45, FESTIVAL AVENUE, THURMASTON, LEICESTER, LE4 8JB - £245,000

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.

45 FESTIVAL AVENUE is a very small extended detached house of 56m², built sometime between 1950 and 1966, which could now be worth an estimated £252,763. It was last sold for £245,000 in August 2022, which was around 39% below the average August 2022 detached price in the Charnwood local authority area. The most recent EPC inspection was March 2022, where the current energy rating was D, and the potential energy rating was B.

45 FESTIVAL AVENUE Sold Prices

Land registry data shows two sales for 45 FESTIVAL AVENUE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Charnwood local authority area for the corresponding sale date. Both of the two 45 FESTIVAL AVENUE 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 18 AUG	£245,000	£403,438	39% below HPI
2001 9 NOV	£79,500	£135,058	41% below HPI

45 FESTIVAL AVENUE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Charnwood local authority area over time, sourced from the HPI. The two 45 FESTIVAL AVENUE sales from November 2001 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 November 2001 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the August 2022 sale, where it rises to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might 45 FESTIVAL AVENUE be worth now?

45 FESTIVAL AVENUE might now be worth an estimated £252,763.

This is based on house price inflation of 3.2%, between August 2022 and February 2025, for detached houses, in the Charnwood local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.2% inflationary increase is applied to the most recent sale price for 45 FESTIVAL AVENUE of £245,000 on 18th August 2022. For the value to have increased from £245,000 to £252,763 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of 45 FESTIVAL AVENUE has moved in line with the HPI for detached houses in the Charnwood local authority area.
• The August 2022 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 45 FESTIVAL AVENUE has not materially changed since August 2022.

How Large is 45 FESTIVAL AVENUE?

45 FESTIVAL AVENUE is 56m², which includes one extension, according to the EPC inspection conducted in March 2022. This puts it in the smallest 10% of detached houses houses in Thurmaston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Thurmaston, and where 45 FESTIVAL AVENUE lies on this distribution: 5% of detached houses houses are smaller than 45 FESTIVAL AVENUE, and 93% of houses are larger. Note that EPC data is not available for all properties in Thurmaston.

45 FESTIVAL AVENUE: Plot and Title Map

45 FESTIVAL AVENUE sits on a plot of roughly 0.063 of an acre, or 253m². The below map shows the location of 45 FESTIVAL AVENUE, 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 45 FESTIVAL AVENUE). 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 45 FESTIVAL AVENUE?

45 FESTIVAL AVENUE is located in THURMASTON, in the LE4 postcode district. The below map shows the position of No. 45 on FESTIVAL AVENUE.