15, FAIRFIELD CLOSE, LANGHAM, OAKHAM, LE15 7JQ - £300,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

15 FAIRFIELD CLOSE is a very small detached house of 95m², built sometime between 1950 and 1966. It was last sold for £300,000 in August 2018, which was around 25% below the average August 2018 detached price in the Rutland local authority area. The most recent EPC inspection was April 2011, where the current energy rating was E, and the potential energy rating was D.

15 FAIRFIELD CLOSE Sold Prices

Land registry data shows two sales for 15 FAIRFIELD CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Rutland local authority area for the corresponding sale date. Both of the two 15 FAIRFIELD 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
2018 28 AUG	£300,000	£402,294	25% below HPI
2011 26 MAY	£203,000	£297,502	32% below HPI

15 FAIRFIELD 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 two 15 FAIRFIELD CLOSE sales from May 2011 and August 2018 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 May 2011 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the August 2018 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 15 FAIRFIELD CLOSE?

15 FAIRFIELD CLOSE is 95m² according to the EPC inspection conducted in April 2011. This puts it in the smallest 20% of detached houses in Langham, based on EPC data. The below chart shows the distribution of detached houses by size in Langham, and where 15 FAIRFIELD CLOSE lies on this distribution: 13% of detached houses are smaller than 15 FAIRFIELD CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Langham.

15 FAIRFIELD CLOSE: Plot and Title Map

15 FAIRFIELD CLOSE sits on a plot of roughly 0.105 of an acre, or 424m². The below map shows the location of 15 FAIRFIELD 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 15 FAIRFIELD 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 15 FAIRFIELD CLOSE?

15 FAIRFIELD CLOSE is located in LANGHAM, in the LE15 postcode district. The below map shows the position of No. 15 on FAIRFIELD CLOSE.