18, RAINE WAY, OADBY, LEICESTER, LE2 4UB - £505,000

18 RAINE WAY is a large extended detached house of 153m², built sometime between 1991 and 1995. It was last sold for £505,000 in March 2021, which was around 40% above the average March 2021 detached price in the Oadby and Wigston local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was C.

18 RAINE WAY Sold Prices

Land registry data shows two sales for 18 RAINE WAY 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 18 RAINE 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
2021 8 MAR	£505,000	£361,453	40% above HPI
1995 21 APR	£133,000	£80,427	65% above HPI

18 RAINE WAY 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 18 RAINE WAY sales from April 1995 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 April 1995 sale was for 65% above the HPI. So the extrapolation line tracks at 65% above the HPI over time, until the March 2021 sale, where it falls to 40% above the HPI. The line then continues to track at 40% above the HPI.

How Large is 18 RAINE WAY?

18 RAINE WAY is 153m², which includes one extension, according to the EPC inspection conducted in July 2020. This puts it in the largest 30% of detached houses in Oadby, based on EPC data. The below chart shows the distribution of detached houses by size in Oadby, and where 18 RAINE WAY lies on this distribution: 76% of detached houses are smaller than 18 RAINE WAY, and 24% of houses are larger. Note that EPC data is not available for all properties in Oadby.

18 RAINE WAY: Plot and Title Map

18 RAINE WAY sits on a plot of roughly 0.141 of an acre, or 571m². The below map shows the location of 18 RAINE 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 18 RAINE 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 18 RAINE WAY?

18 RAINE WAY is located in OADBY, in the LE2 postcode district. The below map shows the position of No. 18 on RAINE WAY.