9, THE MORWOODS, OADBY, LEICESTER, LE2 5ED - £295,000

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.

9 THE MORWOODS is a very small semi-detached house of 84m², built sometime between 1967 and 1975, which could now be worth an estimated £291,672. It was last sold for £295,000 in March 2023, which was around 13% above the average March 2023 semi-detached price in the Oadby and Wigston local authority area. The most recent EPC inspection was March 2014, where the current energy rating was C, and the potential energy rating was B.

9 THE MORWOODS Sold Prices

Land registry data shows two sales for 9 THE MORWOODS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Oadby and Wigston local authority area for the corresponding sale date. Both of the two 9 THE MORWOODS 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
2023 27 MAR	£295,000	£261,500	13% above HPI
2014 23 MAY	£169,950	£159,183	7% above HPI

9 THE MORWOODS Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Oadby and Wigston local authority area over time, sourced from the HPI. The two 9 THE MORWOODS sales from May 2014 and March 2023 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 May 2014 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the March 2023 sale, where it rises to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might 9 THE MORWOODS be worth now?

9 THE MORWOODS might now be worth an estimated £291,672.

This is based on house price deflation of 1.1%, between March 2023 and April 2026, for semi-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 1.1% deflationary decrease is applied to the most recent sale price for 9 THE MORWOODS of £295,000 on 27th March 2023. For the value to have decreased from £295,000 to £291,672 over the two years and eleven months to April 2026, the following assumptions must hold true:

• The value of 9 THE MORWOODS has moved in line with the HPI for semi-detached houses in the Oadby and Wigston local authority area.
• The March 2023 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 9 THE MORWOODS has not materially changed since March 2023.

How Large is 9 THE MORWOODS?

9 THE MORWOODS is 84m² according to the EPC inspection conducted in March 2014. This puts it in the smallest 20% of semi-detached houses houses in Oadby, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Oadby, and where 9 THE MORWOODS lies on this distribution: 13% of semi-detached houses houses are smaller than 9 THE MORWOODS, and 86% of houses are larger. Note that EPC data is not available for all properties in Oadby.

9 THE MORWOODS: Plot and Title Map

9 THE MORWOODS sits on a plot of roughly 0.070 of an acre, or 284m². The below map shows the location of 9 THE MORWOODS, 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 9 THE MORWOODS). 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 9 THE MORWOODS?

9 THE MORWOODS is located in OADBY, in the LE2 postcode district. The below map shows the position of No. 9 on THE MORWOODS.