59, OCEAN ROAD, LEICESTER, LE5 2ER - £360,000

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.

59 OCEAN ROAD is a large detached house of 149m², built sometime between 1950 and 1966, which could now be worth an estimated £480,921. It was last sold for £360,000 in June 2018, which was around 25% above the average June 2018 detached price in the Leicester local authority area. The most recent EPC inspection was February 2017, where the current energy rating was D, and the potential energy rating was C.

59 OCEAN ROAD Sold Prices

Land registry data shows two sales for 59 OCEAN ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Leicester local authority area for the corresponding sale date. Both of the two 59 OCEAN 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
2018 21 JUN	£360,000	£289,001	25% above HPI
2002 14 JUN	£157,500	£123,558	27% above HPI

59 OCEAN 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 two 59 OCEAN ROAD sales from June 2002 and June 2018 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 2002 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the June 2018 sale, where it falls to 25% above the HPI. The line then continues to track at 25% above the HPI.

What might 59 OCEAN ROAD be worth now?

59 OCEAN ROAD might now be worth an estimated £480,921.

This is based on house price inflation of 33.6%, between June 2018 and February 2025, 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 33.6% inflationary increase is applied to the most recent sale price for 59 OCEAN ROAD of £360,000 on 21st June 2018. For the value to have increased from £360,000 to £480,921 over the seven years and four months to February 2025, the following assumptions must hold true:

• The value of 59 OCEAN ROAD has moved in line with the HPI for detached houses in the Leicester local authority area.
• The June 2018 sale price of £360,000 represented a fair market value for the property.
• The size, condition, and specification of 59 OCEAN ROAD has not materially changed since June 2018.

How Large is 59 OCEAN ROAD?

59 OCEAN ROAD is 149m² according to the EPC inspection conducted in February 2017. This puts it in the largest 30% 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 59 OCEAN ROAD lies on this distribution: 76% of detached houses houses are smaller than 59 OCEAN ROAD, and 23% of houses are larger. Note that EPC data is not available for all properties in Leicester.

59 OCEAN ROAD: Plot and Title Map

59 OCEAN ROAD sits on a plot of roughly 0.335 of an acre, or 1,356m². The below map shows the location of 59 OCEAN 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 59 OCEAN 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 59 OCEAN ROAD?

59 OCEAN ROAD is located in LEICESTER, in the LE5 postcode district. The below map shows the position of No. 59 on OCEAN ROAD.