27, SPRINGFIELD WAY, OAKHAM, LE15 6QA - £193,000

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

27 SPRINGFIELD WAY is a small extended detached house of 97m², built sometime between 1991 and 1995, which could now be worth an estimated £340,606. It was last sold for £193,000 in June 2013, which was around 30% below the average June 2013 detached price in the Rutland local authority area. The most recent EPC inspection was November 2024, where the current energy rating was C, and the potential energy rating was B.

27 SPRINGFIELD WAY Sold Prices

Land registry data shows three sales for 27 SPRINGFIELD WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Rutland local authority area for the corresponding sale date. All of the three 27 SPRINGFIELD 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
2013 3 JUN	£193,000	£275,676	30% below HPI
2002 10 MAY	£137,000	£165,930	17% below HPI
1995 27 OCT	£76,000	£90,930	16% below HPI

27 SPRINGFIELD 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 three 27 SPRINGFIELD WAY sales between October 1995 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 May 2002 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the June 2013 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 27 SPRINGFIELD WAY be worth now?

27 SPRINGFIELD WAY might now be worth an estimated £340,606.

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 27 SPRINGFIELD WAY of £193,000 on 3rd June 2013. For the value to have increased from £193,000 to £340,606 over the twelve years and four months to February 2025, the following assumptions must hold true:

• The value of 27 SPRINGFIELD WAY has moved in line with the HPI for detached houses in the Rutland local authority area.
• The June 2013 sale price of £193,000 represented a fair market value for the property.
• The size, condition, and specification of 27 SPRINGFIELD WAY has not materially changed since June 2013.

How Large is 27 SPRINGFIELD WAY?

27 SPRINGFIELD WAY is 97m², which includes three extensions, according to the EPC inspection conducted in November 2024. This puts it in the smallest 30% 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 27 SPRINGFIELD WAY lies on this distribution: 28% of detached houses houses are smaller than 27 SPRINGFIELD WAY, and 71% of houses are larger. Note that EPC data is not available for all properties in Oakham.

27 SPRINGFIELD WAY: Plot and Title Map

27 SPRINGFIELD WAY sits on a plot of roughly 0.069 of an acre, or 281m². The below map shows the location of 27 SPRINGFIELD 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 27 SPRINGFIELD 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 27 SPRINGFIELD WAY?

27 SPRINGFIELD WAY is located in OAKHAM, in the LE15 postcode district. The below map shows the position of No. 27 on SPRINGFIELD WAY.