27, THE LEAS, COTTESMORE, OAKHAM, LE15 7DG - £495,000

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

27 THE LEAS is a very large extended detached house of 156m², built sometime between 1900 and 1929. It was last sold for £495,000 in November 2014, which was around 50% above the average November 2014 detached price in the Rutland local authority area. The most recent EPC inspection was January 2023, where the current energy rating was D, and the potential energy rating was B.

27 THE LEAS Sold Prices

Land registry data shows two sales for 27 THE LEAS 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 27 THE LEAS 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
2014 26 NOV	£495,000	£330,220	50% above HPI
2004 20 OCT	£450,000	£267,817	68% above HPI

27 THE LEAS 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 27 THE LEAS sales from October 2004 and November 2014 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 2004 sale was for 68% above the HPI. So the extrapolation line tracks at 68% above the HPI over time, until the November 2014 sale, where it falls to 50% above the HPI. The line then continues to track at 50% above the HPI.

How Large is 27 THE LEAS?

27 THE LEAS is 156m², which includes two extensions, according to the EPC inspection conducted in January 2023. This puts it in the largest 20% of detached houses in Cottesmore, based on EPC data. The below chart shows the distribution of detached houses by size in Cottesmore, and where 27 THE LEAS lies on this distribution: 85% of detached houses are smaller than 27 THE LEAS, and 15% of houses are larger. Note that EPC data is not available for all properties in Cottesmore.

27 THE LEAS: Plot and Title Map

27 THE LEAS sits on a plot of roughly 0.300 of an acre, or 1,213m². The below map shows the location of 27 THE LEAS, 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 THE LEAS). 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 THE LEAS?

27 THE LEAS is located in COTTESMORE, in the LE15 postcode district. The below map shows the position of No. 27 on THE LEAS.