3, JOHN CLARE CLOSE, OAKHAM, LE15 6GH - £345,000

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 JOHN CLARE CLOSE is a midsized detached house of 110m², built sometime between 2007 and 2011. It was last sold for £345,000 in August 2023, which was around 38% below the average August 2023 detached price in the Rutland local authority area. The most recent EPC inspection was April 2023, where the current energy rating was C, and the potential energy rating was B.

3 JOHN CLARE CLOSE Sold Prices

Land registry data shows three sales for 3 JOHN CLARE CLOSE 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 JOHN CLARE 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
2023 18 AUG	£345,000	£557,117	38% below HPI
2016 4 JUL	£245,000	£347,142	29% below HPI
2013 23 MAY	£240,000	£290,590	17% below HPI

3 JOHN CLARE 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 three 3 JOHN CLARE CLOSE sales between May 2013 and August 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 July 2016 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the August 2023 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 3 JOHN CLARE CLOSE?

3 JOHN CLARE CLOSE is 110m² according to the EPC inspection conducted in April 2023. This puts it in the smallest 50% 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 JOHN CLARE CLOSE lies on this distribution: 42% of detached houses are smaller than 3 JOHN CLARE CLOSE, and 58% of houses are larger. Note that EPC data is not available for all properties in Oakham.

3 JOHN CLARE CLOSE: Plot and Title Map

3 JOHN CLARE CLOSE sits on a plot of roughly 0.054 of an acre, or 220m². The below map shows the location of 3 JOHN CLARE 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 JOHN CLARE 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 JOHN CLARE CLOSE?

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