23, BACK LANE, SOUTH LUFFENHAM, OAKHAM, LE15 8NQ - £500,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

23 BACK LANE is a small detached house of 139m², built sometime between 1991 and 1995. It was last sold for £500,000 in October 2018, which was around 18% above the average October 2018 detached price in the Rutland local authority area. The most recent EPC inspection was June 2018, where the current energy rating was D, and the potential energy rating was C.

23 BACK LANE Sold Prices

Land registry data shows two sales for 23 BACK LANE 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 23 BACK LANE 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
2018 22 OCT	£500,000	£422,449	18% above HPI
1999 17 MAY	£153,000	£118,808	29% above HPI

23 BACK LANE 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 23 BACK LANE sales from May 1999 and October 2018 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 1999 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the October 2018 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

How Large is 23 BACK LANE?

23 BACK LANE is 139m² according to the EPC inspection conducted in June 2018. This puts it in the smallest 40% of detached houses in South Luffenham, based on EPC data. The below chart shows the distribution of detached houses by size in South Luffenham, and where 23 BACK LANE lies on this distribution: 31% of detached houses are smaller than 23 BACK LANE, and 69% of houses are larger. Note that EPC data is not available for all properties in South Luffenham.

23 BACK LANE: Plot and Title Map

23 BACK LANE sits on a plot of roughly 0.222 of an acre, or 900m². The below map shows the location of 23 BACK LANE, 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 23 BACK LANE). 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 23 BACK LANE?

23 BACK LANE is located in SOUTH LUFFENHAM, in the LE15 postcode district. The below map shows the position of No. 23 on BACK LANE.