388, WELFORD ROAD, LEICESTER, LE2 6EJ - £350,000

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

388 WELFORD ROAD is a large extended detached house of 127m², built sometime between 1930 and 1949. It was last sold for £350,000 in June 2021, which was around 1% above the average June 2021 detached price in the Leicester local authority area. The most recent EPC inspection was June 2017, where the current energy rating was D, and the potential energy rating was C.

388 WELFORD ROAD Sold Prices

Land registry data shows three sales for 388 WELFORD ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Leicester local authority area for the corresponding sale date. All of the three 388 WELFORD ROAD 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
2021 29 JUN	£350,000	£345,326	1% above HPI
2004 30 JAN	£187,000	£176,780	6% above HPI
2001 25 SEP	£119,250	£106,853	12% above HPI

388 WELFORD ROAD 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 three 388 WELFORD ROAD sales between September 2001 and June 2021 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 January 2004 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the June 2021 sale, where it falls to 1% above the HPI. The line then continues to track at 1% above the HPI.

How Large is 388 WELFORD ROAD?

388 WELFORD ROAD is 127m², which includes three extensions, according to the EPC inspection conducted in June 2017. This puts it in the largest 40% of detached houses in Leicester, based on EPC data. The below chart shows the distribution of detached houses by size in Leicester, and where 388 WELFORD ROAD lies on this distribution: 61% of detached houses are smaller than 388 WELFORD ROAD, and 39% of houses are larger. Note that EPC data is not available for all properties in Leicester.

388 WELFORD ROAD: Plot and Title Map

388 WELFORD ROAD sits on a plot of roughly 0.096 of an acre, or 390m². The below map shows the location of 388 WELFORD ROAD, 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 388 WELFORD ROAD). 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 388 WELFORD ROAD?

388 WELFORD ROAD is located in LEICESTER, in the LE2 postcode district. The below map shows the position of No. 388 on WELFORD ROAD.