18, WELLAND WAY, OAKHAM, LE15 6SL - £274,000

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 WELLAND WAY is a large detached house of 139m², built sometime between 1967 and 1975. It was last sold for £274,000 in July 2016, which was around 21% below the average July 2016 detached price in the Rutland local authority area. The most recent EPC inspection was February 2016, where the current energy rating was E, and the potential energy rating was C.

18 WELLAND WAY Sold Prices

Land registry data shows two sales for 18 WELLAND WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Rutland local authority area for the corresponding sale date. Both of the two 18 WELLAND 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
2016 15 JUL	£274,000	£347,142	21% below HPI
2004 22 APR	£223,000	£233,433	4% below HPI

18 WELLAND 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 two 18 WELLAND WAY sales from April 2004 and July 2016 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 2004 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the July 2016 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 18 WELLAND WAY?

18 WELLAND WAY is 139m² according to the EPC inspection conducted in February 2016. This puts it in the largest 40% 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 WELLAND WAY lies on this distribution: 68% of detached houses are smaller than 18 WELLAND WAY, and 31% of houses are larger. Note that EPC data is not available for all properties in Oakham.

18 WELLAND WAY: Plot and Title Map

18 WELLAND WAY sits on a plot of roughly 0.089 of an acre, or 359m². The below map shows the location of 18 WELLAND 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 WELLAND 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 WELLAND WAY?

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