SEVERN ROAD, and 79% of houses are larger. Note that EPC data is not available for all properties in Oadby.

29 SEVERN ROAD: Plot and Title Map

29 SEVERN ROAD sits on a plot of roughly 0.061 of an acre, or 248m². The below map shows the location of 29 SEVERN 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 29 SEVERN 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 29 SEVERN ROAD?

29 SEVERN ROAD is located in OADBY, in the LE2 postcode district. The below map shows the position of No. 29 on SEVERN ROAD.