8, MEADOW WAY, GROBY, LEICESTER, LE6 0EY - £365,000

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.

8 MEADOW WAY is a very large extended detached house of 149m², built sometime between 1983 and 1990, which could now be worth an estimated £478,501. It was last sold for £365,000 in February 2019, which was around 26% above the average February 2019 detached price in the Hinckley and Bosworth local authority area. The most recent EPC inspection was October 2015, where the current energy rating was D, and the potential energy rating was C.

8 MEADOW WAY Sold Prices

Land registry data shows two sales for 8 MEADOW 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 Hinckley and Bosworth local authority area for the corresponding sale date. Both of the two 8 MEADOW 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
2019 1 FEB	£365,000	£290,662	26% above HPI
1997 27 MAR	£95,000	£74,858	27% above HPI

8 MEADOW WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Hinckley and Bosworth local authority area over time, sourced from the HPI. The two 8 MEADOW WAY sales from March 1997 and February 2019 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 1997 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the February 2019 sale, where it falls to 26% above the HPI. The line then continues to track at 26% above the HPI.

What might 8 MEADOW WAY be worth now?

8 MEADOW WAY might now be worth an estimated £478,501.

This is based on house price inflation of 31.1%, between February 2019 and February 2025, for detached houses, in the Hinckley and Bosworth local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 31.1% inflationary increase is applied to the most recent sale price for 8 MEADOW WAY of £365,000 on 1st February 2019. For the value to have increased from £365,000 to £478,501 over the six years to February 2025, the following assumptions must hold true:

• The value of 8 MEADOW WAY has moved in line with the HPI for detached houses in the Hinckley and Bosworth local authority area.
• The February 2019 sale price of £365,000 represented a fair market value for the property.
• The size, condition, and specification of 8 MEADOW WAY has not materially changed since February 2019.

How Large is 8 MEADOW WAY?

8 MEADOW WAY is 149m², which includes one extension, according to the EPC inspection conducted in October 2015. This puts it in the largest 20% of detached houses houses in Groby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Groby, and where 8 MEADOW WAY lies on this distribution: 87% of detached houses houses are smaller than 8 MEADOW WAY, and 13% of houses are larger. Note that EPC data is not available for all properties in Groby.

8 MEADOW WAY: Plot and Title Map

8 MEADOW WAY sits on a plot of roughly 0.108 of an acre, or 439m². The below map shows the location of 8 MEADOW 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 8 MEADOW 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 8 MEADOW WAY?

8 MEADOW WAY is located in GROBY, in the LE6 postcode district. The below map shows the position of No. 8 on MEADOW WAY.