3, PARK RISE, LEICESTER, LE3 6SG - £218,000

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.

3 PARK RISE is a large extended detached house of 130m², built sometime between 1967 and 1975, which could now be worth an estimated £418,617. It was last sold for £218,000 in November 2011, which was around 8% above the average November 2011 detached price in the Leicester local authority area. The most recent EPC inspection was March 2013, where the current energy rating was B, and the potential energy rating was B.

3 PARK RISE Sold Prices

Land registry data shows two sales for 3 PARK RISE 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 3 PARK RISE 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
2011 25 NOV	£218,000	£201,053	8% above HPI
2007 21 SEP	£225,000	£215,571	4% above HPI

3 PARK RISE 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 3 PARK RISE sales from September 2007 and November 2011 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 September 2007 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the November 2011 sale, where it rises to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might 3 PARK RISE be worth now?

3 PARK RISE might now be worth an estimated £418,617.

This is based on house price inflation of 92%, between November 2011 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 92% inflationary increase is applied to the most recent sale price for 3 PARK RISE of £218,000 on 25th November 2011. For the value to have increased from £218,000 to £418,617 over the fourteen years and nine months to February 2025, the following assumptions must hold true:

• The value of 3 PARK RISE has moved in line with the HPI for detached houses in the Leicester local authority area.
• The November 2011 sale price of £218,000 represented a fair market value for the property.
• The size, condition, and specification of 3 PARK RISE has not materially changed since November 2011.

How Large is 3 PARK RISE?

3 PARK RISE is 130m², which includes one extension, according to the EPC inspection conducted in March 2013. This puts it in the largest 40% 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 3 PARK RISE lies on this distribution: 64% of detached houses houses are smaller than 3 PARK RISE, and 35% of houses are larger. Note that EPC data is not available for all properties in Leicester.

3 PARK RISE: Plot and Title Map

3 PARK RISE sits on a plot of roughly 0.101 of an acre, or 408m². The below map shows the location of 3 PARK RISE, 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 3 PARK RISE). 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 3 PARK RISE?

3 PARK RISE is located in LEICESTER, in the LE3 postcode district. The below map shows the position of No. 3 on PARK RISE.