4, FORMANS WAY, RAVENSTONE, COALVILLE, LE67 2NX - £255,000

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

4 FORMANS WAY is a very small extended detached house of 78m², built sometime between 1996 and 2002. It was last sold for £255,000 in August 2022, which was around 31% below the average August 2022 detached price in the North West Leicestershire local authority area. The most recent EPC inspection was January 2022, where the current energy rating was C, and the potential energy rating was B.

4 FORMANS WAY Sold Prices

Land registry data shows three sales for 4 FORMANS WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North West Leicestershire local authority area for the corresponding sale date. All of the three 4 FORMANS WAY 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
2022 31 AUG	£255,000	£371,907	31% below HPI
1997 19 DEC	£60,000	£83,231	28% below HPI
1997 12 DEC	£60,000	£83,231	28% below HPI

4 FORMANS WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the North West Leicestershire local authority area over time, sourced from the HPI. The three 4 FORMANS WAY sales between December 1997 and August 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 December 1997 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the August 2022 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 4 FORMANS WAY be worth now?

4 FORMANS WAY might now be worth an estimated £269,357.

This is based on house price inflation of 5.6%, between August 2022 and December 2024, for detached houses, in the North West Leicestershire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 5.6% inflationary increase is applied to the most recent sale price for 4 FORMANS WAY of £255,000 on 31st August 2022. For the value to have increased from £255,000 to £269,357 over the one year and eight months to December 2024, the following assumptions must hold true:

• The value of 4 FORMANS WAY has moved in line with the HPI for detached houses in the North West Leicestershire local authority area.
• The August 2022 sale price of £255,000 represented a fair market value for the property.
• The size, condition, and specification of 4 FORMANS WAY has not materially changed since August 2022.

How Large is 4 FORMANS WAY?

4 FORMANS WAY is 78m², which includes one extension, according to the EPC inspection conducted in January 2022. This puts it in the smallest 10% of detached houses houses in Coalville, based on EPC data. The below chart shows the distribution of detached houses houses by size in Coalville, and where 4 FORMANS WAY lies on this distribution: 10% of detached houses houses are smaller than 4 FORMANS WAY, and 90% of houses are larger. Note that EPC data is not available for all properties in Coalville.

4 FORMANS WAY: Plot and Title Map

4 FORMANS WAY sits on a plot of roughly 0.059 of an acre, or 237m². The below map shows the location of 4 FORMANS WAY, 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 4 FORMANS WAY). 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 4 FORMANS WAY?

4 FORMANS WAY is located in RAVENSTONE, in the LE67 postcode district. The below map shows the position of No. 4 on FORMANS WAY.