5, PENNINE CLOSE, OADBY, LEICESTER, LE2 4TB - £295,000

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

5 PENNINE CLOSE is a small detached house of 109m², built sometime between 1983 and 1990. It was last sold for £295,000 in May 2019, which was around 12% below the average May 2019 detached price in the Oadby and Wigston local authority area. The most recent EPC inspection was October 2017, where the current energy rating was C, and the potential energy rating was B.

5 PENNINE CLOSE Sold Prices

Land registry data shows four sales for 5 PENNINE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Oadby and Wigston local authority area for the corresponding sale date. Most of the four 5 PENNINE CLOSE sales were for above 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
2019 31 MAY	£295,000	£336,130	12% below HPI
2018 15 MAY	£345,000	£326,506	6% above HPI
2005 9 SEP	£245,000	£237,597	3% above HPI
2001 30 NOV	£155,000	£144,189	7% above HPI

5 PENNINE 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 four 5 PENNINE CLOSE sales between November 2001 and May 2019 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 2018 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the May 2019 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 5 PENNINE CLOSE?

5 PENNINE CLOSE is 109m² according to the EPC inspection conducted in October 2017. This puts it in the smallest 40% of detached houses in Oadby, based on EPC data. The below chart shows the distribution of detached houses by size in Oadby, and where 5 PENNINE CLOSE lies on this distribution: 38% of detached houses are smaller than 5 PENNINE CLOSE, and 61% of houses are larger. Note that EPC data is not available for all properties in Oadby.

5 PENNINE CLOSE: Plot and Title Map

5 PENNINE CLOSE sits on a plot of roughly 0.078 of an acre, or 314m². The below map shows the location of 5 PENNINE 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 PENNINE 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 PENNINE CLOSE?

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