17, DERWENT DRIVE, OAKHAM, LE15 6RZ - £250,000

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.

17 DERWENT DRIVE is a small detached house of 108m², built sometime between 1967 and 1975, which could now be worth an estimated £340,291. It was last sold for £250,000 in June 2017, which was around 30% below the average June 2017 detached price in the Rutland local authority area. The most recent EPC inspection was August 2013, where the current energy rating was D, and the potential energy rating was B.

17 DERWENT DRIVE Sold Prices

Land registry data shows three sales for 17 DERWENT DRIVE 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. All of the three 17 DERWENT 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
2017 12 JUN	£250,000	£357,424	30% below HPI
2014 14 MAR	£190,000	£292,289	35% below HPI
2008 28 MAR	£190,000	£282,537	33% below HPI

17 DERWENT 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 three 17 DERWENT DRIVE sales between March 2008 and June 2017 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 2014 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the June 2017 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 17 DERWENT DRIVE be worth now?

17 DERWENT DRIVE might now be worth an estimated £340,291.

This is based on house price inflation of 36.1%, between June 2017 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 36.1% inflationary increase is applied to the most recent sale price for 17 DERWENT DRIVE of £250,000 on 12th June 2017. For the value to have increased from £250,000 to £340,291 over the eight years and four months to February 2025, the following assumptions must hold true:

• The value of 17 DERWENT DRIVE has moved in line with the HPI for detached houses in the Rutland local authority area.
• The June 2017 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 17 DERWENT DRIVE has not materially changed since June 2017.

How Large is 17 DERWENT DRIVE?

17 DERWENT DRIVE is 108m² according to the EPC inspection conducted in August 2013. This puts it in the smallest 40% 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 17 DERWENT DRIVE lies on this distribution: 40% of detached houses houses are smaller than 17 DERWENT DRIVE, and 60% of houses are larger. Note that EPC data is not available for all properties in Oakham.

17 DERWENT DRIVE: Plot and Title Map

17 DERWENT DRIVE sits on a plot of roughly 0.120 of an acre, or 487m². The below map shows the location of 17 DERWENT 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 17 DERWENT 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 17 DERWENT DRIVE?

17 DERWENT DRIVE is located in OAKHAM, in the LE15 postcode district. The below map shows the position of No. 17 on DERWENT DRIVE.