2, SOUTH STREET, OAKHAM, LE15 6HY - £370,000

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 SOUTH STREET is a midsized detached house of 117m², built sometime between 1967 and 1975, which could now be worth an estimated £454,833. It was last sold for £370,000 in June 2019, which was around 7% below the average June 2019 detached price in the Rutland local authority area. The most recent EPC inspection was January 2019, where the current energy rating was E, and the potential energy rating was C.

2 SOUTH STREET Sold Prices

Land registry data shows four sales for 2 SOUTH STREET 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 SOUTH STREET 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 19 JUN	£370,000	£395,771	7% below HPI
2001 24 MAY	£124,000	£145,995	15% below HPI
2000 12 JUN	£60,000	£134,853	56% below HPI
1995 15 NOV	£82,500	£91,954	10% below HPI

2 SOUTH STREET 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 SOUTH STREET sales between November 1995 and June 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 May 2001 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the June 2019 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 2 SOUTH STREET be worth now?

2 SOUTH STREET might now be worth an estimated £454,833.

This is based on house price inflation of 22.9%, between June 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 22.9% inflationary increase is applied to the most recent sale price for 2 SOUTH STREET of £370,000 on 19th June 2019. For the value to have increased from £370,000 to £454,833 over the six years and four months to February 2025, the following assumptions must hold true:

• The value of 2 SOUTH STREET has moved in line with the HPI for detached houses in the Rutland local authority area.
• The June 2019 sale price of £370,000 represented a fair market value for the property.
• The size, condition, and specification of 2 SOUTH STREET has not materially changed since June 2019.

How Large is 2 SOUTH STREET?

2 SOUTH STREET is 117m² according to the EPC inspection conducted in January 2019. This puts it in the smallest 50% 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 SOUTH STREET lies on this distribution: 49% of detached houses houses are smaller than 2 SOUTH STREET, and 50% of houses are larger. Note that EPC data is not available for all properties in Oakham.

2 SOUTH STREET: Plot and Title Map

2 SOUTH STREET sits on a plot of roughly 29.7 acres, or 120,207m². The below map shows the location of 2 SOUTH STREET, 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 SOUTH STREET). 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 SOUTH STREET?

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