3, MARTINSLEY PLACE, OAKHAM, LE15 6JH - £675,000

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 MARTINSLEY PLACE is a very large detached house of 172m², which could now be worth an estimated £713,014. It was last sold for £675,000 in March 2023, which was around 47% above the average March 2023 detached price in the Rutland local authority area. The most recent EPC inspection was April 2016, where the current energy rating was B, and the potential energy rating was A.

3 MARTINSLEY PLACE Sold Prices

Land registry data shows two sales for 3 MARTINSLEY PLACE 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 MARTINSLEY PLACE 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
2023 9 MAR	£675,000	£460,575	47% above HPI
2016 4 MAY	£535,000	£323,899	65% above HPI

3 MARTINSLEY PLACE 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 MARTINSLEY PLACE sales from May 2016 and March 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 May 2016 sale was for 65% above the HPI. So the extrapolation line tracks at 65% above the HPI over time, until the March 2023 sale, where it falls to 47% above the HPI. The line then continues to track at 47% above the HPI.

What might 3 MARTINSLEY PLACE be worth now?

3 MARTINSLEY PLACE might now be worth an estimated £713,014.

This is based on house price inflation of 5.6%, between March 2023 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 5.6% inflationary increase is applied to the most recent sale price for 3 MARTINSLEY PLACE of £675,000 on 9th March 2023. For the value to have increased from £675,000 to £713,014 over the two years and one month to February 2025, the following assumptions must hold true:

• The value of 3 MARTINSLEY PLACE has moved in line with the HPI for detached houses in the Rutland local authority area.
• The March 2023 sale price of £675,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MARTINSLEY PLACE has not materially changed since March 2023.

How Large is 3 MARTINSLEY PLACE?

3 MARTINSLEY PLACE is 172m² according to the EPC inspection conducted in April 2016. This puts it in the largest 20% 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 MARTINSLEY PLACE lies on this distribution: 85% of detached houses houses are smaller than 3 MARTINSLEY PLACE, and 14% of houses are larger. Note that EPC data is not available for all properties in Oakham.

3 MARTINSLEY PLACE: Plot and Title Map

3 MARTINSLEY PLACE sits on a plot of roughly 0.158 of an acre, or 640m². The below map shows the location of 3 MARTINSLEY PLACE, 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 MARTINSLEY PLACE). 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 MARTINSLEY PLACE?

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