1, FAIRFIELD CLOSE, LANGHAM, OAKHAM, LE15 7JQ - £445,000

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 FAIRFIELD CLOSE is a midsized extended detached house of 144m², built sometime between 1967 and 1975. It was last sold for £445,000 in October 2023, which was around 15% below the average October 2023 detached price in the Rutland local authority area. The most recent EPC inspection was November 2022, where the current energy rating was D, and the potential energy rating was B.

1 FAIRFIELD CLOSE Sold Prices

Land registry data shows two sales for 1 FAIRFIELD CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Rutland local authority area for the corresponding sale date. Both of the two 1 FAIRFIELD CLOSE 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
2023 13 OCT	£445,000	£522,661	15% below HPI
1999 27 AUG	£102,000	£123,795	18% below HPI

1 FAIRFIELD CLOSE 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 two 1 FAIRFIELD CLOSE sales from August 1999 and October 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 August 1999 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the October 2023 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 1 FAIRFIELD CLOSE?

1 FAIRFIELD CLOSE is 144m², which includes one extension, according to the EPC inspection conducted in November 2022. This puts it in the smallest 50% of detached houses in Langham, based on EPC data. The below chart shows the distribution of detached houses by size in Langham, and where 1 FAIRFIELD CLOSE lies on this distribution: 48% of detached houses are smaller than 1 FAIRFIELD CLOSE, and 51% of houses are larger. Note that EPC data is not available for all properties in Langham.

1 FAIRFIELD CLOSE: Plot and Title Map

1 FAIRFIELD CLOSE sits on a plot of roughly 0.155 of an acre, or 627m². The below map shows the location of 1 FAIRFIELD CLOSE, 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 FAIRFIELD CLOSE). 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 FAIRFIELD CLOSE?

1 FAIRFIELD CLOSE is located in LANGHAM, in the LE15 postcode district. The below map shows the position of No. 1 on FAIRFIELD CLOSE.