4, ORMEN GREEN, LEICESTER, LE3 6NS - £154,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

4 ORMEN GREEN is a very small detached house of 65m², built sometime between 1930 and 1949, which could now be worth an estimated £160,761. It was last sold for £154,000 in July 2022, which was around 58% below the average July 2022 detached price in the Leicester local authority area. The most recent EPC inspection was July 2019, where the current energy rating was G, and the potential energy rating was C.

4 ORMEN GREEN Sold Prices

Land registry data shows two sales for 4 ORMEN GREEN since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Leicester local authority area for the corresponding sale date. Both of the two 4 ORMEN GREEN 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 12 JUL	£154,000	£369,837	58% below HPI
2019 14 OCT	£120,000	£303,341	60% below HPI

4 ORMEN GREEN 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 two 4 ORMEN GREEN sales from October 2019 and July 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 October 2019 sale was for 60% below the HPI. So the extrapolation line tracks at 60% below the HPI over time, until the July 2022 sale, where it rises to 58% below the HPI. The line then continues to track at 58% below the HPI.

What might 4 ORMEN GREEN be worth now?

4 ORMEN GREEN might now be worth an estimated £160,761.

This is based on house price inflation of 4.4%, between July 2022 and February 2025, for detached houses, in the Leicester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 4.4% inflationary increase is applied to the most recent sale price for 4 ORMEN GREEN of £154,000 on 12th July 2022. For the value to have increased from £154,000 to £160,761 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of 4 ORMEN GREEN has moved in line with the HPI for detached houses in the Leicester local authority area.
• The July 2022 sale price of £154,000 represented a fair market value for the property.
• The size, condition, and specification of 4 ORMEN GREEN has not materially changed since July 2022.

How Large is 4 ORMEN GREEN?

4 ORMEN GREEN is 65m² according to the EPC inspection conducted in July 2019. This puts it in the smallest 10% of detached houses houses in Leicester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Leicester, and where 4 ORMEN GREEN lies on this distribution: 4% of detached houses houses are smaller than 4 ORMEN GREEN, and 95% of houses are larger. Note that EPC data is not available for all properties in Leicester.

4 ORMEN GREEN: Plot and Title Map

4 ORMEN GREEN sits on a plot of roughly 0.076 of an acre, or 307m². The below map shows the location of 4 ORMEN GREEN, 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 ORMEN GREEN). 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 ORMEN GREEN?

4 ORMEN GREEN is located in LEICESTER, in the LE3 postcode district. The below map shows the position of No. 4 on ORMEN GREEN.