12A, RIBBLE AVENUE, OADBY, LEICESTER, LE2 4NZ - £340,000

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.

12A RIBBLE AVENUE is a very large extended detached house of 164m², built sometime between 1967 and 1975, which could now be worth an estimated £506,070. It was last sold for £340,000 in October 2015, which was around 22% above the average October 2015 detached price in the Oadby and Wigston local authority area. The most recent EPC inspection was January 2012, where the current energy rating was D, and the potential energy rating was C.

12A RIBBLE AVENUE Sold Prices

Land registry data shows two sales for 12A RIBBLE AVENUE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Oadby and Wigston local authority area for the corresponding sale date. Both of the two 12A RIBBLE AVENUE 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 19 OCT	£340,000	£277,974	22% above HPI
2001 28 SEP	£175,000	£144,492	21% above HPI

12A RIBBLE AVENUE 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 two 12A RIBBLE AVENUE sales from September 2001 and October 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 September 2001 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the October 2015 sale, where it rises to 22% above the HPI. The line then continues to track at 22% above the HPI.

What might 12A RIBBLE AVENUE be worth now?

12A RIBBLE AVENUE might now be worth an estimated £506,070.

This is based on house price inflation of 48.8%, between October 2015 and May 2026, 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 48.8% inflationary increase is applied to the most recent sale price for 12A RIBBLE AVENUE of £340,000 on 19th October 2015. For the value to have increased from £340,000 to £506,070 over the eleven years and five months to May 2026, the following assumptions must hold true:

• The value of 12A RIBBLE AVENUE has moved in line with the HPI for detached houses in the Oadby and Wigston local authority area.
• The October 2015 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 12A RIBBLE AVENUE has not materially changed since October 2015.

How Large is 12A RIBBLE AVENUE?

12A RIBBLE AVENUE is 164m², which includes two extensions, according to the EPC inspection conducted in January 2012. This puts it in the largest 20% 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 12A RIBBLE AVENUE lies on this distribution: 80% of detached houses houses are smaller than 12A RIBBLE AVENUE, and 19% of houses are larger. Note that EPC data is not available for all properties in Oadby.

12A RIBBLE AVENUE: Plot and Title Map

12A RIBBLE AVENUE sits on a plot of roughly 0.101 of an acre, or 410m². The below map shows the location of 12A RIBBLE AVENUE, 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 12A RIBBLE AVENUE). 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 12A RIBBLE AVENUE?

12A RIBBLE AVENUE is located in OADBY, in the LE2 postcode district. The below map shows the position of No. 12A on RIBBLE AVENUE.