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

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

24 GLEBE WAY is a very small extended detached house of 83m², built sometime between 1967 and 1975. It was last sold for £225,000 in June 2016, which was around 34% 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	£341,237	34% below HPI
2003 2 MAY	£151,000	£214,065	29% below HPI
2002 16 AUG	£132,000	£206,127	36% below HPI
1999 27 MAY	£80,000	£118,808	33% 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 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the June 2016 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

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 in Oakham, based on EPC data. The below chart shows the distribution of detached houses by size in Oakham, and where 24 GLEBE WAY lies on this distribution: 12% of detached 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.