56, RINGERS SPINNEY, OADBY, LEICESTER, LE2 2HA - £485,000

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.

56 RINGERS SPINNEY is a very large extended detached house of 174m², built sometime between 1950 and 1966, which could now be worth an estimated £537,258. It was last sold for £485,000 in December 2020, which was around 31% above the average December 2020 detached price in the Oadby and Wigston local authority area. The most recent EPC inspection was January 2016, where the current energy rating was D, and the potential energy rating was B.

56 RINGERS SPINNEY Sold Prices

Land registry data shows three sales for 56 RINGERS SPINNEY 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. All of the three 56 RINGERS SPINNEY 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 DEC	£485,000	£371,316	31% above HPI
2008 22 FEB	£320,000	£252,412	27% above HPI
1995 3 FEB	£109,950	£81,633	35% above HPI

56 RINGERS SPINNEY 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 56 RINGERS SPINNEY sales between February 1995 and December 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 February 2008 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the December 2020 sale, where it rises to 31% above the HPI. The line then continues to track at 31% above the HPI.

What might 56 RINGERS SPINNEY be worth now?

56 RINGERS SPINNEY might now be worth an estimated £537,258.

This is based on house price inflation of 10.8%, between December 2020 and February 2025, for detached 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 10.8% inflationary increase is applied to the most recent sale price for 56 RINGERS SPINNEY of £485,000 on 11th December 2020. For the value to have increased from £485,000 to £537,258 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of 56 RINGERS SPINNEY has moved in line with the HPI for detached houses in the Oadby and Wigston local authority area.
• The December 2020 sale price of £485,000 represented a fair market value for the property.
• The size, condition, and specification of 56 RINGERS SPINNEY has not materially changed since December 2020.

How Large is 56 RINGERS SPINNEY?

56 RINGERS SPINNEY is 174m², which includes two extensions, according to the EPC inspection conducted in January 2016. This puts it in the largest 20% of detached houses houses in Oadby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Oadby, and where 56 RINGERS SPINNEY lies on this distribution: 83% of detached houses houses are smaller than 56 RINGERS SPINNEY, and 17% of houses are larger. Note that EPC data is not available for all properties in Oadby.

56 RINGERS SPINNEY: Plot and Title Map

56 RINGERS SPINNEY sits on a plot of roughly 0.183 of an acre, or 742m². The below map shows the location of 56 RINGERS SPINNEY, 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 56 RINGERS SPINNEY). 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 56 RINGERS SPINNEY?

56 RINGERS SPINNEY is located in OADBY, in the LE2 postcode district. The below map shows the position of No. 56 on RINGERS SPINNEY.