2, OAKFIELD AVENUE, LUTTERWORTH, LE17 4ST - £245,000

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 OAKFIELD AVENUE is a very small detached house of 75m², built sometime between 1950 and 1966, which could now be worth an estimated £285,286. It was last sold for £245,000 in June 2021, which was around 40% below the average June 2021 detached price in the Harborough local authority area. The most recent EPC inspection was May 2015, where the current energy rating was D, and the potential energy rating was B.

2 OAKFIELD AVENUE Sold Prices

Land registry data shows two sales for 2 OAKFIELD 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 Harborough local authority area for the corresponding sale date. Both of the two 2 OAKFIELD AVENUE sales 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
2021 23 JUN	£245,000	£407,659	40% below HPI
2016 2 SEP	£180,000	£340,466	47% below HPI

2 OAKFIELD AVENUE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Harborough local authority area over time, sourced from the HPI. The two 2 OAKFIELD AVENUE sales from September 2016 and June 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 September 2016 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the June 2021 sale, where it rises to 40% below the HPI. The line then continues to track at 40% below the HPI.

What might 2 OAKFIELD AVENUE be worth now?

2 OAKFIELD AVENUE might now be worth an estimated £285,286.

This is based on house price inflation of 16.4%, between June 2021 and June 2025, for detached houses, in the Harborough local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 16.4% inflationary increase is applied to the most recent sale price for 2 OAKFIELD AVENUE of £245,000 on 23rd June 2021. For the value to have increased from £245,000 to £285,286 over the four years to June 2025, the following assumptions must hold true:

• The value of 2 OAKFIELD AVENUE has moved in line with the HPI for detached houses in the Harborough local authority area.
• The June 2021 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 2 OAKFIELD AVENUE has not materially changed since June 2021.

How Large is 2 OAKFIELD AVENUE?

2 OAKFIELD AVENUE is 75m² according to the EPC inspection conducted in May 2015. This puts it in the smallest 10% of detached houses houses in Lutterworth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lutterworth, and where 2 OAKFIELD AVENUE lies on this distribution: 7% of detached houses houses are smaller than 2 OAKFIELD AVENUE, and 92% of houses are larger. Note that EPC data is not available for all properties in Lutterworth.

2 OAKFIELD AVENUE: Plot and Title Map

2 OAKFIELD AVENUE sits on a plot of roughly 0.064 of an acre, or 260m². The below map shows the location of 2 OAKFIELD 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 2 OAKFIELD 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 2 OAKFIELD AVENUE?

2 OAKFIELD AVENUE is located in LUTTERWORTH, in the LE17 postcode district. The below map shows the position of No. 2 on OAKFIELD AVENUE.