16, GLEN DRIVE, OAKHAM, LE15 6SB - £245,000

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

16 GLEN DRIVE is a very small detached house of 77m², built sometime between 1967 and 1975. It was last sold for £245,000 in February 2024, which was around 52% below the average February 2024 detached price in the Rutland local authority area. The most recent EPC inspection was October 2022, where the current energy rating was E, and the potential energy rating was B.

16 GLEN DRIVE Sold Prices

Land registry data shows two sales for 16 GLEN DRIVE 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 16 GLEN DRIVE 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
2024 23 FEB	£245,000	£506,655	52% below HPI
2023 8 SEP	£202,000	£529,026	62% below HPI

16 GLEN DRIVE 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 16 GLEN DRIVE sales from September 2023 and February 2024 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 September 2023 sale was for 62% below the HPI. So the extrapolation line tracks at 62% below the HPI over time, until the February 2024 sale, where it rises to 52% below the HPI. The line then continues to track at 52% below the HPI.

How Large is 16 GLEN DRIVE?

16 GLEN DRIVE is 77m² according to the EPC inspection conducted in October 2022. This puts it in the smallest 10% of detached houses in Oakham, based on EPC data. The below chart shows the distribution of detached houses by size in Oakham, and where 16 GLEN DRIVE lies on this distribution: 8% of detached houses are smaller than 16 GLEN DRIVE, and 92% of houses are larger. Note that EPC data is not available for all properties in Oakham.

16 GLEN DRIVE: Plot and Title Map

16 GLEN DRIVE sits on a plot of roughly 0.127 of an acre, or 514m². The below map shows the location of 16 GLEN DRIVE, 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 16 GLEN DRIVE). 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 16 GLEN DRIVE?

16 GLEN DRIVE is located in OAKHAM, in the LE15 postcode district. The below map shows the position of No. 16 on GLEN DRIVE.