2, DEVON WAY, LEICESTER, LE5 4TA - £165,000

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.

2 DEVON WAY is a very small terraced house of 70m², built sometime between 1950 and 1966, which could now be worth an estimated £230,239. It was last sold for £165,000 in December 2018, which was around 9% above the average December 2018 terraced price in the Leicester local authority area. The most recent EPC inspection was April 2009, where the current energy rating was E, and the potential energy rating was C.

2 DEVON WAY Sold Prices

Land registry data shows four sales for 2 DEVON WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Leicester local authority area for the corresponding sale date. two of the four 2 DEVON WAY sales were for above the average price, and four were for 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
2018 7 DEC	£165,000	£152,064	9% above HPI
2013 29 NOV	£108,500	£110,280	2% below HPI
2010 24 MAR	£120,000	£103,130	16% above HPI
2009 26 JUN	£94,950	£97,915	3% below HPI

2 DEVON WAY Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Leicester local authority area over time, sourced from the HPI. The four 2 DEVON WAY sales between June 2009 and December 2018 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 2013 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the December 2018 sale, where it rises to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might 2 DEVON WAY be worth now?

2 DEVON WAY might now be worth an estimated £230,239.

This is based on house price inflation of 39.5%, between December 2018 and April 2026, for terraced houses, in the Leicester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 39.5% inflationary increase is applied to the most recent sale price for 2 DEVON WAY of £165,000 on 7th December 2018. For the value to have increased from £165,000 to £230,239 over the eight years and eight months to April 2026, the following assumptions must hold true:

• The value of 2 DEVON WAY has moved in line with the HPI for terraced houses in the Leicester local authority area.
• The December 2018 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 2 DEVON WAY has not materially changed since December 2018.

How Large is 2 DEVON WAY?

2 DEVON WAY is 70m² according to the EPC inspection conducted in April 2009. This puts it in the smallest 10% of terraced houses houses in Leicester, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Leicester, and where 2 DEVON WAY lies on this distribution: 7% of terraced houses houses are smaller than 2 DEVON WAY, and 93% of houses are larger. Note that EPC data is not available for all properties in Leicester.

2 DEVON WAY: Plot and Title Map

2 DEVON WAY sits on a plot of roughly 0.029 of an acre, or 119m². The below map shows the location of 2 DEVON 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 2 DEVON 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 2 DEVON WAY?

2 DEVON WAY is located in LEICESTER, in the LE5 postcode district. The below map shows the position of No. 2 on DEVON WAY.