THE OAKS, LUTTERWORTH ROAD, ULLESTHORPE, LUTTERWORTH, LE17 5DP - £352,500

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

THE OAKS is a large extended detached house of 140m², built sometime between 1967 and 1975, which could now be worth an estimated £545,798. It was last sold for £352,500 in June 2015, which was around 11% above the average June 2015 detached price in the Harborough local authority area. The most recent EPC inspection was July 2012, where the current energy rating was E, and the potential energy rating was D.

THE OAKS Sold Prices

Land registry data shows four sales for THE OAKS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Harborough local authority area for the corresponding sale date. Most of the four THE OAKS 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
2015 8 JUN	£352,500	£318,300	11% above HPI
2013 11 FEB	£230,000	£264,495	13% below HPI
2011 24 NOV	£286,000	£260,947	10% above HPI
2001 16 MAR	£210,000	£132,568	58% above HPI

THE OAKS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Harborough local authority area over time, sourced from the HPI. The four THE OAKS sales between March 2001 and June 2015 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 February 2013 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the June 2015 sale, where it rises to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might THE OAKS be worth now?

THE OAKS might now be worth an estimated £545,798.

This is based on house price inflation of 54.8%, between June 2015 and December 2024, for detached houses, in the Harborough local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 54.8% inflationary increase is applied to the most recent sale price for THE OAKS of £352,500 on 8th June 2015. For the value to have increased from £352,500 to £545,798 over the eight years and six months to December 2024, the following assumptions must hold true:

• The value of THE OAKS has moved in line with the HPI for detached houses in the Harborough local authority area.
• The June 2015 sale price of £352,500 represented a fair market value for the property.
• The size, condition, and specification of THE OAKS has not materially changed since June 2015.

How Large is THE OAKS?

THE OAKS is 140m², which includes one extension, according to the EPC inspection conducted in July 2012. This puts it in the largest 40% of detached houses houses in Ullesthorpe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ullesthorpe, and where THE OAKS lies on this distribution: 65% of detached houses houses are smaller than THE OAKS, and 34% of houses are larger. Note that EPC data is not available for all properties in Ullesthorpe.

THE OAKS: Plot and Title Map

THE OAKS sits on a plot of roughly 0.168 of an acre, or 680m². The below map shows the location of THE OAKS, 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 THE OAKS). 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 THE OAKS?

THE OAKS is located on LUTTERWORTH ROAD in ULLESTHORPE, in the LE17 postcode district. The below map shows the position of THE OAKS on LUTTERWORTH ROAD.