38, WATERGATE LANE, LEICESTER, LE3 2XP - £185,000

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 WATERGATE LANE is a very small detached house of 56m², built sometime between 1967 and 1975. It was last sold for £185,000 in November 2019, which was around 42% below the average November 2019 detached price in the Blaby local authority area. The most recent EPC inspection was May 2019, where the current energy rating was E, and the potential energy rating was B.

38 WATERGATE LANE Sold Prices

Land registry data shows two sales for 38 WATERGATE 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 Blaby local authority area for the corresponding sale date. Both of the two 38 WATERGATE 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
2019 25 NOV	£185,000	£319,711	42% below HPI
2000 12 JUN	£65,500	£103,615	37% below HPI

38 WATERGATE LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Blaby local authority area over time, sourced from the HPI. The two 38 WATERGATE LANE sales from June 2000 and November 2019 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 June 2000 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the November 2019 sale, where it falls to 42% below the HPI. The line then continues to track at 42% below the HPI.

How Large is 38 WATERGATE LANE?

38 WATERGATE LANE is 56m² according to the EPC inspection conducted in May 2019. 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 WATERGATE LANE lies on this distribution: 2% of detached houses are smaller than 38 WATERGATE LANE, and 98% of houses are larger. Note that EPC data is not available for all properties in Leicester.

38 WATERGATE LANE: Plot and Title Map

38 WATERGATE LANE sits on a plot of roughly 0.080 of an acre, or 323m². The below map shows the location of 38 WATERGATE 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 WATERGATE 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 WATERGATE LANE?

38 WATERGATE LANE is located in LEICESTER, in the LE3 postcode district. The below map shows the position of No. 38 on WATERGATE LANE.