7, RINGWOOD CLOSE, WIGSTON, LE18 2JL - £370,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

7 RINGWOOD CLOSE is a very large extended detached house of 139m², built sometime between 1967 and 1975, which could now be worth an estimated £418,681. It was last sold for £370,000 in February 2021, which was around 2% above the average February 2021 detached price in the Oadby and Wigston local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was C.

7 RINGWOOD CLOSE Sold Prices

Land registry data shows three sales for 7 RINGWOOD CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Oadby and Wigston local authority area for the corresponding sale date. One of the three 7 RINGWOOD CLOSE sales was for above the average price, whilst two 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
2021 12 FEB	£370,000	£363,499	2% above HPI
2007 6 SEP	£249,950	£262,983	5% below HPI
2004 27 JAN	£189,000	£219,821	14% below HPI

7 RINGWOOD 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 three 7 RINGWOOD CLOSE sales between January 2004 and February 2021 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 September 2007 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the February 2021 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might 7 RINGWOOD CLOSE be worth now?

7 RINGWOOD CLOSE might now be worth an estimated £418,681.

This is based on house price inflation of 13.2%, between February 2021 and February 2025, for detached houses, in the Oadby and Wigston local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 13.2% inflationary increase is applied to the most recent sale price for 7 RINGWOOD CLOSE of £370,000 on 12th February 2021. For the value to have increased from £370,000 to £418,681 over the four years to February 2025, the following assumptions must hold true:

• The value of 7 RINGWOOD CLOSE has moved in line with the HPI for detached houses in the Oadby and Wigston local authority area.
• The February 2021 sale price of £370,000 represented a fair market value for the property.
• The size, condition, and specification of 7 RINGWOOD CLOSE has not materially changed since February 2021.

How Large is 7 RINGWOOD CLOSE?

7 RINGWOOD CLOSE is 139m², which includes one extension, according to the EPC inspection conducted in September 2020. This puts it in the largest 20% of detached houses houses in Wigston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wigston, and where 7 RINGWOOD CLOSE lies on this distribution: 81% of detached houses houses are smaller than 7 RINGWOOD CLOSE, and 19% of houses are larger. Note that EPC data is not available for all properties in Wigston.

7 RINGWOOD CLOSE: Plot and Title Map

7 RINGWOOD CLOSE sits on a plot of roughly 0.158 of an acre, or 639m². The below map shows the location of 7 RINGWOOD 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 7 RINGWOOD 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 7 RINGWOOD CLOSE?

7 RINGWOOD CLOSE is located in WIGSTON, in the LE18 postcode district. The below map shows the position of No. 7 on RINGWOOD CLOSE.