2, WALNUT CLOSE, EMPINGHAM, OAKHAM, LE15 8QJ - £185,000

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 WALNUT CLOSE is a very small detached house of 67m², built sometime between 1996 and 2002, which could now be worth an estimated £326,488. It was last sold for £185,000 in June 2013, which was around 33% below the average June 2013 detached price in the Rutland local authority area. The most recent EPC inspection was December 2010, where the current energy rating was D, and the potential energy rating was C.

2 WALNUT CLOSE Sold Prices

Land registry data shows four sales for 2 WALNUT CLOSE 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 WALNUT CLOSE 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
2013 14 JUN	£185,000	£275,676	33% below HPI
2006 27 OCT	£200,000	£264,475	24% below HPI
2002 16 OCT	£120,000	£191,766	37% below HPI
1997 18 FEB	£65,000	£94,543	31% below HPI

2 WALNUT CLOSE 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 WALNUT CLOSE sales between February 1997 and June 2013 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 2006 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the June 2013 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 2 WALNUT CLOSE be worth now?

2 WALNUT CLOSE might now be worth an estimated £326,488.

This is based on house price inflation of 76.5%, between June 2013 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 76.5% inflationary increase is applied to the most recent sale price for 2 WALNUT CLOSE of £185,000 on 14th June 2013. For the value to have increased from £185,000 to £326,488 over the twelve years and four months to February 2025, the following assumptions must hold true:

• The value of 2 WALNUT CLOSE has moved in line with the HPI for detached houses in the Rutland local authority area.
• The June 2013 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 2 WALNUT CLOSE has not materially changed since June 2013.

How Large is 2 WALNUT CLOSE?

2 WALNUT CLOSE is 67m² according to the EPC inspection conducted in December 2010. This puts it in the smallest 10% of detached houses houses in Empingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Empingham, and where 2 WALNUT CLOSE lies on this distribution: 3% of detached houses houses are smaller than 2 WALNUT CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Empingham.

2 WALNUT CLOSE: Plot and Title Map

2 WALNUT CLOSE sits on a plot of roughly 0.078 of an acre, or 315m². The below map shows the location of 2 WALNUT CLOSE, 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 WALNUT CLOSE). 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 WALNUT CLOSE?

2 WALNUT CLOSE is located in EMPINGHAM, in the LE15 postcode district. The below map shows the position of No. 2 on WALNUT CLOSE.