48, HERRICK WAY, WIGSTON, LE18 3LR - £138,000

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.

48 HERRICK WAY is a very small terraced house of 53m², built sometime between 1983 and 1990, which could now be worth an estimated £188,479. It was last sold for £138,000 in May 2017, which was about the average May 2017 terraced price in the Oadby and Wigston local authority area. The most recent EPC inspection was November 2016, where the current energy rating was D, and the potential energy rating was B.

48 HERRICK WAY Sold Prices

Land registry data shows three sales for 48 HERRICK WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Oadby and Wigston local authority area for the corresponding sale date. The three 48 HERRICK WAY sales were a mix of roughly equal to the average price, and 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 4 MAY	£138,000	£137,377	Close to HPI
2006 5 MAY	£118,000	£112,220	5% above HPI
1995 31 MAR	£38,500	£35,949	7% above HPI

48 HERRICK WAY 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 three 48 HERRICK WAY sales between March 1995 and May 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 May 2006 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the May 2017 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 48 HERRICK WAY be worth now?

48 HERRICK WAY might now be worth an estimated £188,479.

This is based on house price inflation of 36.6%, between May 2017 and June 2025, 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 36.6% inflationary increase is applied to the most recent sale price for 48 HERRICK WAY of £138,000 on 4th May 2017. For the value to have increased from £138,000 to £188,479 over the seven years and eleven months to June 2025, the following assumptions must hold true:

• The value of 48 HERRICK WAY has moved in line with the HPI for terraced houses in the Oadby and Wigston local authority area.
• The May 2017 sale price of £138,000 represented a fair market value for the property.
• The size, condition, and specification of 48 HERRICK WAY has not materially changed since May 2017.

How Large is 48 HERRICK WAY?

48 HERRICK WAY is 53m² according to the EPC inspection conducted in November 2016. This puts it in the smallest 10% of terraced houses houses in Wigston, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Wigston, and where 48 HERRICK WAY lies on this distribution: 1% of terraced houses houses are smaller than 48 HERRICK WAY, and 99% of houses are larger. Note that EPC data is not available for all properties in Wigston.

48 HERRICK WAY: Plot and Title Map

48 HERRICK WAY sits on a plot of roughly 0.043 of an acre, or 173m². The below map shows the location of 48 HERRICK 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 48 HERRICK 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 48 HERRICK WAY?

48 HERRICK WAY is located in WIGSTON, in the LE18 postcode district. The below map shows the position of No. 48 on HERRICK WAY.