11, SPEY DRIVE, OAKHAM, LE15 6JP - £339,950

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

11 SPEY DRIVE is a large detached house of 142m², built sometime between 1967 and 1975. It was last sold for £339,950 in August 2018, which was around 15% below the average August 2018 detached price in the Rutland local authority area. The most recent EPC inspection was January 2011, where the current energy rating was D, and the potential energy rating was D.

11 SPEY DRIVE Sold Prices

Land registry data shows two sales for 11 SPEY DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Rutland local authority area for the corresponding sale date. Both of the two 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
2018 29 AUG	£339,950	£402,294	15% below HPI
2012 5 OCT	£250,000	£301,905	17% 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 two 11 SPEY DRIVE sales from October 2012 and August 2018 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 October 2012 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the August 2018 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 11 SPEY DRIVE?

11 SPEY DRIVE is 142m² according to the EPC inspection conducted in January 2011. This puts it in the largest 30% of detached houses in Oakham, based on EPC data. The below chart shows the distribution of detached houses by size in Oakham, and where 11 SPEY DRIVE lies on this distribution: 71% of detached 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 60.5 acres, or 244,795m². 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.