18, KENNEDY CLOSE, OAKHAM, LE15 6LL - £320,000

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 KENNEDY CLOSE is a very small extended detached house of 85m², built sometime between 1950 and 1966. It was last sold for £320,000 in February 2023, which was around 35% below the average February 2023 detached price in the Rutland local authority area. The most recent EPC inspection was November 2022, where the current energy rating was C, and the potential energy rating was C.

18 KENNEDY CLOSE Sold Prices

Land registry data shows three sales for 18 KENNEDY 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. All of the three 18 KENNEDY CLOSE 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
2023 17 FEB	£320,000	£488,824	35% below HPI
2004 5 NOV	£173,000	£273,718	37% below HPI
1995 29 NOV	£64,500	£97,058	34% below HPI

18 KENNEDY 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 KENNEDY CLOSE sales between November 1995 and February 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 November 2004 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the February 2023 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 18 KENNEDY CLOSE?

18 KENNEDY CLOSE is 85m², which includes one extension, according to the EPC inspection conducted in November 2022. This puts it in the smallest 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 18 KENNEDY CLOSE lies on this distribution: 15% of detached houses are smaller than 18 KENNEDY CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Oakham.

18 KENNEDY CLOSE: Plot and Title Map

18 KENNEDY CLOSE sits on a plot of roughly 0.077 of an acre, or 310m². The below map shows the location of 18 KENNEDY 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 KENNEDY 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 KENNEDY CLOSE?

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