2, RACECOURSE ROAD, BARLEYTHORPE, OAKHAM, LE15 7TF - £225,000

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 RACECOURSE ROAD is a small detached house of 91m², which could now be worth an estimated £343,072. It was last sold for £225,000 in October 2015, which was around 31% below the average October 2015 detached price in the Rutland local authority area. The most recent EPC inspection was May 2013, where the current energy rating was B, and the potential energy rating was B.

2 RACECOURSE ROAD Sold Prices

Land registry data shows two sales for 2 RACECOURSE ROAD 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 RACECOURSE 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
2015 28 OCT	£225,000	£326,424	31% below HPI
2013 26 JUL	£205,000	£290,693	29% below HPI

2 RACECOURSE 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 two 2 RACECOURSE ROAD sales from July 2013 and October 2015 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 July 2013 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the October 2015 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 2 RACECOURSE ROAD be worth now?

2 RACECOURSE ROAD might now be worth an estimated £343,072.

This is based on house price inflation of 52.5%, between October 2015 and December 2024, 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 52.5% inflationary increase is applied to the most recent sale price for 2 RACECOURSE ROAD of £225,000 on 28th October 2015. For the value to have increased from £225,000 to £343,072 over the eight years and ten months to December 2024, the following assumptions must hold true:

• The value of 2 RACECOURSE ROAD has moved in line with the HPI for detached houses in the Rutland local authority area.
• The October 2015 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 2 RACECOURSE ROAD has not materially changed since October 2015.

How Large is 2 RACECOURSE ROAD?

2 RACECOURSE ROAD is 91m² according to the EPC inspection conducted in May 2013. This puts it in the smallest 30% 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 RACECOURSE ROAD lies on this distribution: 22% of detached houses houses are smaller than 2 RACECOURSE ROAD, and 77% of houses are larger. Note that EPC data is not available for all properties in Oakham.

2 RACECOURSE ROAD: Plot and Title Map

2 RACECOURSE ROAD sits on a plot of roughly 0.054 of an acre, or 220m². The below map shows the location of 2 RACECOURSE 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 2 RACECOURSE 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 2 RACECOURSE ROAD?

2 RACECOURSE ROAD is located in BARLEYTHORPE, in the LE15 postcode district. The below map shows the position of No. 2 on RACECOURSE ROAD.