7, RATCLIFFE ROAD, LEICESTER, LE2 3TE - £611,000

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.

7 RATCLIFFE ROAD is a very large detached house of 162m², built sometime between 1996 and 2002, which could now be worth an estimated £805,877. It was last sold for £611,000 in October 2018, which was around 108% above the average October 2018 detached price in the Leicester local authority area. The most recent EPC inspection was October 2008, where the current energy rating was D, and the potential energy rating was D.

7 RATCLIFFE ROAD Sold Prices

Land registry data shows three sales for 7 RATCLIFFE 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 Leicester local authority area for the corresponding sale date. All of the three 7 RATCLIFFE 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 19 OCT	£611,000	£293,872	108% above HPI
2011 19 AUG	£475,000	£199,483	138% above HPI
1995 26 MAY	£190,000	£66,285	187% above HPI

7 RATCLIFFE 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 three 7 RATCLIFFE ROAD sales between May 1995 and October 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 August 2011 sale was for 138% above the HPI. So the extrapolation line tracks at 138% above the HPI over time, until the October 2018 sale, where it falls to 108% above the HPI. The line then continues to track at 108% above the HPI.

What might 7 RATCLIFFE ROAD be worth now?

7 RATCLIFFE ROAD might now be worth an estimated £805,877.

This is based on house price inflation of 31.9%, between October 2018 and May 2026, 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 31.9% inflationary increase is applied to the most recent sale price for 7 RATCLIFFE ROAD of £611,000 on 19th October 2018. For the value to have increased from £611,000 to £805,877 over the eight years and five months to May 2026, the following assumptions must hold true:

• The value of 7 RATCLIFFE ROAD has moved in line with the HPI for detached houses in the Leicester local authority area.
• The October 2018 sale price of £611,000 represented a fair market value for the property.
• The size, condition, and specification of 7 RATCLIFFE ROAD has not materially changed since October 2018.

How Large is 7 RATCLIFFE ROAD?

7 RATCLIFFE ROAD is 162m² according to the EPC inspection conducted in October 2008. This puts it in the largest 20% 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 7 RATCLIFFE ROAD lies on this distribution: 82% of detached houses houses are smaller than 7 RATCLIFFE ROAD, and 18% of houses are larger. Note that EPC data is not available for all properties in Leicester.

7 RATCLIFFE ROAD: Plot and Title Map

7 RATCLIFFE ROAD sits on a plot of roughly 0.180 of an acre, or 727m². The below map shows the location of 7 RATCLIFFE 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 7 RATCLIFFE 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 7 RATCLIFFE ROAD?

7 RATCLIFFE ROAD is located in LEICESTER, in the LE2 postcode district. The below map shows the position of No. 7 on RATCLIFFE ROAD.