Red Book reports for staircasing, sales, re-mortgages, and lease work.
Regulated
Homemove's RICS-registered valuers produce Red Book shared-ownership valuations for homes across Oadby, from Stoughton Park on Gartree Road, LE2 2GH, to addresses nearer The Parade. Our reports are accepted by housing associations, fixed fee, and turned round within 5 working days of inspection. Pricing starts at £350 under £300k, £425 from £300k to £500k, £495 from £500k to £750k, and £595 above £750k.
homedata.co.uk records put Oadby's average sold price at £273,000 in February 2026. Detached homes averaged £427,000, while flats and maisonettes sat at £119,000, so the share you own is only part of the story. home.co.uk listings at Stoughton Park and Cottage Farm show why a recent local comparable matters when the housing association asks for an open-market figure.
£273,000
Average sold price
£427,000
Detached average
£273,000
Semi-detached average
£200,000
Terraced average
£119,000
Flats and maisonettes average
+2.1%
12-month price change
180
Residential sales in last 12 months
-55 (-30.56%)
Annual sales change
Using listing data from home.co.uk and property data from homedata.co.uk
A shared-ownership lease can trigger a valuation at several different points. Staircasing, final staircasing, assignment when you sell your share, re-mortgaging, and lease extension all call for a Red Book valuation because the housing association wants a current open-market figure for the property in Oadby, not a price pulled from an old sale around The Parade. Red Book means the RICS Valuation Global Standards framework.
Staircasing is the most common reason. If you own 40% of a flat in LE2 and want to buy another 10%, the new share is priced from the valuer's current figure, and that figure can change after a period of falling or rising activity around Stoughton Park, Cottage Farm, or the older stock nearer the town centre. Final staircasing closes the rent bill on the unsold share and leaves you with full ownership.
Selling your share works differently. In most assignment cases the housing association gets a nomination period of 4 to 8 weeks to find a buyer before you can market openly, so the Red Book valuation has to be fresh and defensible. Lease extension and re-mortgaging also need the same discipline, because lenders and landlords will not work from guesswork.
Housing associations usually want a live Red Book report from a RICS-registered valuer.
The figure is straightforward. A valuer gives the open-market value for the whole home, then your additional share is priced from that number. At £273,000, 10% is £27,300 and 25% is £68,250 before solicitor fees and any rent adjustment.
A flat in Oadby valued at £119,000 works very differently from a house at Stoughton Park on Gartree Road, LE2 2GH. In that case, 10% is £11,900, which is why the housing association wants a Red Book report rather than a rough estimate from a sales advert. Final staircasing to 100% ends rent on the unsold share.
Tell us the property address, share percentage, and whether the home is in Oadby, Stoughton Park, Cottage Farm, or another LE2 address. We confirm the fee band and book the inspection.
You, your tenant, or your agent arranges access. A home near Windrush Drive or The Parade is treated the same as a flat in a newer block off Gartree Road, we just need the keys.
Our valuer checks size, layout, condition, and any changes that affect value, then compares the home with sales in Oadby, Wigston, and nearby LE2 streets.
We issue the report within 5 working days of the inspection. The document states the open market value, the date of inspection, and the evidence used to support it.
Send the report with your staircase, sale, or re-mortgage pack. If the valuer was instructed too early, the 3-month validity window may close before the housing association reviews it.
A shared-ownership valuation is valid for 3 months from the inspection date, and Oadby housing association teams are usually strict about that. If your application in LE2 or your sale on Gartree Road will not go in straight away, time the instruction so the report is still live when the paperwork lands.
Oadby's shared-ownership stock is usually a mix of low-rise blocks, terraces, and newer estates. home.co.uk listings at Stoughton Park on LE2 2GH show 2 to 5-bedroom homes by Bellway Homes, while Bloor Homes' Cottage Farm and the proposed Oadby Grange off Windrush Drive show the town still has a spread of sizes. Stoughton Park sits less than five miles from Leicester city centre and a little over three miles from the University of Leicester, which is why comparables can drift across LE2.
The scheme tends to make most sense at the lower end of the value range. homedata.co.uk places flats and maisonettes at £119,000, terraced homes at £200,000, and the overall average at £273,000, so a flat near The Parade can sit in a very different bracket from a detached home at £427,000. That matters when you are staircasing on a compact property near Leicester Racecourse or selling a share in an older block.
