14, GREAT LANE, GREETHAM, OAKHAM, LE15 7NG - £500,000

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

14 GREAT LANE is a small extended detached house of 127m², built sometime between 1900 and 1929. It was last sold for £500,000 in December 2022, which was around 1% below the average December 2022 detached price in the Rutland local authority area. The most recent EPC inspection was March 2022, where the current energy rating was D, and the potential energy rating was B.

14 GREAT LANE Sold Prices

Land registry data shows three sales for 14 GREAT LANE 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 14 GREAT LANE 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
2022 9 DEC	£500,000	£505,416	1% below HPI
2016 23 JUN	£240,000	£341,237	30% below HPI
2007 7 SEP	£218,500	£305,225	28% below HPI

14 GREAT LANE 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 14 GREAT LANE sales between September 2007 and December 2022 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 June 2016 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the December 2022 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is 14 GREAT LANE?

14 GREAT LANE is 127m², which includes two extensions, according to the EPC inspection conducted in March 2022. This puts it in the smallest 30% of detached houses in Greetham, based on EPC data. The below chart shows the distribution of detached houses by size in Greetham, and where 14 GREAT LANE lies on this distribution: 28% of detached houses are smaller than 14 GREAT LANE, and 72% of houses are larger. Note that EPC data is not available for all properties in Greetham.

14 GREAT LANE: Plot and Title Map

14 GREAT LANE sits on a plot of roughly 0.092 of an acre, or 372m². The below map shows the location of 14 GREAT LANE, 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 14 GREAT LANE). 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 14 GREAT LANE?

14 GREAT LANE is located in GREETHAM, in the LE15 postcode district. The below map shows the position of No. 14 on GREAT LANE.