12, JAY CLOSE, OAKHAM, LE15 6BJ - £293,500

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

12 JAY CLOSE is a large extended detached house of 136m², built sometime between 1983 and 1990. It was last sold for £293,500 in January 2015, which was around 12% below the average January 2015 detached price in the Rutland local authority area. The most recent EPC inspection was March 2021, where the current energy rating was C, and the potential energy rating was B.

12 JAY CLOSE Sold Prices

Land registry data shows four sales for 12 JAY CLOSE 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. Two of the four 12 JAY CLOSE sales were for below the average price, whilst one was 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 8 JAN	£293,500	£334,767	12% below HPI
2006 4 AUG	£275,000	£273,656	Close to HPI
1999 22 JAN	£113,000	£108,219	4% above HPI
1998 16 JAN	£102,000	£112,873	10% below HPI

12 JAY 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 four 12 JAY CLOSE sales between January 1998 and January 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 August 2006 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the January 2015 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 12 JAY CLOSE?

12 JAY CLOSE is 136m², which includes one extension, according to the EPC inspection conducted in March 2021. This puts it in the largest 40% of detached houses in Oakham, based on EPC data. The below chart shows the distribution of detached houses by size in Oakham, and where 12 JAY CLOSE lies on this distribution: 65% of detached houses are smaller than 12 JAY CLOSE, and 34% of houses are larger. Note that EPC data is not available for all properties in Oakham.

12 JAY CLOSE: Plot and Title Map

12 JAY CLOSE sits on a plot of roughly 0.130 of an acre, or 526m². The below map shows the location of 12 JAY 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 12 JAY 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 12 JAY CLOSE?

12 JAY CLOSE is located in OAKHAM, in the LE15 postcode district. The below map shows the position of No. 12 on JAY CLOSE.