1, NOEL AVENUE, OAKHAM, LE15 6SQ - £315,000

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.

1 NOEL AVENUE is a small extended detached house of 102m², built sometime between 1967 and 1975, which could now be worth an estimated £380,114. It was last sold for £315,000 in February 2020, which was around 22% below the average February 2020 detached price in the Rutland local authority area. The most recent EPC inspection was January 2011, where the current energy rating was D, and the potential energy rating was D.

1 NOEL AVENUE Sold Prices

Land registry data shows four sales for 1 NOEL AVENUE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Rutland local authority area for the corresponding sale date. All of the four 1 NOEL AVENUE 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
2020 28 FEB	£315,000	£403,173	22% below HPI
2013 1 MAY	£197,000	£275,310	28% below HPI
2010 11 JUN	£150,000	£267,934	44% below HPI
2003 28 OCT	£165,000	£229,454	28% below HPI

1 NOEL AVENUE 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 four 1 NOEL AVENUE sales between October 2003 and February 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 May 2013 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the February 2020 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 1 NOEL AVENUE be worth now?

1 NOEL AVENUE might now be worth an estimated £380,114.

This is based on house price inflation of 20.7%, between February 2020 and February 2025, for detached houses, in the Rutland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 20.7% inflationary increase is applied to the most recent sale price for 1 NOEL AVENUE of £315,000 on 28th February 2020. For the value to have increased from £315,000 to £380,114 over the five years to February 2025, the following assumptions must hold true:

• The value of 1 NOEL AVENUE has moved in line with the HPI for detached houses in the Rutland local authority area.
• The February 2020 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of 1 NOEL AVENUE has not materially changed since February 2020.

How Large is 1 NOEL AVENUE?

1 NOEL AVENUE is 102m², which includes one extension, according to the EPC inspection conducted in January 2011. This puts it in the smallest 40% of detached houses houses in Oakham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Oakham, and where 1 NOEL AVENUE lies on this distribution: 35% of detached houses houses are smaller than 1 NOEL AVENUE, and 65% of houses are larger. Note that EPC data is not available for all properties in Oakham.

1 NOEL AVENUE: Plot and Title Map

1 NOEL AVENUE sits on a plot of roughly 0.128 of an acre, or 517m². The below map shows the location of 1 NOEL AVENUE, 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 NOEL AVENUE). 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 NOEL AVENUE?

1 NOEL AVENUE is located in OAKHAM, in the LE15 postcode district. The below map shows the position of No. 1 on NOEL AVENUE.