18, REDLAND ROAD, OAKHAM, LE15 6PJ - £340,000

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.

18 REDLAND ROAD is a very large extended detached house of 160m², built sometime between 1967 and 1975, which could now be worth an estimated £422,787. It was last sold for £340,000 in September 2019, which was around 13% below the average September 2019 detached price in the Rutland local authority area. The most recent EPC inspection was May 2019, where the current energy rating was D, and the potential energy rating was C.

18 REDLAND ROAD Sold Prices

Land registry data shows three sales for 18 REDLAND ROAD 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 REDLAND 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
2019 3 SEP	£340,000	£391,248	13% below HPI
2014 28 FEB	£270,000	£280,407	4% below HPI
2001 27 JUL	£117,500	£150,304	22% below HPI

18 REDLAND 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 three 18 REDLAND ROAD sales between July 2001 and September 2019 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 February 2014 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the September 2019 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 18 REDLAND ROAD be worth now?

18 REDLAND ROAD might now be worth an estimated £422,787.

This is based on house price inflation of 24.3%, between September 2019 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 24.3% inflationary increase is applied to the most recent sale price for 18 REDLAND ROAD of £340,000 on 3rd September 2019. For the value to have increased from £340,000 to £422,787 over the six years and seven months to February 2025, the following assumptions must hold true:

• The value of 18 REDLAND ROAD has moved in line with the HPI for detached houses in the Rutland local authority area.
• The September 2019 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 18 REDLAND ROAD has not materially changed since September 2019.

How Large is 18 REDLAND ROAD?

18 REDLAND ROAD is 160m², which includes three extensions, according to the EPC inspection conducted in May 2019. This puts it in the largest 20% 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 18 REDLAND ROAD lies on this distribution: 81% of detached houses houses are smaller than 18 REDLAND ROAD, and 18% of houses are larger. Note that EPC data is not available for all properties in Oakham.

18 REDLAND ROAD: Plot and Title Map

18 REDLAND ROAD sits on a plot of roughly 64.6 acres, or 261,512m². The below map shows the location of 18 REDLAND 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 REDLAND 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 REDLAND ROAD?

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