72, ESSEX ROAD, LEICESTER, LE4 9EF - £278,000

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.

72 ESSEX ROAD is a very small detached house of 66m², built sometime between 1930 and 1949, which could now be worth an estimated £293,047. It was last sold for £278,000 in February 2022, which was around 24% below the average February 2022 detached price in the Leicester local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was B.

72 ESSEX ROAD Sold Prices

Land registry data shows five sales for 72 ESSEX ROAD since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Leicester local authority area for the corresponding sale date. All of the five 72 ESSEX 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 14 FEB	£278,000	£366,250	24% below HPI
2015 6 MAR	£135,000	£222,655	39% below HPI
2002 8 MAR	£58,000	£114,037	49% below HPI
1997 12 NOV	£42,500	£71,233	40% below HPI
1996 20 SEP	£27,000	£69,682	61% below HPI

72 ESSEX 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 five 72 ESSEX ROAD sales between September 1996 and February 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 March 2015 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the February 2022 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 72 ESSEX ROAD be worth now?

72 ESSEX ROAD might now be worth an estimated £293,047.

This is based on house price inflation of 5.4%, between February 2022 and February 2025, for detached houses, in the Leicester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 5.4% inflationary increase is applied to the most recent sale price for 72 ESSEX ROAD of £278,000 on 14th February 2022. For the value to have increased from £278,000 to £293,047 over the three years to February 2025, the following assumptions must hold true:

• The value of 72 ESSEX ROAD has moved in line with the HPI for detached houses in the Leicester local authority area.
• The February 2022 sale price of £278,000 represented a fair market value for the property.
• The size, condition, and specification of 72 ESSEX ROAD has not materially changed since February 2022.

How Large is 72 ESSEX ROAD?

72 ESSEX ROAD is 66m² according to the EPC inspection conducted in April 2014. This puts it in the smallest 10% of detached houses houses in Leicester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Leicester, and where 72 ESSEX ROAD lies on this distribution: 5% of detached houses houses are smaller than 72 ESSEX ROAD, and 95% of houses are larger. Note that EPC data is not available for all properties in Leicester.

72 ESSEX ROAD: Plot and Title Map

72 ESSEX ROAD sits on a plot of roughly 0.035 of an acre, or 140m². The below map shows the location of 72 ESSEX 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 72 ESSEX 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 72 ESSEX ROAD?

72 ESSEX ROAD is located in LEICESTER, in the LE4 postcode district. The below map shows the position of No. 72 on ESSEX ROAD.