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

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 DERWENT DRIVE is a small detached house of 90m², built sometime between 1967 and 1975. It was last sold for £375,000 in December 2023, which was around 29% below the average December 2023 detached price in the Rutland local authority area. The most recent EPC inspection was July 2023, where the current energy rating was D, 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	£526,971	29% below HPI
2011 11 MAR	£240,321	£305,699	21% below HPI
2010 14 MAY	£217,500	£273,670	21% below HPI
1996 25 OCT	£67,995	£98,981	31% 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 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the December 2023 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 3 DERWENT DRIVE?

3 DERWENT DRIVE is 90m² according to the EPC inspection conducted in July 2023. This puts it in the smallest 30% 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 DERWENT DRIVE lies on this distribution: 20% of detached houses are smaller than 3 DERWENT DRIVE, and 78% 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 0.128 of an acre, or 517m². 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.