40, LORRAINE ROAD, LEICESTER, LE2 8ER - £125,000

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.

40 LORRAINE ROAD is a very small detached house of 63m², built sometime between 1900 and 1929, which could now be worth an estimated £124,462. It was last sold for £125,000 in May 2023, which was around 68% below the average May 2023 detached price in the Leicester local authority area. The most recent EPC inspection was November 2022, where the current energy rating was D, and the potential energy rating was B.

40 LORRAINE ROAD Sold Prices

Land registry data shows two sales for 40 LORRAINE ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Leicester local authority area for the corresponding sale date. Both of the two 40 LORRAINE ROAD 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
2023 12 MAY	£125,000	£387,742	68% below HPI
2005 4 APR	£140,000	£194,060	28% below HPI

40 LORRAINE ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Leicester local authority area over time, sourced from the HPI. The two 40 LORRAINE ROAD sales from April 2005 and May 2023 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 April 2005 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the May 2023 sale, where it falls to 68% below the HPI. The line then continues to track at 68% below the HPI.

What might 40 LORRAINE ROAD be worth now?

40 LORRAINE ROAD might now be worth an estimated £124,462.

This is based on house price deflation of 0.4%, between May 2023 and February 2025, for detached 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 0.4% deflationary decrease is applied to the most recent sale price for 40 LORRAINE ROAD of £125,000 on 12th May 2023. For the value to have decreased from £125,000 to £124,462 over the two years and three months to February 2025, the following assumptions must hold true:

• The value of 40 LORRAINE ROAD has moved in line with the HPI for detached houses in the Leicester local authority area.
• The May 2023 sale price of £125,000 represented a fair market value for the property.
• The size, condition, and specification of 40 LORRAINE ROAD has not materially changed since May 2023.

How Large is 40 LORRAINE ROAD?

40 LORRAINE ROAD is 63m² according to the EPC inspection conducted in November 2022. This puts it in the smallest 10% of detached houses houses in Leicester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Leicester, and where 40 LORRAINE ROAD lies on this distribution: 4% of detached houses houses are smaller than 40 LORRAINE ROAD, and 96% of houses are larger. Note that EPC data is not available for all properties in Leicester.

40 LORRAINE ROAD: Plot and Title Map

40 LORRAINE ROAD sits on a plot of roughly 0.083 of an acre, or 334m². The below map shows the location of 40 LORRAINE ROAD, 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 40 LORRAINE ROAD). 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 40 LORRAINE ROAD?

40 LORRAINE ROAD is located in LEICESTER, in the LE2 postcode district. The below map shows the position of No. 40 on LORRAINE ROAD.