11, SPEY DRIVE, OAKHAM, LE15 6JP - £450,000

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.

11 SPEY DRIVE is a large extended detached house of 141m², built sometime between 1983 and 1990, which could now be worth an estimated £446,172. It was last sold for £450,000 in January 2025, which was around 8% below the average January 2025 detached price in the Rutland local authority area. The most recent EPC inspection was October 2024, where the current energy rating was C, and the potential energy rating was C.

11 SPEY DRIVE Sold Prices

Land registry data shows three sales for 11 SPEY DRIVE 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 11 SPEY DRIVE 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
2025 23 JAN	£450,000	£490,687	8% below HPI
2018 29 AUG	£339,950	£381,140	11% below HPI
2012 5 OCT	£250,000	£286,029	13% below HPI

11 SPEY DRIVE 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 11 SPEY DRIVE sales between October 2012 and January 2025 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 August 2018 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the January 2025 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 11 SPEY DRIVE be worth now?

11 SPEY DRIVE might now be worth an estimated £446,172.

This is based on house price deflation of 0.9%, between January 2025 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 0.9% deflationary decrease is applied to the most recent sale price for 11 SPEY DRIVE of £450,000 on 23rd January 2025. For the value to have decreased from £450,000 to £446,172 over the eleven months to February 2025, the following assumptions must hold true:

• The value of 11 SPEY DRIVE has moved in line with the HPI for detached houses in the Rutland local authority area.
• The January 2025 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of 11 SPEY DRIVE has not materially changed since January 2025.

How Large is 11 SPEY DRIVE?

11 SPEY DRIVE is 141m², which includes one extension, according to the EPC inspection conducted in October 2024. This puts it in the largest 30% of detached houses houses in Oakham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Oakham, and where 11 SPEY DRIVE lies on this distribution: 70% of detached houses houses are smaller than 11 SPEY DRIVE, and 29% of houses are larger. Note that EPC data is not available for all properties in Oakham.

11 SPEY DRIVE: Plot and Title Map

11 SPEY DRIVE sits on a plot of roughly 60.4 acres, or 244,361m². The below map shows the location of 11 SPEY DRIVE, 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 11 SPEY DRIVE). 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 11 SPEY DRIVE?

11 SPEY DRIVE is located in OAKHAM, in the LE15 postcode district. The below map shows the position of No. 11 on SPEY DRIVE.