8, PALFREYMAN LANE, OADBY, LEICESTER, LE2 4UR - £335,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

8 PALFREYMAN LANE is a large extended detached house of 145m², built sometime between 1996 and 2002, which could now be worth an estimated £569,438. It was last sold for £335,000 in May 2013, which was around 42% above the average May 2013 detached price in the Oadby and Wigston local authority area. The most recent EPC inspection was March 2013, where the current energy rating was C, and the potential energy rating was B.

8 PALFREYMAN LANE Sold Prices

Land registry data shows two sales for 8 PALFREYMAN LANE 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 8 PALFREYMAN LANE 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
2013 24 MAY	£335,000	£235,599	42% above HPI
1996 17 APR	£117,500	£86,648	36% above HPI

8 PALFREYMAN LANE 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 8 PALFREYMAN LANE sales from April 1996 and May 2013 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 April 1996 sale was for 36% above the HPI. So the extrapolation line tracks at 36% above the HPI over time, until the May 2013 sale, where it rises to 42% above the HPI. The line then continues to track at 42% above the HPI.

What might 8 PALFREYMAN LANE be worth now?

8 PALFREYMAN LANE might now be worth an estimated £569,438.

This is based on house price inflation of 70%, between May 2013 and December 2024, 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 70% inflationary increase is applied to the most recent sale price for 8 PALFREYMAN LANE of £335,000 on 24th May 2013. For the value to have increased from £335,000 to £569,438 over the ten years and five months to December 2024, the following assumptions must hold true:

• The value of 8 PALFREYMAN LANE has moved in line with the HPI for detached houses in the Oadby and Wigston local authority area.
• The May 2013 sale price of £335,000 represented a fair market value for the property.
• The size, condition, and specification of 8 PALFREYMAN LANE has not materially changed since May 2013.

How Large is 8 PALFREYMAN LANE?

8 PALFREYMAN LANE is 145m², which includes one extension, according to the EPC inspection conducted in March 2013. This puts it in the largest 30% of detached houses houses in Oadby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Oadby, and where 8 PALFREYMAN LANE lies on this distribution: 71% of detached houses houses are smaller than 8 PALFREYMAN LANE, and 28% of houses are larger. Note that EPC data is not available for all properties in Oadby.

8 PALFREYMAN LANE: Plot and Title Map

8 PALFREYMAN LANE sits on a plot of roughly 0.090 of an acre, or 366m². The below map shows the location of 8 PALFREYMAN LANE, 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 PALFREYMAN LANE). 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 PALFREYMAN LANE?

8 PALFREYMAN LANE is located in OADBY, in the LE2 postcode district. The below map shows the position of No. 8 on PALFREYMAN LANE.