OAK TREES, HOMER DRIVE, NARBOROUGH, LEICESTER, LE19 3EX - £339,950

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.

OAK TREES is a midsized detached house of 118m², built sometime between 2003 and 2006, which could now be worth an estimated £432,107. It was last sold for £339,950 in August 2018, which was around 11% above the average August 2018 detached price in the Blaby local authority area. The most recent EPC inspection was March 2018, where the current energy rating was C, and the potential energy rating was B.

OAK TREES Sold Prices

Land registry data shows two sales for OAK TREES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Blaby local authority area for the corresponding sale date. Both of the two OAK TREES 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 20 AUG	£339,950	£307,022	11% above HPI
2006 5 OCT	£330,000	£221,981	49% above HPI

OAK TREES Price Paid vs. HPI Average

The below graph shows the average detached house price in the Blaby local authority area over time, sourced from the HPI. The two OAK TREES sales from October 2006 and August 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 October 2006 sale was for 49% above the HPI. So the extrapolation line tracks at 49% above the HPI over time, until the August 2018 sale, where it falls to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might OAK TREES be worth now?

OAK TREES might now be worth an estimated £432,107.

This is based on house price inflation of 27.1%, between August 2018 and February 2025, for detached houses, in the Blaby local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 27.1% inflationary increase is applied to the most recent sale price for OAK TREES of £339,950 on 20th August 2018. For the value to have increased from £339,950 to £432,107 over the seven years and six months to February 2025, the following assumptions must hold true:

• The value of OAK TREES has moved in line with the HPI for detached houses in the Blaby local authority area.
• The August 2018 sale price of £339,950 represented a fair market value for the property.
• The size, condition, and specification of OAK TREES has not materially changed since August 2018.

How Large is OAK TREES?

OAK TREES is 118m² according to the EPC inspection conducted in March 2018. This puts it in the largest 40% of detached houses houses in Narborough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Narborough, and where OAK TREES lies on this distribution: 59% of detached houses houses are smaller than OAK TREES, and 40% of houses are larger. Note that EPC data is not available for all properties in Narborough.

OAK TREES: Plot and Title Map

OAK TREES sits on a plot of roughly 0.107 of an acre, or 431m². The below map shows the location of OAK TREES, 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 OAK TREES). 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 OAK TREES?

OAK TREES is located on HOMER DRIVE in NARBOROUGH, in the LE19 postcode district. The below map shows the position of OAK TREES on HOMER DRIVE.