2, DERWENT DRIVE, OAKHAM, LE15 6SA - £345,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 DERWENT DRIVE is a small extended detached house of 102m², built sometime between 1950 and 1966, which could now be worth an estimated £410,775. It was last sold for £345,000 in December 2020, which was around 16% below the average December 2020 detached price in the Rutland local authority area. The most recent EPC inspection was June 2020, where the current energy rating was D, and the potential energy rating was C.

2 DERWENT DRIVE Sold Prices

Land registry data shows two sales for 2 DERWENT DRIVE 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 2 DERWENT DRIVE 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
2020 4 DEC	£345,000	£408,611	16% below HPI
2018 16 OCT	£189,000	£400,235	53% below HPI

2 DERWENT DRIVE 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 DERWENT DRIVE sales from October 2018 and December 2020 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 2018 sale was for 53% below the HPI. So the extrapolation line tracks at 53% below the HPI over time, until the December 2020 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 2 DERWENT DRIVE be worth now?

2 DERWENT DRIVE might now be worth an estimated £410,775.

This is based on house price inflation of 19.1%, between December 2020 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 19.1% inflationary increase is applied to the most recent sale price for 2 DERWENT DRIVE of £345,000 on 4th December 2020. For the value to have increased from £345,000 to £410,775 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of 2 DERWENT DRIVE has moved in line with the HPI for detached houses in the Rutland local authority area.
• The December 2020 sale price of £345,000 represented a fair market value for the property.
• The size, condition, and specification of 2 DERWENT DRIVE has not materially changed since December 2020.

How Large is 2 DERWENT DRIVE?

2 DERWENT DRIVE is 102m², which includes one extension, according to the EPC inspection conducted in June 2020. This puts it in the smallest 40% 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 2 DERWENT DRIVE lies on this distribution: 34% of detached houses houses are smaller than 2 DERWENT DRIVE, and 65% of houses are larger. Note that EPC data is not available for all properties in Oakham.

2 DERWENT DRIVE: Plot and Title Map

2 DERWENT DRIVE sits on a plot of roughly 0.188 of an acre, or 762m². The below map shows the location of 2 DERWENT DRIVE, 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 DERWENT DRIVE). 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 DERWENT DRIVE?

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