553, WELFORD ROAD, LEICESTER, LE2 6FN - £315,000

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

553 WELFORD ROAD is a small detached house of 97m², built sometime between 1930 and 1949. It was last sold for £315,000 in January 2022, which was around 15% below the average January 2022 detached price in the Leicester local authority area. The most recent EPC inspection was March 2015, where the current energy rating was E, and the potential energy rating was B.

553 WELFORD ROAD Sold Prices

Land registry data shows two sales for 553 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 553 WELFORD ROAD 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 20 JAN	£315,000	£372,256	15% below HPI
2016 29 JUL	£250,000	£259,129	4% below HPI

553 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 553 WELFORD ROAD sales from July 2016 and January 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 July 2016 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the January 2022 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 553 WELFORD ROAD?

553 WELFORD ROAD is 97m² according to the EPC inspection conducted in March 2015. This puts it in the smallest 40% of detached houses in Leicester, based on EPC data. The below chart shows the distribution of detached houses by size in Leicester, and where 553 WELFORD ROAD lies on this distribution: 31% of detached houses are smaller than 553 WELFORD ROAD, and 68% of houses are larger. Note that EPC data is not available for all properties in Leicester.

553 WELFORD ROAD: Plot and Title Map

553 WELFORD ROAD sits on a plot of roughly 0.130 of an acre, or 526m². The below map shows the location of 553 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 553 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 553 WELFORD ROAD?

553 WELFORD ROAD is located in LEICESTER, in the LE2 postcode district. The below map shows the position of No. 553 on WELFORD ROAD.