3, DEE CLOSE, OAKHAM, LE15 6JT - £395,000

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

3 DEE CLOSE is a midsized extended detached house of 115m², built sometime between 1967 and 1975. It was last sold for £395,000 in May 2024, which was around 17% below the average May 2024 detached price in the Rutland local authority area. The most recent EPC inspection was January 2024, where the current energy rating was C, and the potential energy rating was B.

3 DEE CLOSE Sold Prices

Land registry data shows two sales for 3 DEE CLOSE 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 3 DEE CLOSE 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
2024 17 MAY	£395,000	£477,558	17% below HPI
1997 1 AUG	£85,000	£105,006	19% below HPI

3 DEE CLOSE 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 3 DEE CLOSE sales from August 1997 and May 2024 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 August 1997 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the May 2024 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 3 DEE CLOSE?

3 DEE CLOSE is 115m², which includes one extension, according to the EPC inspection conducted in January 2024. This puts it in the smallest 50% of detached houses in Oakham, based on EPC data. The below chart shows the distribution of detached houses by size in Oakham, and where 3 DEE CLOSE lies on this distribution: 48% of detached houses are smaller than 3 DEE CLOSE, and 52% of houses are larger. Note that EPC data is not available for all properties in Oakham.

3 DEE CLOSE: Plot and Title Map

3 DEE CLOSE sits on a plot of roughly 57.3 acres, or 232,001m². The below map shows the location of 3 DEE CLOSE, 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 3 DEE CLOSE). 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 3 DEE CLOSE?

3 DEE CLOSE is located in OAKHAM, in the LE15 postcode district. The below map shows the position of No. 3 on DEE CLOSE.