38, LAURESTON DRIVE, LEICESTER, LE2 2AQ - £325,000

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

38 LAURESTON DRIVE is a very small detached house of 74m², built sometime between 1967 and 1975. It was last sold for £325,000 in August 2023, which was around 18% below the average August 2023 detached price in the Leicester local authority area. The most recent EPC inspection was August 2018, where the current energy rating was D, and the potential energy rating was B.

38 LAURESTON DRIVE Sold Prices

Land registry data shows two sales for 38 LAURESTON DRIVE 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 38 LAURESTON DRIVE 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
2023 2 AUG	£325,000	£395,627	18% below HPI
2018 8 OCT	£210,000	£302,286	31% below HPI

38 LAURESTON DRIVE 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 38 LAURESTON DRIVE sales from October 2018 and August 2023 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 October 2018 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the August 2023 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 38 LAURESTON DRIVE?

38 LAURESTON DRIVE is 74m² according to the EPC inspection conducted in August 2018. This puts it in the smallest 10% of detached houses in Leicester, based on EPC data. The below chart shows the distribution of detached houses by size in Leicester, and where 38 LAURESTON DRIVE lies on this distribution: 9% of detached houses are smaller than 38 LAURESTON DRIVE, and 90% of houses are larger. Note that EPC data is not available for all properties in Leicester.

38 LAURESTON DRIVE: Plot and Title Map

38 LAURESTON DRIVE sits on a plot of roughly 0.070 of an acre, or 282m². The below map shows the location of 38 LAURESTON DRIVE, 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 38 LAURESTON DRIVE). 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 38 LAURESTON DRIVE?

38 LAURESTON DRIVE is located in LEICESTER, in the LE2 postcode district. The below map shows the position of No. 38 on LAURESTON DRIVE.