15, JAY CLOSE, OAKHAM, LE15 6BJ - £225,000

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.

15 JAY CLOSE is a small detached house of 94m², built sometime between 1991 and 1995, which could now be worth an estimated £369,734. It was last sold for £225,000 in August 2014, which was around 24% below the average August 2014 detached price in the Rutland local authority area. The most recent EPC inspection was July 2010, where the current energy rating was D, and the potential energy rating was C.

15 JAY CLOSE Sold Prices

Land registry data shows four sales for 15 JAY CLOSE 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 15 JAY 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
2014 28 AUG	£225,000	£296,065	24% below HPI
2011 9 DEC	£222,000	£279,310	21% below HPI
2008 1 SEP	£250,000	£280,088	11% below HPI
1998 24 JUL	£88,000	£115,031	23% below HPI

15 JAY 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 four 15 JAY CLOSE sales between July 1998 and August 2014 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 December 2011 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the August 2014 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 15 JAY CLOSE be worth now?

15 JAY CLOSE might now be worth an estimated £369,734.

This is based on house price inflation of 64.3%, between August 2014 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 64.3% inflationary increase is applied to the most recent sale price for 15 JAY CLOSE of £225,000 on 28th August 2014. For the value to have increased from £225,000 to £369,734 over the eleven years and six months to February 2025, the following assumptions must hold true:

• The value of 15 JAY CLOSE has moved in line with the HPI for detached houses in the Rutland local authority area.
• The August 2014 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 15 JAY CLOSE has not materially changed since August 2014.

How Large is 15 JAY CLOSE?

15 JAY CLOSE is 94m² according to the EPC inspection conducted in July 2010. 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 15 JAY CLOSE lies on this distribution: 25% of detached houses houses are smaller than 15 JAY CLOSE, and 75% of houses are larger. Note that EPC data is not available for all properties in Oakham.

15 JAY CLOSE: Plot and Title Map

15 JAY CLOSE sits on a plot of roughly 0.080 of an acre, or 322m². The below map shows the location of 15 JAY 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 JAY 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 JAY CLOSE?

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