16, RICHMOND WAY, OADBY, LEICESTER, LE2 5TR - £260,000

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.

16 RICHMOND WAY is a very small semi-detached house of 84m², built sometime between 1967 and 1975, which could now be worth an estimated £313,921. It was last sold for £260,000 in July 2019, which was around 20% above the average July 2019 semi-detached price in the Oadby and Wigston local authority area. The most recent EPC inspection was June 2021, where the current energy rating was C, and the potential energy rating was B.

16 RICHMOND WAY Sold Prices

Land registry data shows two sales for 16 RICHMOND WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Oadby and Wigston local authority area for the corresponding sale date. Both of the two 16 RICHMOND 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
2019 3 JUL	£260,000	£216,271	20% above HPI
2001 7 DEC	£100,000	£85,313	17% above HPI

16 RICHMOND WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Oadby and Wigston local authority area over time, sourced from the HPI. The two 16 RICHMOND WAY sales from December 2001 and July 2019 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 December 2001 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the July 2019 sale, where it rises to 20% above the HPI. The line then continues to track at 20% above the HPI.

What might 16 RICHMOND WAY be worth now?

16 RICHMOND WAY might now be worth an estimated £313,921.

This is based on house price inflation of 20.7%, between July 2019 and February 2025, for semi-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 20.7% inflationary increase is applied to the most recent sale price for 16 RICHMOND WAY of £260,000 on 3rd July 2019. For the value to have increased from £260,000 to £313,921 over the six years and five months to February 2025, the following assumptions must hold true:

• The value of 16 RICHMOND WAY has moved in line with the HPI for semi-detached houses in the Oadby and Wigston local authority area.
• The July 2019 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 16 RICHMOND WAY has not materially changed since July 2019.

How Large is 16 RICHMOND WAY?

16 RICHMOND WAY is 84m² according to the EPC inspection conducted in June 2021. This puts it in the smallest 20% of semi-detached houses houses in Oadby, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Oadby, and where 16 RICHMOND WAY lies on this distribution: 13% of semi-detached houses houses are smaller than 16 RICHMOND WAY, and 86% of houses are larger. Note that EPC data is not available for all properties in Oadby.

16 RICHMOND WAY: Plot and Title Map

16 RICHMOND WAY sits on a plot of roughly 0.061 of an acre, or 246m². The below map shows the location of 16 RICHMOND 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 16 RICHMOND 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 16 RICHMOND WAY?

16 RICHMOND WAY is located in OADBY, in the LE2 postcode district. The below map shows the position of No. 16 on RICHMOND WAY.