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

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

29 SPEY DRIVE is a very small extended detached house of 88m², built sometime between 1976 and 1982. It was last sold for £330,000 in November 2022, which was around 34% 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	£498,196	34% below HPI
2007 18 MAY	£190,000	£304,591	38% 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 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the November 2022 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

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 in Oakham, based on EPC data. The below chart shows the distribution of detached houses by size in Oakham, and where 29 SPEY DRIVE lies on this distribution: 17% of detached 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 60.5 acres, or 244,795m². 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.