Ground conditions matter as well. The Oadby Member Glacial Till has medium to high plasticity, so shrink-swell risk can show up as cracks, heave, or movement when the soil dries or gets wet, and intense rain on 22 June 2023 caused internal flooding in 24 residential properties and one business property across five locations over Wash Brook and local drainage routes. As of 16 May 2026 there were no flood warnings or alerts in Oadby, but a valuer, buyer, or lender may still look closely at drainage and condition in LE2.
A Red Book valuation is not a guess, and it is not the asking price on a brochure. The valuer starts with the open-market value, then checks comparable sales in Oadby, LE2, and nearby Wigston, so a figure may sit closer to a recent sale on Gartree Road than to a new listing at Stoughton Park. That is the number your housing association uses.
Can you challenge it? Usually not in the sense of haggling over the number. You can ask for a re-inspection if the condition has changed, for example after repair work, a flood issue, or damage that was missed during the first visit. If the 3-month window has closed, the report is stale and a new inspection is usually needed.
Our Red Book valuation is valid for 3 months from the inspection date. In Oadby that matters because a report for a flat off The Parade can age out before a housing association finishes the paperwork, especially if your solicitor is also waiting on mortgage instructions. Book it to match the date you expect to submit.
Staircasing, final staircasing, assignment when you sell your share, re-mortgaging, and lease extension all trigger one. If you are moving a home on Gartree Road, LE2 2GH, or selling a flat nearer Leicester Racecourse, the landlord will usually ask for a current Red Book figure before it will progress. It is part of the admin that comes with the tenure.
Usually the leaseholder pays. That applies whether the home is a Bellway property at Stoughton Park, a Bloor home at Cottage Farm, or an older shared-ownership flat in central Oadby, because the report sits with your application rather than the landlord's. The housing association normally does not cover the fee.
We turn the report around within 5 working days of inspection. The appointment itself is normally the quickest part, and once the valuer has seen the home in LE2, the Red Book report follows in time for your staircase or sale pack. If access is delayed, the timetable moves with it.
You can ask for clarification if the numbers look out of step with a recent sale on Windrush Drive or a similar home near The Parade. You usually cannot haggle the figure, though a re-inspection may be possible if a material change happened after the first visit, such as repair work or new damage. The housing association will still want evidence, not opinion.
They may reject a valuer who is not RICS-registered, or a report that is not in Red Book format, or one that has gone stale beyond the 3-month window. If that happens on a sale in Oadby Grange or a staircasing file in Stoughton Park, we can reissue by sending a new RICS inspection. That is usually the quickest fix.
On a New Model shared ownership home, yes, usually 1% per year. Older schemes in Oadby and Wigston usually still ask for 10% minimums, so a lease on a flat near Leicester city centre may follow a very different rule from a newer home on Gartree Road. The lease wording decides which model applies.
Final staircasing means you buy the last share and own 100% outright. After that, rent on the unsold share stops, which is why owners of a house near LE18 or a flat in Oadby often line up the valuation, solicitor, and mortgage steps together. It is the last stage of the shared-ownership journey.
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For staircasing, final staircasing, and the purchase paperwork that follows a shared-ownership valuation in Oadby.
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For assignment sales when you are selling your shared-ownership share and the nomination period has started.
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For re-mortgaging a shared-ownership home in LE2, including lender checks and affordability review.
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For a second opinion on condition if your shared-ownership home in Oadby needs a closer look after the valuation.
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For moving out of a shared-ownership flat or house in Oadby once your sale or final staircasing is approved.
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Red Book reports for staircasing, sales, re-mortgages, and lease work.
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Homemove is a trading name of HM Haus Group Ltd (Company No. 13873779, registered in England & Wales). Homemove Mortgages Ltd (Company No. 15947693) is an Appointed Representative of TMG Direct Limited, trading as TMG Mortgage Network, which is authorised and regulated by the Financial Conduct Authority (FRN 786245). Homemove Mortgages Ltd is entered on the FCA Register as an Appointed Representative (FRN 1022429). You can check registrations at NewRegister or by calling 0800 111 6768.
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