551, WELFORD ROAD, LEICESTER, LE2 6FN - £512,500

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

551 WELFORD ROAD is a very large extended detached house of 187m², built sometime between 1930 and 1949. It was last sold for £512,500 in April 2022, which was around 33% above the average April 2022 detached price in the Leicester local authority area. The most recent EPC inspection was March 2023, where the current energy rating was C, and the potential energy rating was B.

551 WELFORD ROAD Sold Prices

Land registry data shows two sales for 551 WELFORD 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. Both of the two 551 WELFORD ROAD 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
2022 1 APR	£512,500	£384,368	33% above HPI
2009 24 JUN	£249,995	£185,147	35% above HPI

551 WELFORD 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 551 WELFORD ROAD sales from June 2009 and April 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 June 2009 sale was for 35% above the HPI. So the extrapolation line tracks at 35% above the HPI over time, until the April 2022 sale, where it falls to 33% above the HPI. The line then continues to track at 33% above the HPI.

How Large is 551 WELFORD ROAD?

551 WELFORD ROAD is 187m², which includes three extensions, according to the EPC inspection conducted in March 2023. This puts it in the largest 20% of detached houses in Leicester, based on EPC data. The below chart shows the distribution of detached houses by size in Leicester, and where 551 WELFORD ROAD lies on this distribution: 90% of detached houses are smaller than 551 WELFORD ROAD, and 10% of houses are larger. Note that EPC data is not available for all properties in Leicester.

551 WELFORD ROAD: Plot and Title Map

551 WELFORD ROAD sits on a plot of roughly 0.156 of an acre, or 631m². The below map shows the location of 551 WELFORD 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 551 WELFORD 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 551 WELFORD ROAD?

551 WELFORD ROAD is located in LEICESTER, in the LE2 postcode district. The below map shows the position of No. 551 on WELFORD ROAD.