15, SPRINGFIELD WAY, OAKHAM, LE15 6QA - £285,000

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

15 SPRINGFIELD WAY is a very small semi-detached house of 82m², built sometime between 1983 and 1990. It was last sold for £285,000 in June 2020, which was around 29% below the average June 2020 detached price in the Rutland local authority area. The most recent EPC inspection was April 2016, where the current energy rating was E, and the potential energy rating was B.

15 SPRINGFIELD WAY Sold Prices

Land registry data shows six sales for 15 SPRINGFIELD WAY since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Rutland local authority area for the corresponding sale date. All of the six 15 SPRINGFIELD 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
2020 2 JUN	£285,000	£402,347	29% below HPI
2018 26 OCT	£225,000	£422,449	47% below HPI
2014 18 DEC	£189,995	£329,418	42% below HPI
2002 6 DEC	£135,000	£217,230	38% below HPI
1999 19 NOV	£77,500	£123,700	37% below HPI
1998 19 JAN	£65,500	£112,873	42% below HPI

15 SPRINGFIELD 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 six 15 SPRINGFIELD WAY sales between January 1998 and June 2020 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 October 2018 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the June 2020 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 15 SPRINGFIELD WAY?

15 SPRINGFIELD WAY is 82m² according to the EPC inspection conducted in April 2016. This puts it in the smallest 20% of detached houses in Oakham, based on EPC data. The below chart shows the distribution of detached houses by size in Oakham, and where 15 SPRINGFIELD WAY lies on this distribution: 11% of detached houses are smaller than 15 SPRINGFIELD WAY, and 88% of houses are larger. Note that EPC data is not available for all properties in Oakham.

15 SPRINGFIELD WAY: Plot and Title Map

15 SPRINGFIELD WAY sits on a plot of roughly 0.072 of an acre, or 290m². The below map shows the location of 15 SPRINGFIELD 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 15 SPRINGFIELD 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 15 SPRINGFIELD WAY?

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