16, SUMMERFIELD, OAKHAM, LE15 6PZ - £470,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

16 SUMMERFIELD is a large detached house of 142m², built sometime between 1983 and 1990, which could now be worth an estimated £456,661. It was last sold for £470,000 in September 2023, which was around 6% below the average September 2023 detached price in the Rutland local authority area. The most recent EPC inspection was August 2020, where the current energy rating was C, and the potential energy rating was B.

16 SUMMERFIELD Sold Prices

Land registry data shows three sales for 16 SUMMERFIELD 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. The three 16 SUMMERFIELD sales were a mix of below the average price, and roughly equal to 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
2023 29 SEP	£470,000	£500,724	6% below HPI
2011 9 DEC	£280,000	£279,310	Close to HPI
2008 23 MAY	£287,500	£291,947	2% below HPI

16 SUMMERFIELD 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 SUMMERFIELD sales between May 2008 and September 2023 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 roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the September 2023 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 16 SUMMERFIELD be worth now?

16 SUMMERFIELD might now be worth an estimated £456,661.

This is based on house price deflation of 2.8%, between September 2023 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 2.8% deflationary decrease is applied to the most recent sale price for 16 SUMMERFIELD of £470,000 on 29th September 2023. For the value to have decreased from £470,000 to £456,661 over the two years and seven months to February 2025, the following assumptions must hold true:

• The value of 16 SUMMERFIELD has moved in line with the HPI for detached houses in the Rutland local authority area.
• The September 2023 sale price of £470,000 represented a fair market value for the property.
• The size, condition, and specification of 16 SUMMERFIELD has not materially changed since September 2023.

How Large is 16 SUMMERFIELD?

16 SUMMERFIELD is 142m² according to the EPC inspection conducted in August 2020. This puts it in the largest 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 16 SUMMERFIELD lies on this distribution: 71% of detached houses houses are smaller than 16 SUMMERFIELD, and 29% of houses are larger. Note that EPC data is not available for all properties in Oakham.

16 SUMMERFIELD: Plot and Title Map

16 SUMMERFIELD sits on a plot of roughly 0.133 of an acre, or 540m². The below map shows the location of 16 SUMMERFIELD, 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 SUMMERFIELD). 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 SUMMERFIELD?

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