5, MEYNELL CLOSE, OADBY, LEICESTER, LE2 4SW - £258,000

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.

5 MEYNELL CLOSE is a very small detached house of 87m², built sometime between 1967 and 1975, which could now be worth an estimated £393,013. It was last sold for £258,000 in June 2015, which was around 4% below the average June 2015 detached price in the Oadby and Wigston local authority area. The most recent EPC inspection was May 2024, where the current energy rating was C, and the potential energy rating was B.

5 MEYNELL CLOSE Sold Prices

Land registry data shows two sales for 5 MEYNELL CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Oadby and Wigston local authority area for the corresponding sale date. Both of the two 5 MEYNELL CLOSE 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
2015 19 JUN	£258,000	£270,021	4% below HPI
2013 12 APR	£167,500	£237,088	29% below HPI

5 MEYNELL CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Oadby and Wigston local authority area over time, sourced from the HPI. The two 5 MEYNELL CLOSE sales from April 2013 and June 2015 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 April 2013 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the June 2015 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 5 MEYNELL CLOSE be worth now?

5 MEYNELL CLOSE might now be worth an estimated £393,013.

This is based on house price inflation of 52.3%, between June 2015 and February 2025, for detached houses, in the Oadby and Wigston local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 52.3% inflationary increase is applied to the most recent sale price for 5 MEYNELL CLOSE of £258,000 on 19th June 2015. For the value to have increased from £258,000 to £393,013 over the ten years and four months to February 2025, the following assumptions must hold true:

• The value of 5 MEYNELL CLOSE has moved in line with the HPI for detached houses in the Oadby and Wigston local authority area.
• The June 2015 sale price of £258,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MEYNELL CLOSE has not materially changed since June 2015.

How Large is 5 MEYNELL CLOSE?

5 MEYNELL CLOSE is 87m² according to the EPC inspection conducted in May 2024. This puts it in the smallest 20% of detached houses houses in Oadby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Oadby, and where 5 MEYNELL CLOSE lies on this distribution: 16% of detached houses houses are smaller than 5 MEYNELL CLOSE, and 83% of houses are larger. Note that EPC data is not available for all properties in Oadby.

5 MEYNELL CLOSE: Plot and Title Map

5 MEYNELL CLOSE sits on a plot of roughly 0.113 of an acre, or 457m². The below map shows the location of 5 MEYNELL CLOSE, 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 5 MEYNELL CLOSE). 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 5 MEYNELL CLOSE?

5 MEYNELL CLOSE is located in OADBY, in the LE2 postcode district. The below map shows the position of No. 5 on MEYNELL CLOSE.