38, SPA LANE, WIGSTON, LE18 3QD - £194,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

38 SPA LANE is a midsized extended semi-detached house of 100m², built sometime between 1950 and 1966. It was last sold for £194,000 in October 2017, which was around 3% below the average October 2017 semi-detached price in the Oadby and Wigston local authority area. The most recent EPC inspection was December 2008, where the current energy rating was D, and the potential energy rating was C.

38 SPA LANE Sold Prices

Land registry data shows five sales for 38 SPA LANE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the Oadby and Wigston local authority area for the corresponding sale date. Most of the five 38 SPA 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
2017 27 OCT	£194,000	£200,413	3% below HPI
2009 20 MAR	£127,500	£137,039	7% below HPI
2000 28 JUL	£69,500	£71,693	3% below HPI
1996 12 JUL	£52,000	£49,527	5% above HPI
1995 1 DEC	£29,500	£49,012	40% below HPI

38 SPA LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Oadby and Wigston local authority area over time, sourced from the HPI. The five 38 SPA LANE sales between December 1995 and October 2017 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 2009 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the October 2017 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 38 SPA LANE be worth now?

38 SPA LANE might now be worth an estimated £246,676.

This is based on house price inflation of 27.2%, between October 2017 and December 2024, for semi-detached houses, in the Oadby and Wigston local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 27.2% inflationary increase is applied to the most recent sale price for 38 SPA LANE of £194,000 on 27th October 2017. For the value to have increased from £194,000 to £246,676 over the six years and ten months to December 2024, the following assumptions must hold true:

• The value of 38 SPA LANE has moved in line with the HPI for semi-detached houses in the Oadby and Wigston local authority area.
• The October 2017 sale price of £194,000 represented a fair market value for the property.
• The size, condition, and specification of 38 SPA LANE has not materially changed since October 2017.

How Large is 38 SPA LANE?

38 SPA LANE is 100m², which includes two extensions, according to the EPC inspection conducted in December 2008. This puts it in the smallest 50% of semi-detached houses houses in Wigston, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Wigston, and where 38 SPA LANE lies on this distribution: 42% of semi-detached houses houses are smaller than 38 SPA LANE, and 58% of houses are larger. Note that EPC data is not available for all properties in Wigston.

38 SPA LANE: Plot and Title Map

38 SPA LANE sits on a plot of roughly 0.065 of an acre, or 263m². The below map shows the location of 38 SPA 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 38 SPA 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 38 SPA LANE?

38 SPA LANE is located in WIGSTON, in the LE18 postcode district. The below map shows the position of No. 38 on SPA LANE.