3, HALL CLOSE, EMPINGHAM, OAKHAM, LE15 8PE - £470,000

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 HALL CLOSE is a very small extended detached house of 114m², built sometime before 1900. It was last sold for £470,000 in November 2022, which was around 6% below the average November 2022 detached price in the Rutland local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was C.

3 HALL CLOSE Sold Prices

Land registry data shows five sales for 3 HALL CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Rutland local authority area for the corresponding sale date. Most of the five 3 HALL CLOSE sales were for above 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 10 NOV	£470,000	£498,196	6% below HPI
2019 26 FEB	£355,000	£411,230	14% below HPI
2008 16 JUL	£325,000	£318,730	2% above HPI
2001 18 MAY	£167,000	£154,098	8% above HPI
1997 18 DEC	£132,500	£112,817	17% above HPI

3 HALL 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 five 3 HALL CLOSE sales between December 1997 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 February 2019 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the November 2022 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 3 HALL CLOSE?

3 HALL CLOSE is 114m², which includes two extensions, according to the EPC inspection conducted in April 2015. This puts it in the smallest 20% of detached houses in Empingham, based on EPC data. The below chart shows the distribution of detached houses by size in Empingham, and where 3 HALL CLOSE lies on this distribution: 19% of detached houses are smaller than 3 HALL CLOSE, and 81% of houses are larger. Note that EPC data is not available for all properties in Empingham.

3 HALL CLOSE: Plot and Title Map

3 HALL CLOSE sits on a plot of roughly 0.045 of an acre, or 184m². The below map shows the location of 3 HALL 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 HALL 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 HALL CLOSE?

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