6, GORSE LANE, OADBY, LEICESTER, LE2 4RQ - £269,000

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.

6 GORSE LANE is a very small terraced house of 82m², built sometime between 1950 and 1966, which could now be worth an estimated £306,565. It was last sold for £269,000 in December 2020, which was around 62% above the average December 2020 terraced price in the Oadby and Wigston local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was C.

6 GORSE LANE Sold Prices

Land registry data shows four sales for 6 GORSE LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Oadby and Wigston local authority area for the corresponding sale date. All of the four 6 GORSE LANE 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 10 DEC	£269,000	£166,276	62% above HPI
2020 28 AUG	£275,000	£161,035	71% above HPI
2015 11 NOV	£205,000	£125,954	63% above HPI
2006 9 OCT	£170,000	£118,364	44% above HPI

6 GORSE LANE 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 four 6 GORSE LANE sales between October 2006 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 August 2020 sale was for 71% above the HPI. So the extrapolation line tracks at 71% above the HPI over time, until the December 2020 sale, where it falls to 62% above the HPI. The line then continues to track at 62% above the HPI.

What might 6 GORSE LANE be worth now?

6 GORSE LANE might now be worth an estimated £306,565.

This is based on house price inflation of 14%, between December 2020 and April 2026, 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 14% inflationary increase is applied to the most recent sale price for 6 GORSE LANE of £269,000 on 10th December 2020. For the value to have increased from £269,000 to £306,565 over the six years and eight months to April 2026, the following assumptions must hold true:

• The value of 6 GORSE LANE has moved in line with the HPI for terraced houses in the Oadby and Wigston local authority area.
• The December 2020 sale price of £269,000 represented a fair market value for the property.
• The size, condition, and specification of 6 GORSE LANE has not materially changed since December 2020.

How Large is 6 GORSE LANE?

6 GORSE LANE is 82m² according to the EPC inspection conducted in June 2015. This puts it in the smallest 20% of terraced houses houses in Oadby, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Oadby, and where 6 GORSE LANE lies on this distribution: 11% of terraced houses houses are smaller than 6 GORSE LANE, and 88% of houses are larger. Note that EPC data is not available for all properties in Oadby.

6 GORSE LANE: Plot and Title Map

6 GORSE LANE sits on a plot of roughly 0.081 of an acre, or 326m². The below map shows the location of 6 GORSE LANE, 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 6 GORSE LANE). 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 6 GORSE LANE?

6 GORSE LANE is located in OADBY, in the LE2 postcode district. The below map shows the position of No. 6 on GORSE LANE.