11, HORNBEAM CLOSE, OADBY, LEICESTER, LE2 4EQ - £371,000

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.

11 HORNBEAM CLOSE is a small extended detached house of 102m², built sometime between 1996 and 2002, which could now be worth an estimated £432,360. It was last sold for £371,000 in March 2021, which was around 1% above the average March 2021 detached price in the Oadby and Wigston local authority area. The most recent EPC inspection was July 2015, where the current energy rating was D, and the potential energy rating was B.

11 HORNBEAM CLOSE Sold Prices

Land registry data shows three sales for 11 HORNBEAM CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Oadby and Wigston local authority area for the corresponding sale date. The three 11 HORNBEAM CLOSE sales were a mix of above the average price, roughly equal to the average price, and 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
2021 29 MAR	£371,000	£365,708	1% above HPI
2003 24 NOV	£196,250	£216,298	9% below HPI
1999 26 NOV	£110,000	£109,899	Close to HPI

11 HORNBEAM 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 three 11 HORNBEAM CLOSE sales between November 1999 and March 2021 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 November 2003 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the March 2021 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 11 HORNBEAM CLOSE be worth now?

11 HORNBEAM CLOSE might now be worth an estimated £432,360.

This is based on house price inflation of 16.5%, between March 2021 and March 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 16.5% inflationary increase is applied to the most recent sale price for 11 HORNBEAM CLOSE of £371,000 on 29th March 2021. For the value to have increased from £371,000 to £432,360 over the four years to March 2025, the following assumptions must hold true:

• The value of 11 HORNBEAM CLOSE has moved in line with the HPI for detached houses in the Oadby and Wigston local authority area.
• The March 2021 sale price of £371,000 represented a fair market value for the property.
• The size, condition, and specification of 11 HORNBEAM CLOSE has not materially changed since March 2021.

How Large is 11 HORNBEAM CLOSE?

11 HORNBEAM CLOSE is 102m², which includes two extensions, according to the EPC inspection conducted in July 2015. 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 11 HORNBEAM CLOSE lies on this distribution: 31% of detached houses houses are smaller than 11 HORNBEAM CLOSE, and 68% of houses are larger. Note that EPC data is not available for all properties in Oadby.

11 HORNBEAM CLOSE: Plot and Title Map

11 HORNBEAM CLOSE sits on a plot of roughly 0.058 of an acre, or 236m². The below map shows the location of 11 HORNBEAM 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 11 HORNBEAM 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 11 HORNBEAM CLOSE?

11 HORNBEAM CLOSE is located in OADBY, in the LE2 postcode district. The below map shows the position of No. 11 on HORNBEAM CLOSE.