1, CUTTING LANE, SOUTH LUFFENHAM, OAKHAM, LE15 8NJ - £375,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 CUTTING LANE is a small extended semi-detached house of 132m², built sometime between 1900 and 1929. It was last sold for £375,000 in June 2018, which was around 8% below the average June 2018 detached price in the Rutland local authority area. The most recent EPC inspection was January 2011, where the current energy rating was E, and the potential energy rating was E.

1 CUTTING LANE Sold Prices

Land registry data shows three sales for 1 CUTTING LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Rutland local authority area for the corresponding sale date. All of the three 1 CUTTING LANE sales were for below 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 25 JUN	£375,000	£408,267	8% below HPI
2011 26 AUG	£268,500	£301,016	11% below HPI
2005 30 MAR	£205,000	£261,092	21% below HPI

1 CUTTING LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rutland local authority area over time, sourced from the HPI. The three 1 CUTTING LANE sales between March 2005 and June 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 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the June 2018 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 1 CUTTING LANE?

1 CUTTING LANE is 132m², which includes two extensions, according to the EPC inspection conducted in January 2011. This puts it in the smallest 30% of detached houses in South Luffenham, based on EPC data. The below chart shows the distribution of detached houses by size in South Luffenham, and where 1 CUTTING LANE lies on this distribution: 29% of detached houses are smaller than 1 CUTTING LANE, and 71% of houses are larger. Note that EPC data is not available for all properties in South Luffenham.

1 CUTTING LANE: Plot and Title Map

1 CUTTING LANE sits on a plot of roughly 0.071 of an acre, or 286m². The below map shows the location of 1 CUTTING LANE, 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 1 CUTTING LANE). 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 1 CUTTING LANE?

1 CUTTING LANE is located in SOUTH LUFFENHAM, in the LE15 postcode district. The below map shows the position of No. 1 on CUTTING LANE.