12, SUTHERN CLOSE, OAKHAM, LE15 6FX - £565,000

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

12 SUTHERN CLOSE is a large detached house of 156m², built sometime between 1996 and 2002. It was last sold for £565,000 in August 2024, which was around 12% above the average August 2024 detached price in the Rutland local authority area. The most recent EPC inspection was November 2023, where the current energy rating was D, and the potential energy rating was C.

12 SUTHERN CLOSE Sold Prices

Land registry data shows three sales for 12 SUTHERN CLOSE 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 12 SUTHERN CLOSE sales were 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
2024 14 AUG	£565,000	£505,137	12% above HPI
2003 10 JUL	£250,000	£232,885	7% above HPI
2000 7 JUN	£182,500	£142,337	28% above HPI

12 SUTHERN 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 three 12 SUTHERN CLOSE sales between June 2000 and August 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 July 2003 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the August 2024 sale, where it rises to 12% above the HPI. The line then continues to track at 12% above the HPI.

How Large is 12 SUTHERN CLOSE?

12 SUTHERN CLOSE is 156m² according to the EPC inspection conducted in November 2023. 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 12 SUTHERN CLOSE lies on this distribution: 80% of detached houses are smaller than 12 SUTHERN CLOSE, and 20% of houses are larger. Note that EPC data is not available for all properties in Oakham.

12 SUTHERN CLOSE: Plot and Title Map

12 SUTHERN CLOSE sits on a plot of roughly 0.111 of an acre, or 451m². The below map shows the location of 12 SUTHERN 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 SUTHERN 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 SUTHERN CLOSE?

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