16, SPRINGFIELD WAY, OAKHAM, LE15 6QA - £350,000

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 SPRINGFIELD WAY is a very large extended detached house of 168m², built sometime between 1976 and 1982. It was last sold for £350,000 in August 2015, which was around 3% above the average August 2015 detached price in the Rutland local authority area. The most recent EPC inspection was May 2015, where the current energy rating was C, and the potential energy rating was B.

16 SPRINGFIELD WAY Sold Prices

Land registry data shows three sales for 16 SPRINGFIELD WAY 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. Two of the three 16 SPRINGFIELD WAY sales were for above the average price, whilst one was 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
2015 14 AUG	£350,000	£340,691	3% above HPI
2002 28 MAR	£175,000	£169,930	3% above HPI
1998 8 MAY	£106,000	£110,457	4% below HPI

16 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 three 16 SPRINGFIELD WAY sales between May 1998 and August 2015 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 2002 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the August 2015 sale, which was also at 3% above the HPI.

How Large is 16 SPRINGFIELD WAY?

16 SPRINGFIELD WAY is 168m², which includes one extension, according to the EPC inspection conducted in May 2015. This puts it in the largest 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 16 SPRINGFIELD WAY lies on this distribution: 84% of detached houses are smaller than 16 SPRINGFIELD WAY, and 15% of houses are larger. Note that EPC data is not available for all properties in Oakham.

16 SPRINGFIELD WAY: Plot and Title Map

16 SPRINGFIELD WAY sits on a plot of roughly 57.5 acres, or 232,847m². The below map shows the location of 16 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 16 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 16 SPRINGFIELD WAY?

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