1, REES CLOSE, UPPINGHAM, OAKHAM, LE15 9ST - £350,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 REES CLOSE is a small extended detached house of 100m², built sometime between 1983 and 1990. It was last sold for £350,000 in January 2024, which was around 32% below the average January 2024 detached price in the Rutland local authority area. The most recent EPC inspection was August 2019, where the current energy rating was D, and the potential energy rating was B.

1 REES CLOSE Sold Prices

Land registry data shows two sales for 1 REES 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 REES 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
2024 3 JAN	£350,000	£518,516	32% below HPI
1995 1 JUN	£83,000	£98,942	16% below HPI

1 REES 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 REES CLOSE sales from June 1995 and January 2024 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 June 1995 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the January 2024 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 1 REES CLOSE?

1 REES CLOSE is 100m², which includes one extension, according to the EPC inspection conducted in August 2019. This puts it in the smallest 30% of detached houses in Uppingham, based on EPC data. The below chart shows the distribution of detached houses by size in Uppingham, and where 1 REES CLOSE lies on this distribution: 26% of detached houses are smaller than 1 REES CLOSE, and 74% of houses are larger. Note that EPC data is not available for all properties in Uppingham.

1 REES CLOSE: Plot and Title Map

1 REES CLOSE sits on a plot of roughly 0.078 of an acre, or 317m². The below map shows the location of 1 REES 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 REES 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 REES CLOSE?

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