1, ROSE CLOSE, NORTH LUFFENHAM, OAKHAM, LE15 8JJ - £305,000

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 ROSE CLOSE is a very small detached house of 85m², built sometime between 1976 and 1982, which could now be worth an estimated £453,817. It was last sold for £305,000 in September 2015, which was around 7% below the average September 2015 detached price in the Rutland local authority area. The most recent EPC inspection was July 2015, where the current energy rating was E, and the potential energy rating was B.

1 ROSE CLOSE Sold Prices

Land registry data shows three sales for 1 ROSE CLOSE 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 ROSE 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
2015 18 SEP	£305,000	£326,974	7% below HPI
2006 5 MAY	£222,500	£259,002	14% below HPI
2003 25 APR	£179,950	£200,284	10% below HPI

1 ROSE 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 three 1 ROSE CLOSE sales between April 2003 and September 2015 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 2006 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the September 2015 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 1 ROSE CLOSE be worth now?

1 ROSE CLOSE might now be worth an estimated £453,817.

This is based on house price inflation of 48.8%, between September 2015 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 48.8% inflationary increase is applied to the most recent sale price for 1 ROSE CLOSE of £305,000 on 18th September 2015. For the value to have increased from £305,000 to £453,817 over the ten years and seven months to February 2025, the following assumptions must hold true:

• The value of 1 ROSE CLOSE has moved in line with the HPI for detached houses in the Rutland local authority area.
• The September 2015 sale price of £305,000 represented a fair market value for the property.
• The size, condition, and specification of 1 ROSE CLOSE has not materially changed since September 2015.

How Large is 1 ROSE CLOSE?

1 ROSE CLOSE is 85m² according to the EPC inspection conducted in July 2015. This puts it in the smallest 10% of detached houses houses in North Luffenham, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Luffenham, and where 1 ROSE CLOSE lies on this distribution: 7% of detached houses houses are smaller than 1 ROSE CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in North Luffenham.

1 ROSE CLOSE: Plot and Title Map

1 ROSE CLOSE sits on a plot of roughly 0.119 of an acre, or 483m². The below map shows the location of 1 ROSE 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 ROSE 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 ROSE CLOSE?

1 ROSE CLOSE is located in NORTH LUFFENHAM, in the LE15 postcode district. The below map shows the position of No. 1 on ROSE CLOSE.