2, RAINE WAY, OADBY, LEICESTER, LE2 4UB - £470,000

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 RAINE WAY is a very large extended detached house of 185m², built sometime between 1991 and 1995, which could now be worth an estimated £609,078. It was last sold for £470,000 in August 2017, which was around 50% above the average August 2017 detached price in the Oadby and Wigston local authority area. The most recent EPC inspection was May 2017, where the current energy rating was C, and the potential energy rating was B.

2 RAINE WAY Sold Prices

Land registry data shows three sales for 2 RAINE WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Oadby and Wigston local authority area for the corresponding sale date. All of the three 2 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
2017 24 AUG	£470,000	£314,206	50% above HPI
2000 3 MAR	£173,500	£116,040	50% above HPI
1997 24 JUL	£139,950	£93,441	50% above HPI

2 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 three 2 RAINE WAY sales between July 1997 and August 2017 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 March 2000 sale was for 50% above the HPI. So the extrapolation line tracks at 50% above the HPI over time, until the August 2017 sale, which was also at 50% above the HPI.

What might 2 RAINE WAY be worth now?

2 RAINE WAY might now be worth an estimated £609,078.

This is based on house price inflation of 29.6%, between August 2017 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 29.6% inflationary increase is applied to the most recent sale price for 2 RAINE WAY of £470,000 on 24th August 2017. For the value to have increased from £470,000 to £609,078 over the nine years and four months to April 2026, the following assumptions must hold true:

• The value of 2 RAINE WAY has moved in line with the HPI for detached houses in the Oadby and Wigston local authority area.
• The August 2017 sale price of £470,000 represented a fair market value for the property.
• The size, condition, and specification of 2 RAINE WAY has not materially changed since August 2017.

How Large is 2 RAINE WAY?

2 RAINE WAY is 185m², which includes one extension, according to the EPC inspection conducted in May 2017. This puts it in the largest 20% 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 RAINE WAY lies on this distribution: 86% of detached houses houses are smaller than 2 RAINE WAY, and 14% of houses are larger. Note that EPC data is not available for all properties in Oadby.

2 RAINE WAY: Plot and Title Map

2 RAINE WAY sits on a plot of roughly 0.111 of an acre, or 448m². The below map shows the location of 2 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 2 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 2 RAINE WAY?

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