40, HERITAGE WAY, HAMILTON, LEICESTER, LE5 1QF - £178,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

40 HERITAGE WAY is a midsized extended detached house of 119m², built sometime between 2003 and 2006. It was last sold for £178,000 in May 2006, which was around 12% below the average May 2006 detached price in the Leicester local authority area. The most recent EPC inspection was September 2015, where the current energy rating was B, and the potential energy rating was B.

40 HERITAGE WAY Sold Prices

Land registry data shows two sales for 40 HERITAGE WAY 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 40 HERITAGE 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
2006 19 MAY	£178,000	£202,285	12% below HPI
2004 7 MAY	£160,000	£187,336	15% below HPI

40 HERITAGE WAY 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 40 HERITAGE WAY sales from May 2004 and May 2006 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 May 2004 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the May 2006 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 40 HERITAGE WAY?

40 HERITAGE WAY is 119m², which includes one extension, according to the EPC inspection conducted in September 2015. This puts it in the largest 50% of detached houses in Leicester, based on EPC data. The below chart shows the distribution of detached houses by size in Leicester, and where 40 HERITAGE WAY lies on this distribution: 54% of detached houses are smaller than 40 HERITAGE WAY, and 46% of houses are larger. Note that EPC data is not available for all properties in Leicester.

40 HERITAGE WAY: Plot and Title Map

40 HERITAGE WAY sits on a plot of roughly 0.048 of an acre, or 196m². The below map shows the location of 40 HERITAGE 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 40 HERITAGE 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 40 HERITAGE WAY?

40 HERITAGE WAY is located in HAMILTON, in the LE5 postcode district. The below map shows the position of No. 40 on HERITAGE WAY.