3, JAY CLOSE, OAKHAM, LE15 6BJ - £237,500

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 JAY CLOSE is a midsized extended detached house of 113m², built sometime between 1996 and 2002, which could now be worth an estimated £448,510. It was last sold for £237,500 in April 2006, which was around 8% below the average April 2006 detached price in the Rutland local authority area. The most recent EPC inspection was August 2024, where the current energy rating was C, and the potential energy rating was B.

3 JAY CLOSE Sold Prices

Land registry data shows two sales for 3 JAY 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 JAY 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
2006 10 APR	£237,500	£257,624	8% below HPI
2000 29 SEP	£114,500	£145,846	21% below HPI

3 JAY 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 JAY CLOSE sales from September 2000 and April 2006 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 September 2000 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the April 2006 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 3 JAY CLOSE be worth now?

3 JAY CLOSE might now be worth an estimated £448,510.

This is based on house price inflation of 88.8%, between April 2006 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 88.8% inflationary increase is applied to the most recent sale price for 3 JAY CLOSE of £237,500 on 10th April 2006. For the value to have increased from £237,500 to £448,510 over the nineteen years and two months to February 2025, the following assumptions must hold true:

• The value of 3 JAY CLOSE has moved in line with the HPI for detached houses in the Rutland local authority area.
• The April 2006 sale price of £237,500 represented a fair market value for the property.
• The size, condition, and specification of 3 JAY CLOSE has not materially changed since April 2006.

How Large is 3 JAY CLOSE?

3 JAY CLOSE is 113m², which includes one extension, according to the EPC inspection conducted in August 2024. 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 JAY CLOSE lies on this distribution: 45% of detached houses houses are smaller than 3 JAY CLOSE, and 54% of houses are larger. Note that EPC data is not available for all properties in Oakham.

3 JAY CLOSE: Plot and Title Map

3 JAY CLOSE sits on a plot of roughly 0.082 of an acre, or 333m². The below map shows the location of 3 JAY 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 JAY 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 JAY CLOSE?

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