18, HERON ROAD, OAKHAM, LE15 6BN - £324,000

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 HERON ROAD is a small extended detached house of 95m², built sometime between 1991 and 1995. It was last sold for £324,000 in December 2020, which was around 25% below the average December 2020 detached price in the Rutland local authority area. The most recent EPC inspection was December 2018, where the current energy rating was D, and the potential energy rating was B.

18 HERON ROAD Sold Prices

Land registry data shows four sales for 18 HERON ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Rutland local authority area for the corresponding sale date. All of the four 18 HERON ROAD 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
2020 1 DEC	£324,000	£431,290	25% below HPI
2019 31 JUL	£285,000	£411,995	31% below HPI
2019 28 JUN	£247,500	£417,737	41% below HPI
1999 20 MAY	£93,500	£118,808	21% below HPI

18 HERON ROAD 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 four 18 HERON ROAD sales between May 1999 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 July 2019 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the December 2020 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 18 HERON ROAD?

18 HERON ROAD is 95m², which includes one extension, according to the EPC inspection conducted in December 2018. This puts it in the smallest 30% 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 HERON ROAD lies on this distribution: 26% of detached houses are smaller than 18 HERON ROAD, and 73% of houses are larger. Note that EPC data is not available for all properties in Oakham.

18 HERON ROAD: Plot and Title Map

18 HERON ROAD sits on a plot of roughly 0.073 of an acre, or 297m². The below map shows the location of 18 HERON ROAD, 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 HERON ROAD). 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 HERON ROAD?

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