128, WELLAND WAY, OAKHAM, LE15 6SZ - £350,000

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.

128 WELLAND WAY is a small extended detached house of 99m², built sometime between 1976 and 1982, which could now be worth an estimated £369,711. It was last sold for £350,000 in March 2023, which was around 24% below the average March 2023 detached price in the Rutland local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was A.

128 WELLAND WAY Sold Prices

Land registry data shows four sales for 128 WELLAND WAY 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. All of the four 128 WELLAND WAY 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
2023 27 MAR	£350,000	£460,575	24% below HPI
2015 22 JUL	£229,950	£308,857	26% below HPI
2004 9 AUG	£189,950	£250,121	24% below HPI
2000 18 OCT	£81,500	£144,196	43% below HPI

128 WELLAND WAY 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 128 WELLAND WAY sales between October 2000 and March 2023 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 2015 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the March 2023 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 128 WELLAND WAY be worth now?

128 WELLAND WAY might now be worth an estimated £369,711.

This is based on house price inflation of 5.6%, between March 2023 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 5.6% inflationary increase is applied to the most recent sale price for 128 WELLAND WAY of £350,000 on 27th March 2023. For the value to have increased from £350,000 to £369,711 over the two years and one month to February 2025, the following assumptions must hold true:

• The value of 128 WELLAND WAY has moved in line with the HPI for detached houses in the Rutland local authority area.
• The March 2023 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 128 WELLAND WAY has not materially changed since March 2023.

How Large is 128 WELLAND WAY?

128 WELLAND WAY is 99m², which includes one extension, according to the EPC inspection conducted in April 2015. This puts it in the smallest 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 128 WELLAND WAY lies on this distribution: 30% of detached houses houses are smaller than 128 WELLAND WAY, and 69% of houses are larger. Note that EPC data is not available for all properties in Oakham.

128 WELLAND WAY: Plot and Title Map

128 WELLAND WAY sits on a plot of roughly 57.2 acres, or 231,545m². The below map shows the location of 128 WELLAND WAY, 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 128 WELLAND WAY). 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 128 WELLAND WAY?

128 WELLAND WAY is located in OAKHAM, in the LE15 postcode district. The below map shows the position of No. 128 on WELLAND WAY.