7, RAINE WAY, OADBY, LEICESTER, LE2 4UB - £249,950

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

7 RAINE WAY is a small detached house of 109m², built sometime between 1991 and 1995. It was last sold for £249,950 in May 2012, which was around 4% above the average May 2012 detached price in the Oadby and Wigston local authority area. The most recent EPC inspection was December 2011, where the current energy rating was D, and the potential energy rating was D.

7 RAINE WAY Sold Prices

Land registry data shows two sales for 7 RAINE WAY 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 7 RAINE WAY 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
2012 10 MAY	£249,950	£241,014	4% above HPI
1999 20 AUG	£125,000	£105,349	19% above HPI

7 RAINE WAY 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 7 RAINE WAY sales from August 1999 and May 2012 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 1999 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the May 2012 sale, where it falls to 4% above the HPI. The line then continues to track at 4% above the HPI.

How Large is 7 RAINE WAY?

7 RAINE WAY is 109m² according to the EPC inspection conducted in December 2011. 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 7 RAINE WAY lies on this distribution: 38% of detached houses are smaller than 7 RAINE WAY, and 62% of houses are larger. Note that EPC data is not available for all properties in Oadby.

7 RAINE WAY: Plot and Title Map

7 RAINE WAY sits on a plot of roughly 0.065 of an acre, or 263m². The below map shows the location of 7 RAINE WAY, 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 7 RAINE WAY). 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 7 RAINE WAY?

7 RAINE WAY is located in OADBY, in the LE2 postcode district. The below map shows the position of No. 7 on RAINE WAY.