51, MERE ROAD, LEICESTER, LE5 3HT - £220,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

51 MERE ROAD is a midsized extended detached house of 122m², built sometime between 1900 and 1929. It was last sold for £220,000 in August 2017, which was around 21% below the average August 2017 detached price in the Leicester local authority area. The most recent EPC inspection was August 2016, where the current energy rating was D, and the potential energy rating was B.

51 MERE ROAD Sold Prices

Land registry data shows two sales for 51 MERE ROAD 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. One of the two 51 MERE ROAD sales was for below the average price, whilst the other was 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
2017 25 AUG	£220,000	£280,089	21% below HPI
2007 10 AUG	£245,000	£220,926	11% above HPI

51 MERE ROAD 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 51 MERE ROAD sales from August 2007 and August 2017 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 August 2007 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the August 2017 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 51 MERE ROAD?

51 MERE ROAD is 122m², which includes one extension, according to the EPC inspection conducted in August 2016. 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 51 MERE ROAD lies on this distribution: 57% of detached houses are smaller than 51 MERE ROAD, and 43% of houses are larger. Note that EPC data is not available for all properties in Leicester.

51 MERE ROAD: Plot and Title Map

51 MERE ROAD sits on a plot of roughly 0.028 of an acre, or 112m². The below map shows the location of 51 MERE ROAD, 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 51 MERE ROAD). 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 51 MERE ROAD?

51 MERE ROAD is located in LEICESTER, in the LE5 postcode district. The below map shows the position of No. 51 on MERE ROAD.