42, NEW STREET, OADBY, LEICESTER, LE2 5EB - £230,000

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.

42 NEW STREET is a very small terraced house of 56m², built sometime between 1900 and 1929, which could now be worth an estimated £236,583. It was last sold for £230,000 in October 2023, which was around 24% above the average October 2023 terraced price in the Oadby and Wigston local authority area. The most recent EPC inspection was February 2023, where the current energy rating was D, and the potential energy rating was B.

42 NEW STREET Sold Prices

Land registry data shows two sales for 42 NEW STREET since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Oadby and Wigston local authority area for the corresponding sale date. One of the two 42 NEW STREET 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
2023 2 OCT	£230,000	£186,190	24% above HPI
2022 17 JUN	£168,000	£184,712	9% below HPI

42 NEW STREET Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Oadby and Wigston local authority area over time, sourced from the HPI. The two 42 NEW STREET sales from June 2022 and October 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 June 2022 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the October 2023 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might 42 NEW STREET be worth now?

42 NEW STREET might now be worth an estimated £236,583.

This is based on house price inflation of 2.9%, between October 2023 and May 2026, for terraced 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 2.9% inflationary increase is applied to the most recent sale price for 42 NEW STREET of £230,000 on 2nd October 2023. For the value to have increased from £230,000 to £236,583 over the three years and five months to May 2026, the following assumptions must hold true:

• The value of 42 NEW STREET has moved in line with the HPI for terraced houses in the Oadby and Wigston local authority area.
• The October 2023 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 42 NEW STREET has not materially changed since October 2023.

How Large is 42 NEW STREET?

42 NEW STREET is 56m² according to the EPC inspection conducted in February 2023. This puts it in the smallest 10% of terraced houses houses in Oadby, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Oadby, and where 42 NEW STREET lies on this distribution: 1% of terraced houses houses are smaller than 42 NEW STREET, and 99% of houses are larger. Note that EPC data is not available for all properties in Oadby.

42 NEW STREET: Plot and Title Map

42 NEW STREET sits on a plot of roughly 0.032 of an acre, or 129m². The below map shows the location of 42 NEW STREET, 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 42 NEW STREET). 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 42 NEW STREET?

42 NEW STREET is located in OADBY, in the LE2 postcode district. The below map shows the position of No. 42 on NEW STREET.