1, NEEDWOOD WAY, NARBOROUGH, LEICESTER, LE19 3YY - £420,000

1 NEEDWOOD WAY is a large extended detached house of 132m², built sometime between 1996 and 2002. It was last sold for £420,000 in June 2023, which was around 7% above the average June 2023 detached price in the Blaby local authority area. The most recent EPC inspection was August 2022, where the current energy rating was C, and the potential energy rating was B.

1 NEEDWOOD WAY Sold Prices

Land registry data shows four sales for 1 NEEDWOOD WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Blaby local authority area for the corresponding sale date. All of the four 1 NEEDWOOD WAY 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
2023 30 JUN	£420,000	£392,412	7% above HPI
2011 8 JUL	£250,000	£220,090	14% above HPI
2005 14 AUG	£237,000	£212,718	11% above HPI
1999 24 SEP	£119,950	£97,416	23% above HPI

1 NEEDWOOD WAY 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 four 1 NEEDWOOD WAY sales between September 1999 and June 2023 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 July 2011 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the June 2023 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

How Large is 1 NEEDWOOD WAY?

1 NEEDWOOD WAY is 132m², which includes one extension, according to the EPC inspection conducted in August 2022. This puts it in the largest 30% of detached houses in Narborough, based on EPC data. The below chart shows the distribution of detached houses by size in Narborough, and where 1 NEEDWOOD WAY lies on this distribution: 71% of detached houses are smaller than 1 NEEDWOOD WAY, and 27% of houses are larger. Note that EPC data is not available for all properties in Narborough.

1 NEEDWOOD WAY: Plot and Title Map

1 NEEDWOOD WAY sits on a plot of roughly 0.084 of an acre, or 342m². The below map shows the location of 1 NEEDWOOD WAY, 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 1 NEEDWOOD WAY). 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 1 NEEDWOOD WAY?

1 NEEDWOOD WAY is located in NARBOROUGH, in the LE19 postcode district. The below map shows the position of No. 1 on NEEDWOOD WAY.