1, WELL STREET, LANGHAM, OAKHAM, LE15 7JS - £340,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 WELL STREET is a midsized detached house of 151m², built sometime between 2003 and 2006, which could now be worth an estimated £547,906. It was last sold for £340,000 in July 2015, which was around 10% above the average July 2015 detached price in the Rutland local authority area. The most recent EPC inspection was February 2009, where the current energy rating was C, and the potential energy rating was C.

1 WELL STREET Sold Prices

Land registry data shows four sales for 1 WELL STREET 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 WELL STREET sales were for above 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 10 JUL	£340,000	£308,857	10% above HPI
2010 26 FEB	£335,000	£287,064	17% above HPI
2006 9 JAN	£321,000	£257,811	25% above HPI
2002 1 NOV	£258,600	£199,200	30% above HPI

1 WELL STREET 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 WELL STREET sales between November 2002 and July 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 February 2010 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the July 2015 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might 1 WELL STREET be worth now?

1 WELL STREET might now be worth an estimated £547,906.

This is based on house price inflation of 61.1%, between July 2015 and December 2024, 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 61.1% inflationary increase is applied to the most recent sale price for 1 WELL STREET of £340,000 on 10th July 2015. For the value to have increased from £340,000 to £547,906 over the eight years and seven months to December 2024, the following assumptions must hold true:

• The value of 1 WELL STREET has moved in line with the HPI for detached houses in the Rutland local authority area.
• The July 2015 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 1 WELL STREET has not materially changed since July 2015.

How Large is 1 WELL STREET?

1 WELL STREET is 151m² according to the EPC inspection conducted in February 2009. This puts it in the largest 50% of detached houses houses in Langham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Langham, and where 1 WELL STREET lies on this distribution: 53% of detached houses houses are smaller than 1 WELL STREET, and 47% of houses are larger. Note that EPC data is not available for all properties in Langham.

1 WELL STREET: Plot and Title Map

1 WELL STREET sits on a plot of roughly 0.114 of an acre, or 461m². The below map shows the location of 1 WELL STREET, 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 WELL STREET). 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 WELL STREET?

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