29, SPEY DRIVE, OAKHAM, LE15 6JP - £330,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

29 SPEY DRIVE is a very small extended detached house of 88m², built sometime between 1976 and 1982, which could now be worth an estimated £340,148. It was last sold for £330,000 in November 2022, which was around 30% below the average November 2022 detached price in the Rutland local authority area. The most recent EPC inspection was September 2021, where the current energy rating was E, and the potential energy rating was B.

29 SPEY DRIVE Sold Prices

Land registry data shows two sales for 29 SPEY DRIVE 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 29 SPEY DRIVE 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
2022 7 NOV	£330,000	£471,999	30% below HPI
2007 18 MAY	£190,000	£288,575	34% below HPI

29 SPEY DRIVE 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 29 SPEY DRIVE sales from May 2007 and November 2022 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 2007 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the November 2022 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 29 SPEY DRIVE be worth now?

29 SPEY DRIVE might now be worth an estimated £340,148.

This is based on house price inflation of 3.1%, between November 2022 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 3.1% inflationary increase is applied to the most recent sale price for 29 SPEY DRIVE of £330,000 on 7th November 2022. For the value to have increased from £330,000 to £340,148 over the three years and nine months to February 2025, the following assumptions must hold true:

• The value of 29 SPEY DRIVE has moved in line with the HPI for detached houses in the Rutland local authority area.
• The November 2022 sale price of £330,000 represented a fair market value for the property.
• The size, condition, and specification of 29 SPEY DRIVE has not materially changed since November 2022.

How Large is 29 SPEY DRIVE?

29 SPEY DRIVE is 88m², which includes one extension, according to the EPC inspection conducted in September 2021. 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 29 SPEY DRIVE lies on this distribution: 17% of detached houses houses are smaller than 29 SPEY DRIVE, and 82% of houses are larger. Note that EPC data is not available for all properties in Oakham.

29 SPEY DRIVE: Plot and Title Map

29 SPEY DRIVE sits on a plot of roughly 60.4 acres, or 244,361m². The below map shows the location of 29 SPEY DRIVE, 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 29 SPEY DRIVE). 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 29 SPEY DRIVE?

29 SPEY DRIVE is located in OAKHAM, in the LE15 postcode district. The below map shows the position of No. 29 on SPEY DRIVE.