2A, DEVON WAY, LEICESTER, LE5 4TA - £223,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2A DEVON WAY is a very small detached house of 68m², which could now be worth an estimated £256,137. It was last sold for £223,000 in March 2021, which was around 34% below the average March 2021 detached price in the Leicester local authority area. The most recent EPC inspection was December 2016, where the current energy rating was C, and the potential energy rating was B.

2A DEVON WAY Sold Prices

Land registry data shows two sales for 2A DEVON 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 Leicester local authority area for the corresponding sale date. Both of the two 2A DEVON 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
2021 31 MAR	£223,000	£336,127	34% below HPI
2012 22 MAR	£139,950	£197,134	29% below HPI

2A DEVON WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Leicester local authority area over time, sourced from the HPI. The two 2A DEVON WAY sales from March 2012 and March 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 March 2012 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the March 2021 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 2A DEVON WAY be worth now?

2A DEVON WAY might now be worth an estimated £256,137.

This is based on house price inflation of 14.9%, between March 2021 and February 2025, for detached houses, in the Leicester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14.9% inflationary increase is applied to the most recent sale price for 2A DEVON WAY of £223,000 on 31st March 2021. For the value to have increased from £223,000 to £256,137 over the four years and one month to February 2025, the following assumptions must hold true:

• The value of 2A DEVON WAY has moved in line with the HPI for detached houses in the Leicester local authority area.
• The March 2021 sale price of £223,000 represented a fair market value for the property.
• The size, condition, and specification of 2A DEVON WAY has not materially changed since March 2021.

How Large is 2A DEVON WAY?

2A DEVON WAY is 68m² according to the EPC inspection conducted in December 2016. 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 2A DEVON WAY lies on this distribution: 6% of detached houses houses are smaller than 2A DEVON WAY, and 94% of houses are larger. Note that EPC data is not available for all properties in Leicester.

2A DEVON WAY: Plot and Title Map

2A DEVON WAY sits on a plot of roughly 0.059 of an acre, or 239m². The below map shows the location of 2A DEVON 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 2A DEVON 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 2A DEVON WAY?

2A DEVON WAY is located in LEICESTER, in the LE5 postcode district. The below map shows the position of No. 2A on DEVON WAY.