STONE LODGE, MERE LANE, OADBY, LEICESTER, LE2 4SA - £884,827

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.

STONE LODGE is a very large detached house of 287m², built sometime between 1930 and 1949, which could now be worth an estimated £970,296. It was last sold for £884,827 in December 2020, which was around 138% above the average December 2020 detached price in the Oadby and Wigston local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was C.

STONE LODGE Sold Prices

Land registry data shows two sales for STONE LODGE 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 STONE LODGE 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 16 DEC	£884,827	£371,316	138% above HPI
2015 25 SEP	£420,000	£271,981	54% above HPI

STONE LODGE 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 STONE LODGE sales from September 2015 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 September 2015 sale was for 54% above the HPI. So the extrapolation line tracks at 54% above the HPI over time, until the December 2020 sale, where it rises to 138% above the HPI. The line then continues to track at 138% above the HPI.

What might STONE LODGE be worth now?

STONE LODGE might now be worth an estimated £970,296.

This is based on house price inflation of 9.7%, between December 2020 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 9.7% inflationary increase is applied to the most recent sale price for STONE LODGE of £884,827 on 16th December 2020. For the value to have increased from £884,827 to £970,296 over the six years and eight months to April 2026, the following assumptions must hold true:

• The value of STONE LODGE has moved in line with the HPI for detached houses in the Oadby and Wigston local authority area.
• The December 2020 sale price of £884,827 represented a fair market value for the property.
• The size, condition, and specification of STONE LODGE has not materially changed since December 2020.

How Large is STONE LODGE?

STONE LODGE is 287m² according to the EPC inspection conducted in September 2020. This puts it in the largest 10% 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 STONE LODGE lies on this distribution: 95% of detached houses houses are smaller than STONE LODGE, and 5% of houses are larger. Note that EPC data is not available for all properties in Oadby.

STONE LODGE: Plot and Title Map

STONE LODGE sits on a plot of roughly 0.242 of an acre, or 981m². The below map shows the location of STONE LODGE, 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 STONE LODGE). 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 STONE LODGE?

STONE LODGE is located on MERE LANE in OADBY, in the LE2 postcode district. The below map shows the position of STONE LODGE on MERE LANE.