2, ORCHARD CLOSE, OADBY, LEICESTER, LE2 5PL - £345,000

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 ORCHARD CLOSE is a small extended detached house of 97m², built sometime between 1950 and 1966, which could now be worth an estimated £498,512. It was last sold for £345,000 in February 2016, which was around 22% above the average February 2016 detached price in the Oadby and Wigston local authority area. The most recent EPC inspection was July 2013, where the current energy rating was D, and the potential energy rating was C.

2 ORCHARD CLOSE Sold Prices

Land registry data shows two sales for 2 ORCHARD CLOSE 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. One of the two 2 ORCHARD CLOSE sales was for above the average price, whilst the other was 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
2016 11 FEB	£345,000	£281,795	22% above HPI
2014 21 JAN	£243,000	£249,453	3% below HPI

2 ORCHARD CLOSE 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 2 ORCHARD CLOSE sales from January 2014 and February 2016 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 January 2014 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the February 2016 sale, where it rises to 22% above the HPI. The line then continues to track at 22% above the HPI.

What might 2 ORCHARD CLOSE be worth now?

2 ORCHARD CLOSE might now be worth an estimated £498,512.

This is based on house price inflation of 44.5%, between February 2016 and April 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 44.5% inflationary increase is applied to the most recent sale price for 2 ORCHARD CLOSE of £345,000 on 11th February 2016. For the value to have increased from £345,000 to £498,512 over the nine years and ten months to April 2026, the following assumptions must hold true:

• The value of 2 ORCHARD CLOSE has moved in line with the HPI for detached houses in the Oadby and Wigston local authority area.
• The February 2016 sale price of £345,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ORCHARD CLOSE has not materially changed since February 2016.

How Large is 2 ORCHARD CLOSE?

2 ORCHARD CLOSE is 97m², which includes two extensions, according to the EPC inspection conducted in July 2013. This puts it in the smallest 30% 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 2 ORCHARD CLOSE lies on this distribution: 26% of detached houses houses are smaller than 2 ORCHARD CLOSE, and 74% of houses are larger. Note that EPC data is not available for all properties in Oadby.

2 ORCHARD CLOSE: Plot and Title Map

2 ORCHARD CLOSE sits on a plot of roughly 0.183 of an acre, or 740m². The below map shows the location of 2 ORCHARD CLOSE, 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 ORCHARD CLOSE). 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 ORCHARD CLOSE?

2 ORCHARD CLOSE is located in OADBY, in the LE2 postcode district. The below map shows the position of No. 2 on ORCHARD CLOSE.