88, THE RINGWAY, QUENIBOROUGH, LEICESTER, LE7 3DL - £285,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

88 THE RINGWAY is a very small extended detached house of 72m², built sometime between 1950 and 1966. It was last sold for £285,000 in October 2019, which was around 16% below the average October 2019 detached price in the Charnwood local authority area. The most recent EPC inspection was May 2019, where the current energy rating was E, and the potential energy rating was D.

88 THE RINGWAY Sold Prices

Land registry data shows four sales for 88 THE RINGWAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Charnwood local authority area for the corresponding sale date. All of the four 88 THE RINGWAY 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
2019 4 OCT	£285,000	£339,915	16% below HPI
2004 14 MAY	£179,000	£215,130	17% below HPI
2000 24 AUG	£79,000	£117,907	33% below HPI
1995 18 SEP	£60,000	£82,000	27% below HPI

88 THE RINGWAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Charnwood local authority area over time, sourced from the HPI. The four 88 THE RINGWAY sales between September 1995 and October 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 May 2004 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the October 2019 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 88 THE RINGWAY?

88 THE RINGWAY is 72m², which includes one extension, according to the EPC inspection conducted in May 2019. This puts it in the smallest 10% of detached houses in Queniborough, based on EPC data. The below chart shows the distribution of detached houses by size in Queniborough, and where 88 THE RINGWAY lies on this distribution: 9% of detached houses are smaller than 88 THE RINGWAY, and 90% of houses are larger. Note that EPC data is not available for all properties in Queniborough.

88 THE RINGWAY: Plot and Title Map

88 THE RINGWAY sits on a plot of roughly 0.111 of an acre, or 448m². The below map shows the location of 88 THE RINGWAY, 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 88 THE RINGWAY). 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 88 THE RINGWAY?

88 THE RINGWAY is located in QUENIBOROUGH, in the LE7 postcode district. The below map shows the position of No. 88 on THE RINGWAY.