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

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

128 WELLAND WAY is a small extended detached house of 99m², built sometime between 1976 and 1982. It was last sold for £350,000 in March 2023, which was around 28% 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	£486,138	28% below HPI
2015 22 JUL	£229,950	£325,999	29% below HPI
2004 9 AUG	£189,950	£264,004	28% below HPI
2000 18 OCT	£81,500	£152,199	46% 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 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the March 2023 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

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 in Oakham, based on EPC data. The below chart shows the distribution of detached houses by size in Oakham, and where 128 WELLAND WAY lies on this distribution: 30% of detached 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 0.072 of an acre, or 291m². 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.