3, DERWENT DRIVE, OAKHAM, LE15 6RZ - £375,000

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.

3 DERWENT DRIVE is a midsized extended detached house of 112m², built sometime between 1950 and 1966, which could now be worth an estimated £366,102. It was last sold for £375,000 in December 2023, which was around 25% below the average December 2023 detached price in the Rutland local authority area. The most recent EPC inspection was January 2025, where the current energy rating was C, and the potential energy rating was B.

3 DERWENT DRIVE Sold Prices

Land registry data shows four sales for 3 DERWENT DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Rutland local authority area for the corresponding sale date. All of the four 3 DERWENT 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
2023 6 DEC	£375,000	£498,338	25% below HPI
2011 11 MAR	£240,321	£289,624	17% below HPI
2010 14 MAY	£217,500	£259,280	16% below HPI
1996 25 OCT	£67,995	£93,776	27% below HPI

3 DERWENT 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 four 3 DERWENT DRIVE sales between October 1996 and December 2023 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 March 2011 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the December 2023 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 3 DERWENT DRIVE be worth now?

3 DERWENT DRIVE might now be worth an estimated £366,102.

This is based on house price deflation of 2.4%, between December 2023 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 2.4% deflationary decrease is applied to the most recent sale price for 3 DERWENT DRIVE of £375,000 on 6th December 2023. For the value to have decreased from £375,000 to £366,102 over the two years and ten months to February 2025, the following assumptions must hold true:

• The value of 3 DERWENT DRIVE has moved in line with the HPI for detached houses in the Rutland local authority area.
• The December 2023 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of 3 DERWENT DRIVE has not materially changed since December 2023.

How Large is 3 DERWENT DRIVE?

3 DERWENT DRIVE is 112m², which includes one extension, according to the EPC inspection conducted in January 2025. This puts it in the smallest 50% 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 3 DERWENT DRIVE lies on this distribution: 45% of detached houses houses are smaller than 3 DERWENT DRIVE, and 55% of houses are larger. Note that EPC data is not available for all properties in Oakham.

3 DERWENT DRIVE: Plot and Title Map

3 DERWENT DRIVE sits on a plot of roughly 60.4 acres, or 244,361m². The below map shows the location of 3 DERWENT 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 3 DERWENT 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 3 DERWENT DRIVE?

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