38, GORSE LANE, OADBY, LEICESTER, LE2 4RQ - £325,000

38 GORSE LANE is a very small detached house of 64m², built sometime between 1967 and 1975. It was last sold for £325,000 in March 2021, which was around 10% below the average March 2021 detached price in the Oadby and Wigston local authority area. The most recent EPC inspection was October 2012, where the current energy rating was D, and the potential energy rating was C.

38 GORSE LANE Sold Prices

Land registry data shows two sales for 38 GORSE LANE 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 38 GORSE LANE 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 8 MAR	£325,000	£361,453	10% below HPI
2013 10 JUL	£179,000	£238,053	25% below HPI

38 GORSE LANE 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 38 GORSE LANE sales from July 2013 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 July 2013 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the March 2021 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 38 GORSE LANE?

38 GORSE LANE is 64m² according to the EPC inspection conducted in October 2012. This puts it in the smallest 10% of detached houses in Oadby, based on EPC data. The below chart shows the distribution of detached houses by size in Oadby, and where 38 GORSE LANE lies on this distribution: 2% of detached houses are smaller than 38 GORSE LANE, and 98% of houses are larger. Note that EPC data is not available for all properties in Oadby.

38 GORSE LANE: Plot and Title Map

38 GORSE LANE sits on a plot of roughly 0.113 of an acre, or 458m². The below map shows the location of 38 GORSE LANE, 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 38 GORSE LANE). 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 38 GORSE LANE?

38 GORSE LANE is located in OADBY, in the LE2 postcode district. The below map shows the position of No. 38 on GORSE LANE.