8, OAKRIDGE CLOSE, HAMILTON, LEICESTER, LE5 1UP - £321,000

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 OAKRIDGE CLOSE is a midsized detached house of 113m², built sometime between 1996 and 2002, which could now be worth an estimated £439,406. It was last sold for £321,000 in May 2018, which was around 14% above the average May 2018 detached price in the Leicester local authority area. The most recent EPC inspection was January 2018, where the current energy rating was C, and the potential energy rating was B.

8 OAKRIDGE CLOSE Sold Prices

Land registry data shows four sales for 8 OAKRIDGE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Leicester local authority area for the corresponding sale date. All of the four 8 OAKRIDGE CLOSE 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
2018 25 MAY	£321,000	£282,039	14% above HPI
2006 26 JAN	£245,000	£196,067	25% above HPI
2003 19 SEP	£238,000	£168,076	42% above HPI
1998 30 APR	£99,513	£73,119	36% above HPI

8 OAKRIDGE CLOSE 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 four 8 OAKRIDGE CLOSE sales between April 1998 and May 2018 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 January 2006 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the May 2018 sale, where it falls to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might 8 OAKRIDGE CLOSE be worth now?

8 OAKRIDGE CLOSE might now be worth an estimated £439,406.

This is based on house price inflation of 36.9%, between May 2018 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 36.9% inflationary increase is applied to the most recent sale price for 8 OAKRIDGE CLOSE of £321,000 on 25th May 2018. For the value to have increased from £321,000 to £439,406 over the seven years and three months to February 2025, the following assumptions must hold true:

• The value of 8 OAKRIDGE CLOSE has moved in line with the HPI for detached houses in the Leicester local authority area.
• The May 2018 sale price of £321,000 represented a fair market value for the property.
• The size, condition, and specification of 8 OAKRIDGE CLOSE has not materially changed since May 2018.

How Large is 8 OAKRIDGE CLOSE?

8 OAKRIDGE CLOSE is 113m² according to the EPC inspection conducted in January 2018. This puts it in the smallest 50% 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 8 OAKRIDGE CLOSE lies on this distribution: 47% of detached houses houses are smaller than 8 OAKRIDGE CLOSE, and 52% of houses are larger. Note that EPC data is not available for all properties in Leicester.

8 OAKRIDGE CLOSE: Plot and Title Map

8 OAKRIDGE CLOSE sits on a plot of roughly 0.082 of an acre, or 331m². The below map shows the location of 8 OAKRIDGE 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 8 OAKRIDGE 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 8 OAKRIDGE CLOSE?

8 OAKRIDGE CLOSE is located in HAMILTON, in the LE5 postcode district. The below map shows the position of No. 8 on OAKRIDGE CLOSE.