1, TAY CLOSE, OAKHAM, LE15 6JR - £410,000

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 TAY CLOSE is a midsized extended detached house of 123m², built sometime between 1967 and 1975. It was last sold for £410,000 in March 2024, which was around 17% below the average March 2024 detached price in the Rutland local authority area. The most recent EPC inspection was September 2018, where the current energy rating was D, and the potential energy rating was C.

1 TAY CLOSE Sold Prices

Land registry data shows three sales for 1 TAY 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 TAY 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 28 MAR	£410,000	£491,696	17% below HPI
2019 31 MAY	£325,000	£401,653	19% below HPI
2001 27 JUN	£119,000	£161,390	26% below HPI

1 TAY 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 TAY CLOSE sales between June 2001 and March 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 May 2019 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the March 2024 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 1 TAY CLOSE?

1 TAY CLOSE is 123m², which includes one extension, according to the EPC inspection conducted in September 2018. This puts it in the largest 50% of detached houses in Oakham, based on EPC data. The below chart shows the distribution of detached houses by size in Oakham, and where 1 TAY CLOSE lies on this distribution: 54% of detached houses are smaller than 1 TAY CLOSE, and 45% of houses are larger. Note that EPC data is not available for all properties in Oakham.

1 TAY CLOSE: Plot and Title Map

1 TAY CLOSE sits on a plot of roughly 57.3 acres, or 232,001m². The below map shows the location of 1 TAY 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 TAY 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 TAY CLOSE?

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