10, MENDIP ROAD, OAKHAM, LE15 6NN - £225,000

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

10 MENDIP ROAD is a very small detached house of 74m², built sometime between 1967 and 1975. It was last sold for £225,000 in May 2024, which was around 53% below the average May 2024 detached price in the Rutland local authority area. The most recent EPC inspection was November 2015, where the current energy rating was D, and the potential energy rating was B.

10 MENDIP ROAD Sold Prices

Land registry data shows three sales for 10 MENDIP ROAD 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 10 MENDIP ROAD 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 MAY	£225,000	£477,558	53% below HPI
2004 16 SEP	£158,000	£267,678	41% below HPI
1999 4 JUN	£65,000	£121,631	47% below HPI

10 MENDIP ROAD 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 10 MENDIP ROAD sales between June 1999 and May 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 September 2004 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the May 2024 sale, where it falls to 53% below the HPI. The line then continues to track at 53% below the HPI.

How Large is 10 MENDIP ROAD?

10 MENDIP ROAD is 74m² according to the EPC inspection conducted in November 2015. This puts it in the smallest 10% of detached houses in Oakham, based on EPC data. The below chart shows the distribution of detached houses by size in Oakham, and where 10 MENDIP ROAD lies on this distribution: 6% of detached houses are smaller than 10 MENDIP ROAD, and 94% of houses are larger. Note that EPC data is not available for all properties in Oakham.

10 MENDIP ROAD: Plot and Title Map

10 MENDIP ROAD sits on a plot of roughly 0.050 of an acre, or 201m². The below map shows the location of 10 MENDIP ROAD, 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 10 MENDIP ROAD). 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 10 MENDIP ROAD?

10 MENDIP ROAD is located in OAKHAM, in the LE15 postcode district. The below map shows the position of No. 10 on MENDIP ROAD.