18, FORTH CLOSE, OAKHAM, LE15 6JW - £395,000

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

18 FORTH CLOSE is a midsized extended detached house of 117m², built sometime between 1976 and 1982. It was last sold for £395,000 in December 2020, which was around 8% below the average December 2020 detached price in the Rutland local authority area. The most recent EPC inspection was April 2017, where the current energy rating was C, and the potential energy rating was B.

18 FORTH CLOSE Sold Prices

Land registry data shows three sales for 18 FORTH CLOSE 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 18 FORTH CLOSE sales were for below the average price, whilst one was for above 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 18 DEC	£395,000	£431,290	8% below HPI
2017 15 AUG	£325,000	£382,493	15% below HPI
2003 25 FEB	£215,000	£208,309	3% above HPI

18 FORTH CLOSE 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 18 FORTH CLOSE sales between February 2003 and December 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 August 2017 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the December 2020 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 18 FORTH CLOSE?

18 FORTH CLOSE is 117m², which includes three extensions, according to the EPC inspection conducted in April 2017. This puts it in the smallest 50% of detached houses in Oakham, based on EPC data. The below chart shows the distribution of detached houses by size in Oakham, and where 18 FORTH CLOSE lies on this distribution: 49% of detached houses are smaller than 18 FORTH CLOSE, and 50% of houses are larger. Note that EPC data is not available for all properties in Oakham.

18 FORTH CLOSE: Plot and Title Map

18 FORTH CLOSE sits on a plot of roughly 57.3 acres, or 232,001m². The below map shows the location of 18 FORTH CLOSE, 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 18 FORTH CLOSE). 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 18 FORTH CLOSE?

18 FORTH CLOSE is located in OAKHAM, in the LE15 postcode district. The below map shows the position of No. 18 on FORTH CLOSE.