43, RING ROAD, LEICESTER, LE2 3RS - £449,950

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.

43 RING ROAD is a very large detached house of 159m², built sometime between 1930 and 1949, which could now be worth an estimated £555,640. It was last sold for £449,950 in May 2020, which was around 43% above the average May 2020 detached price in the Leicester local authority area. The most recent EPC inspection was April 2012, where the current energy rating was E, and the potential energy rating was C.

43 RING ROAD Sold Prices

Land registry data shows three sales for 43 RING ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Leicester local authority area for the corresponding sale date. All of the three 43 RING ROAD 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
2020 11 MAY	£449,950	£313,875	43% above HPI
2004 13 AUG	£290,000	£192,636	51% above HPI
2002 28 NOV	£235,000	£141,707	66% above HPI

43 RING 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 three 43 RING ROAD sales between November 2002 and May 2020 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 August 2004 sale was for 51% above the HPI. So the extrapolation line tracks at 51% above the HPI over time, until the May 2020 sale, where it falls to 43% above the HPI. The line then continues to track at 43% above the HPI.

What might 43 RING ROAD be worth now?

43 RING ROAD might now be worth an estimated £555,640.

This is based on house price inflation of 23.5%, between May 2020 and May 2026, 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 23.5% inflationary increase is applied to the most recent sale price for 43 RING ROAD of £449,950 on 11th May 2020. For the value to have increased from £449,950 to £555,640 over the six years to May 2026, the following assumptions must hold true:

• The value of 43 RING ROAD has moved in line with the HPI for detached houses in the Leicester local authority area.
• The May 2020 sale price of £449,950 represented a fair market value for the property.
• The size, condition, and specification of 43 RING ROAD has not materially changed since May 2020.

How Large is 43 RING ROAD?

43 RING ROAD is 159m² according to the EPC inspection conducted in April 2012. This puts it in the largest 20% 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 43 RING ROAD lies on this distribution: 81% of detached houses houses are smaller than 43 RING ROAD, and 19% of houses are larger. Note that EPC data is not available for all properties in Leicester.

43 RING ROAD: Plot and Title Map

43 RING ROAD sits on a plot of roughly 0.107 of an acre, or 431m². The below map shows the location of 43 RING 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 43 RING 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 43 RING ROAD?

43 RING ROAD is located in LEICESTER, in the LE2 postcode district. The below map shows the position of No. 43 on RING ROAD.