24, GLEBE WAY, OAKHAM, LE15 6LX - £225,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

24 GLEBE WAY is a very small extended detached house of 83m², built sometime between 1967 and 1975, which could now be worth an estimated £346,394. It was last sold for £225,000 in June 2016, which was around 30% below the average June 2016 detached price in the Rutland local authority area. The most recent EPC inspection was January 2015, where the current energy rating was C, and the potential energy rating was B.

24 GLEBE WAY Sold Prices

Land registry data shows four sales for 24 GLEBE WAY 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 24 GLEBE WAY 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
2016 20 JUN	£225,000	£323,293	30% below HPI
2003 2 MAY	£151,000	£202,809	26% below HPI
2002 16 AUG	£132,000	£195,288	32% below HPI
1999 27 MAY	£80,000	£112,560	29% below HPI

24 GLEBE WAY 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 24 GLEBE WAY sales between May 1999 and June 2016 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 2003 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the June 2016 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 24 GLEBE WAY be worth now?

24 GLEBE WAY might now be worth an estimated £346,394.

This is based on house price inflation of 54%, between June 2016 and December 2024, 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 54% inflationary increase is applied to the most recent sale price for 24 GLEBE WAY of £225,000 on 20th June 2016. For the value to have increased from £225,000 to £346,394 over the seven years and six months to December 2024, the following assumptions must hold true:

• The value of 24 GLEBE WAY has moved in line with the HPI for detached houses in the Rutland local authority area.
• The June 2016 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 24 GLEBE WAY has not materially changed since June 2016.

How Large is 24 GLEBE WAY?

24 GLEBE WAY is 83m², which includes one extension, according to the EPC inspection conducted in January 2015. This puts it in the smallest 20% 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 24 GLEBE WAY lies on this distribution: 12% of detached houses houses are smaller than 24 GLEBE WAY, and 87% of houses are larger. Note that EPC data is not available for all properties in Oakham.

24 GLEBE WAY: Plot and Title Map

24 GLEBE WAY sits on a plot of roughly 0.100 of an acre, or 404m². The below map shows the location of 24 GLEBE WAY, 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 24 GLEBE WAY). 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 24 GLEBE WAY?

24 GLEBE WAY is located in OAKHAM, in the LE15 postcode district. The below map shows the position of No. 24 on GLEBE WAY.