2, THE LEAS, COTTESMORE, OAKHAM, LE15 7DG - £365,000

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 THE LEAS is a large detached house of 129m², built sometime between 1996 and 2002, which could now be worth an estimated £502,040. It was last sold for £365,000 in May 2017, which was around 3% above the average May 2017 detached price in the Rutland local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was C.

2 THE LEAS Sold Prices

Land registry data shows two sales for 2 THE LEAS 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 THE LEAS sales were 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
2017 4 MAY	£365,000	£353,711	3% above HPI
2002 1 MAY	£215,000	£165,930	30% above HPI

2 THE LEAS 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 THE LEAS sales from May 2002 and May 2017 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 2002 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the May 2017 sale, where it falls to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might 2 THE LEAS be worth now?

2 THE LEAS might now be worth an estimated £502,040.

This is based on house price inflation of 37.5%, between May 2017 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 37.5% inflationary increase is applied to the most recent sale price for 2 THE LEAS of £365,000 on 4th May 2017. For the value to have increased from £365,000 to £502,040 over the eight years and three months to February 2025, the following assumptions must hold true:

• The value of 2 THE LEAS has moved in line with the HPI for detached houses in the Rutland local authority area.
• The May 2017 sale price of £365,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THE LEAS has not materially changed since May 2017.

How Large is 2 THE LEAS?

2 THE LEAS is 129m² according to the EPC inspection conducted in July 2016. This puts it in the largest 40% of detached houses houses in Cottesmore, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cottesmore, and where 2 THE LEAS lies on this distribution: 65% of detached houses houses are smaller than 2 THE LEAS, and 34% of houses are larger. Note that EPC data is not available for all properties in Cottesmore.

2 THE LEAS: Plot and Title Map

2 THE LEAS sits on a plot of roughly 0.063 of an acre, or 253m². The below map shows the location of 2 THE LEAS, 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 THE LEAS). 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 THE LEAS?

2 THE LEAS is located in COTTESMORE, in the LE15 postcode district. The below map shows the position of No. 2 on THE LEAS.