38, RINGERS SPINNEY, OADBY, LEICESTER, LE2 2HA - £575,000

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 RINGERS SPINNEY is a very large extended detached house of 206m², built sometime between 1950 and 1966. It was last sold for £575,000 in February 2022, which was around 48% above the average February 2022 detached price in the Oadby and Wigston local authority area. The most recent EPC inspection was March 2018, where the current energy rating was C, and the potential energy rating was B.

38 RINGERS SPINNEY Sold Prices

Land registry data shows two sales for 38 RINGERS SPINNEY 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 38 RINGERS SPINNEY 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
2022 22 FEB	£575,000	£388,871	48% above HPI
1999 26 MAY	£130,000	£104,538	24% above HPI

38 RINGERS SPINNEY 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 38 RINGERS SPINNEY sales from May 1999 and February 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 1999 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the February 2022 sale, where it rises to 48% above the HPI. The line then continues to track at 48% above the HPI.

How Large is 38 RINGERS SPINNEY?

38 RINGERS SPINNEY is 206m², which includes two extensions, according to the EPC inspection conducted in March 2018. This puts it in the largest 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 38 RINGERS SPINNEY lies on this distribution: 91% of detached houses are smaller than 38 RINGERS SPINNEY, and 9% of houses are larger. Note that EPC data is not available for all properties in Oadby.

38 RINGERS SPINNEY: Plot and Title Map

38 RINGERS SPINNEY sits on a plot of roughly 0.206 of an acre, or 833m². The below map shows the location of 38 RINGERS SPINNEY, 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 RINGERS SPINNEY). 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 RINGERS SPINNEY?

38 RINGERS SPINNEY is located in OADBY, in the LE2 postcode district. The below map shows the position of No. 38 on RINGERS SPINNEY.