48, LAUNDE ROAD, OADBY, LEICESTER, LE2 4HG - £375,000

48 LAUNDE ROAD is a very small extended detached house of 64m², built sometime between 1967 and 1975. It was last sold for £375,000 in January 2024, which was around 9% below the average January 2024 detached price in the Oadby and Wigston local authority area. The most recent EPC inspection was October 2022, where the current energy rating was D, and the potential energy rating was B.

48 LAUNDE ROAD Sold Prices

Land registry data shows three sales for 48 LAUNDE 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 Oadby and Wigston local authority area for the corresponding sale date. Two of the three 48 LAUNDE ROAD sales were for below the average price, whilst one was 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
2024 25 JAN	£375,000	£410,304	9% below HPI
2007 12 FEB	£249,000	£247,628	1% above HPI
1996 28 AUG	£80,000	£83,529	4% below HPI

48 LAUNDE ROAD 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 three 48 LAUNDE ROAD sales between August 1996 and January 2024 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 February 2007 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the January 2024 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 48 LAUNDE ROAD?

48 LAUNDE ROAD is 64m², which includes one extension, according to the EPC inspection conducted in October 2022. 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 48 LAUNDE ROAD lies on this distribution: 2% of detached houses are smaller than 48 LAUNDE ROAD, and 98% of houses are larger. Note that EPC data is not available for all properties in Oadby.

48 LAUNDE ROAD: Plot and Title Map

48 LAUNDE ROAD sits on a plot of roughly 0.162 of an acre, or 656m². The below map shows the location of 48 LAUNDE 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 48 LAUNDE 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 48 LAUNDE ROAD?

48 LAUNDE ROAD is located in OADBY, in the LE2 postcode district. The below map shows the position of No. 48 on LAUNDE ROAD.