37, GORSE LANE, OADBY, LEICESTER, LE2 4RR - £280,000

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

37 GORSE LANE is a very small detached house of 81m², built sometime between 1930 and 1949. It was last sold for £280,000 in December 2022, which was around 34% below the average December 2022 detached price in the Oadby and Wigston local authority area. The most recent EPC inspection was August 2022, where the current energy rating was D, and the potential energy rating was B.

37 GORSE LANE Sold Prices

Land registry data shows two sales for 37 GORSE LANE 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 37 GORSE LANE 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
2022 16 DEC	£280,000	£424,484	34% below HPI
2019 10 MAY	£246,000	£336,130	27% below HPI

37 GORSE LANE 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 37 GORSE LANE sales from May 2019 and December 2022 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 May 2019 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the December 2022 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 37 GORSE LANE?

37 GORSE LANE is 81m² according to the EPC inspection conducted in August 2022. This puts it in the smallest 10% of detached houses in Oadby, based on EPC data. The below chart shows the distribution of detached houses by size in Oadby, and where 37 GORSE LANE lies on this distribution: 10% of detached houses are smaller than 37 GORSE LANE, and 89% of houses are larger. Note that EPC data is not available for all properties in Oadby.

37 GORSE LANE: Plot and Title Map

37 GORSE LANE sits on a plot of roughly 0.037 of an acre, or 150m². The below map shows the location of 37 GORSE LANE, 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 37 GORSE LANE). 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 37 GORSE LANE?

37 GORSE LANE is located in OADBY, in the LE2 postcode district. The below map shows the position of No. 37 on GORSE LANE.