14, IRWELL CLOSE, OAKHAM, LE15 6SX - £305,000

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 IRWELL CLOSE is a small extended detached house of 92m², built sometime between 1996 and 2002. It was last sold for £305,000 in May 2022, which was around 36% below the average May 2022 detached price in the Rutland local authority area. The most recent EPC inspection was August 2017, where the current energy rating was D, and the potential energy rating was B.

14 IRWELL CLOSE Sold Prices

Land registry data shows three sales for 14 IRWELL 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 14 IRWELL CLOSE 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 13 MAY	£305,000	£477,519	36% below HPI
2018 22 MAR	£240,000	£402,603	40% below HPI
1999 29 OCT	£86,000	£120,078	28% below HPI

14 IRWELL 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 14 IRWELL CLOSE sales between October 1999 and May 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 March 2018 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the May 2022 sale, where it rises to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 14 IRWELL CLOSE?

14 IRWELL CLOSE is 92m², which includes one extension, according to the EPC inspection conducted in August 2017. 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 14 IRWELL CLOSE lies on this distribution: 23% of detached houses are smaller than 14 IRWELL CLOSE, and 76% of houses are larger. Note that EPC data is not available for all properties in Oakham.

14 IRWELL CLOSE: Plot and Title Map

14 IRWELL CLOSE sits on a plot of roughly 57.3 acres, or 232,001m². The below map shows the location of 14 IRWELL 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 14 IRWELL 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 14 IRWELL CLOSE?

14 IRWELL CLOSE is located in OAKHAM, in the LE15 postcode district. The below map shows the position of No. 14 on IRWELL CLOSE.