3, MARTIN CLOSE, OAKHAM, LE15 6HB - £450,000

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 MARTIN CLOSE is a large extended detached house of 147m², built sometime between 1991 and 1995. It was last sold for £450,000 in November 2020, which was around 1% above the average November 2020 detached price in the Rutland local authority area. The most recent EPC inspection was June 2020, where the current energy rating was D, and the potential energy rating was C.

3 MARTIN CLOSE Sold Prices

Land registry data shows two sales for 3 MARTIN 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 MARTIN 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
2020 13 NOV	£450,000	£446,589	1% above HPI
2009 27 NOV	£297,500	£283,415	5% above HPI

3 MARTIN 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 MARTIN CLOSE sales from November 2009 and November 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 November 2009 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the November 2020 sale, where it falls to 1% above the HPI. The line then continues to track at 1% above the HPI.

How Large is 3 MARTIN CLOSE?

3 MARTIN CLOSE is 147m², which includes two extensions, according to the EPC inspection conducted in June 2020. This puts it in the largest 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 MARTIN CLOSE lies on this distribution: 74% of detached houses are smaller than 3 MARTIN CLOSE, and 25% of houses are larger. Note that EPC data is not available for all properties in Oakham.

3 MARTIN CLOSE: Plot and Title Map

3 MARTIN CLOSE sits on a plot of roughly 44.9 acres, or 181,666m². The below map shows the location of 3 MARTIN 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 MARTIN 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 MARTIN CLOSE?

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