2, REDLAND ROAD, OAKHAM, LE15 6PJ - £300,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 REDLAND ROAD is a small detached house of 92m², built sometime between 1950 and 1966, which could now be worth an estimated £349,838. It was last sold for £300,000 in December 2019, which was around 28% below the average December 2019 detached price in the Rutland local authority area. The most recent EPC inspection was October 2013, where the current energy rating was E, and the potential energy rating was B.

2 REDLAND ROAD Sold Prices

Land registry data shows four sales for 2 REDLAND ROAD 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 2 REDLAND 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
2019 18 DEC	£300,000	£417,204	28% below HPI
2015 24 JUL	£190,000	£308,857	38% below HPI
1999 4 MAY	£81,000	£112,560	28% below HPI
1995 30 MAR	£50,000	£84,041	41% below HPI

2 REDLAND 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 four 2 REDLAND ROAD sales between March 1995 and December 2019 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 2015 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the December 2019 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 2 REDLAND ROAD be worth now?

2 REDLAND ROAD might now be worth an estimated £349,838.

This is based on house price inflation of 16.6%, between December 2019 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 16.6% inflationary increase is applied to the most recent sale price for 2 REDLAND ROAD of £300,000 on 18th December 2019. For the value to have increased from £300,000 to £349,838 over the six years and ten months to February 2025, the following assumptions must hold true:

• The value of 2 REDLAND ROAD has moved in line with the HPI for detached houses in the Rutland local authority area.
• The December 2019 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 2 REDLAND ROAD has not materially changed since December 2019.

How Large is 2 REDLAND ROAD?

2 REDLAND ROAD is 92m² according to the EPC inspection conducted in October 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 REDLAND ROAD lies on this distribution: 23% of detached houses houses are smaller than 2 REDLAND ROAD, and 76% of houses are larger. Note that EPC data is not available for all properties in Oakham.

2 REDLAND ROAD: Plot and Title Map

2 REDLAND ROAD sits on a plot of roughly 64.6 acres, or 261,512m². The below map shows the location of 2 REDLAND 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 REDLAND 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 REDLAND ROAD?

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