18, SHANNON WAY, OAKHAM, LE15 6SY - £200,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

18 SHANNON WAY is a very small extended semi-detached house of 75m², built sometime between 1976 and 1982. It was last sold for £200,000 in November 2017, which was around 49% below the average November 2017 detached price in the Rutland local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was B.

18 SHANNON WAY Sold Prices

Land registry data shows four sales for 18 SHANNON WAY 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 SHANNON WAY 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 24 NOV	£200,000	£394,029	49% below HPI
2015 10 APR	£185,000	£320,563	42% below HPI
2008 16 MAY	£177,500	£308,150	42% below HPI
1997 17 NOV	£59,995	£114,224	47% below HPI

18 SHANNON WAY 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 SHANNON WAY sales between November 1997 and November 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 April 2015 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the November 2017 sale, where it falls to 49% below the HPI. The line then continues to track at 49% below the HPI.

How Large is 18 SHANNON WAY?

18 SHANNON WAY is 75m², which includes one extension, according to the EPC inspection conducted in August 2014. This puts it in the smallest 10% 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 SHANNON WAY lies on this distribution: 7% of detached houses are smaller than 18 SHANNON WAY, and 93% of houses are larger. Note that EPC data is not available for all properties in Oakham.

18 SHANNON WAY: Plot and Title Map

18 SHANNON WAY sits on a plot of roughly 0.058 of an acre, or 233m². The below map shows the location of 18 SHANNON WAY, 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 SHANNON WAY). 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 SHANNON WAY?

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