8, WILLOW HERB CLOSE, OADBY, LEICESTER, LE2 4QG - £455,000

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 WILLOW HERB CLOSE is a small detached house of 109m², built sometime between 2003 and 2006, which could now be worth an estimated £468,821. It was last sold for £455,000 in July 2022, which was around 14% above the average July 2022 detached price in the Oadby and Wigston local authority area. The most recent EPC inspection was August 2021, where the current energy rating was C, and the potential energy rating was B.

8 WILLOW HERB CLOSE Sold Prices

Land registry data shows four sales for 8 WILLOW HERB 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 Oadby and Wigston local authority area for the corresponding sale date. All of the four 8 WILLOW HERB 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
2022 1 JUL	£455,000	£399,199	14% above HPI
2009 30 JAN	£240,000	£226,802	6% above HPI
2006 18 AUG	£312,000	£248,124	26% above HPI
2003 12 DEC	£275,995	£214,826	28% above HPI

8 WILLOW HERB 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 four 8 WILLOW HERB CLOSE sales between December 2003 and July 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 January 2009 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the July 2022 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might 8 WILLOW HERB CLOSE be worth now?

8 WILLOW HERB CLOSE might now be worth an estimated £468,821.

This is based on house price inflation of 3%, between July 2022 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 3% inflationary increase is applied to the most recent sale price for 8 WILLOW HERB CLOSE of £455,000 on 1st July 2022. For the value to have increased from £455,000 to £468,821 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of 8 WILLOW HERB CLOSE has moved in line with the HPI for detached houses in the Oadby and Wigston local authority area.
• The July 2022 sale price of £455,000 represented a fair market value for the property.
• The size, condition, and specification of 8 WILLOW HERB CLOSE has not materially changed since July 2022.

How Large is 8 WILLOW HERB CLOSE?

8 WILLOW HERB CLOSE is 109m² according to the EPC inspection conducted in August 2021. This puts it in the smallest 40% 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 WILLOW HERB CLOSE lies on this distribution: 39% of detached houses houses are smaller than 8 WILLOW HERB CLOSE, and 61% of houses are larger. Note that EPC data is not available for all properties in Oadby.

8 WILLOW HERB CLOSE: Plot and Title Map

8 WILLOW HERB CLOSE sits on a plot of roughly 0.081 of an acre, or 329m². The below map shows the location of 8 WILLOW HERB 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 WILLOW HERB 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 WILLOW HERB CLOSE?

8 WILLOW HERB CLOSE is located in OADBY, in the LE2 postcode district. The below map shows the position of No. 8 on WILLOW HERB CLOSE.