2, CHAFFINCH CLOSE, OAKHAM, LE15 6BY - £295,000

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

2 CHAFFINCH CLOSE is a very large detached house of 178m², built sometime between 1983 and 1990. It was last sold for £295,000 in January 2011, which was around 2% below the average January 2011 detached price in the Rutland local authority area. The most recent EPC inspection was March 2010, where the current energy rating was C, and the potential energy rating was C.

2 CHAFFINCH CLOSE Sold Prices

Land registry data shows two sales for 2 CHAFFINCH CLOSE 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. One of the two 2 CHAFFINCH CLOSE sales was for below the average price, whilst the other was for above 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
2011 11 JAN	£295,000	£299,809	2% below HPI
1997 17 OCT	£123,000	£113,042	9% above HPI

2 CHAFFINCH 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 two 2 CHAFFINCH CLOSE sales from October 1997 and January 2011 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 October 1997 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the January 2011 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is 2 CHAFFINCH CLOSE?

2 CHAFFINCH CLOSE is 178m² according to the EPC inspection conducted in March 2010. This puts it in the largest 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 2 CHAFFINCH CLOSE lies on this distribution: 88% of detached houses are smaller than 2 CHAFFINCH CLOSE, and 12% of houses are larger. Note that EPC data is not available for all properties in Oakham.

2 CHAFFINCH CLOSE: Plot and Title Map

2 CHAFFINCH CLOSE sits on a plot of roughly 0.105 of an acre, or 426m². The below map shows the location of 2 CHAFFINCH 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 2 CHAFFINCH 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 2 CHAFFINCH CLOSE?

2 CHAFFINCH CLOSE is located in OAKHAM, in the LE15 postcode district. The below map shows the position of No. 2 on CHAFFINCH CLOSE.