12, MENDIP ROAD, OAKHAM, LE15 6NN - £174,000

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

12 MENDIP ROAD is a very small extended detached house of 79m², built sometime between 1967 and 1975, which could now be worth an estimated £293,340. It was last sold for £174,000 in September 2010, which was around 40% below the average September 2010 detached price in the Rutland local authority area. The most recent EPC inspection was August 2010, where the current energy rating was D, and the potential energy rating was D.

12 MENDIP ROAD Sold Prices

Land registry data shows two sales for 12 MENDIP ROAD 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 12 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
2010 30 SEP	£174,000	£288,584	40% below HPI
2003 3 OCT	£130,000	£229,454	43% below HPI

12 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 two 12 MENDIP ROAD sales from October 2003 and September 2010 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 2003 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the September 2010 sale, where it rises to 40% below the HPI. The line then continues to track at 40% below the HPI.

What might 12 MENDIP ROAD be worth now?

12 MENDIP ROAD might now be worth an estimated £293,340.

This is based on house price inflation of 68.6%, between September 2010 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 68.6% inflationary increase is applied to the most recent sale price for 12 MENDIP ROAD of £174,000 on 30th September 2010. For the value to have increased from £174,000 to £293,340 over the fifteen years and seven months to February 2025, the following assumptions must hold true:

• The value of 12 MENDIP ROAD has moved in line with the HPI for detached houses in the Rutland local authority area.
• The September 2010 sale price of £174,000 represented a fair market value for the property.
• The size, condition, and specification of 12 MENDIP ROAD has not materially changed since September 2010.

How Large is 12 MENDIP ROAD?

12 MENDIP ROAD is 79m², which includes one extension, according to the EPC inspection conducted in August 2010. This puts it in the smallest 10% 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 12 MENDIP ROAD lies on this distribution: 9% of detached houses houses are smaller than 12 MENDIP ROAD, and 91% of houses are larger. Note that EPC data is not available for all properties in Oakham.

12 MENDIP ROAD: Plot and Title Map

12 MENDIP ROAD sits on a plot of roughly 28.7 acres, or 116,210m². The below map shows the location of 12 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 12 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 12 MENDIP ROAD?

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