3, HECTORS WAY, OAKHAM, LE15 6JZ - £240,000

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 HECTORS WAY is a small detached house of 101m², built sometime between 2003 and 2006. It was last sold for £240,000 in February 2020, which was around 44% below the average February 2020 detached price in the Rutland local authority area. The most recent EPC inspection was March 2019, where the current energy rating was C, and the potential energy rating was B.

3 HECTORS WAY Sold Prices

Land registry data shows three sales for 3 HECTORS WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Rutland local authority area for the corresponding sale date. All of the three 3 HECTORS WAY 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
2020 7 FEB	£240,000	£425,550	44% below HPI
2008 27 OCT	£215,000	£273,400	21% below HPI
2005 8 APR	£211,000	£258,174	18% below HPI

3 HECTORS WAY 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 three 3 HECTORS WAY sales between April 2005 and February 2020 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 October 2008 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the February 2020 sale, where it falls to 44% below the HPI. The line then continues to track at 44% below the HPI.

How Large is 3 HECTORS WAY?

3 HECTORS WAY is 101m² according to the EPC inspection conducted in March 2019. This puts it in the smallest 40% 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 HECTORS WAY lies on this distribution: 32% of detached houses are smaller than 3 HECTORS WAY, and 67% of houses are larger. Note that EPC data is not available for all properties in Oakham.

3 HECTORS WAY: Plot and Title Map

3 HECTORS WAY sits on a plot of roughly 0.067 of an acre, or 270m². The below map shows the location of 3 HECTORS WAY, 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 HECTORS WAY). 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 HECTORS WAY?

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