7, RAINE WAY, OADBY, LEICESTER, LE2 4UB - £249,950

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.

7 RAINE WAY is a small detached house of 109m², built sometime between 1991 and 1995, which could now be worth an estimated £417,367. It was last sold for £249,950 in May 2012, which was around 3% above the average May 2012 detached price in the Oadby and Wigston local authority area. The most recent EPC inspection was December 2011, where the current energy rating was D, and the potential energy rating was D.

7 RAINE WAY Sold Prices

Land registry data shows two sales for 7 RAINE WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Oadby and Wigston local authority area for the corresponding sale date. Both of the two 7 RAINE WAY 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
2012 10 MAY	£249,950	£243,851	3% above HPI
1999 20 AUG	£125,000	£106,589	17% above HPI

7 RAINE WAY 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 two 7 RAINE WAY sales from August 1999 and May 2012 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 1999 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the May 2012 sale, where it falls to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might 7 RAINE WAY be worth now?

7 RAINE WAY might now be worth an estimated £417,367.

This is based on house price inflation of 67%, between May 2012 and April 2026, 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 67% inflationary increase is applied to the most recent sale price for 7 RAINE WAY of £249,950 on 10th May 2012. For the value to have increased from £249,950 to £417,367 over the fourteen years and one month to April 2026, the following assumptions must hold true:

• The value of 7 RAINE WAY has moved in line with the HPI for detached houses in the Oadby and Wigston local authority area.
• The May 2012 sale price of £249,950 represented a fair market value for the property.
• The size, condition, and specification of 7 RAINE WAY has not materially changed since May 2012.

How Large is 7 RAINE WAY?

7 RAINE WAY is 109m² according to the EPC inspection conducted in December 2011. This puts it in the smallest 40% 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 7 RAINE WAY lies on this distribution: 38% of detached houses houses are smaller than 7 RAINE WAY, and 62% of houses are larger. Note that EPC data is not available for all properties in Oadby.

7 RAINE WAY: Plot and Title Map

7 RAINE WAY sits on a plot of roughly 0.065 of an acre, or 263m². The below map shows the location of 7 RAINE 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 7 RAINE 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 7 RAINE WAY?

7 RAINE WAY is located in OADBY, in the LE2 postcode district. The below map shows the position of No. 7 on RAINE WAY.