3, MENDIP ROAD, OAKHAM, LE15 6NN - £165,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

3 MENDIP ROAD is a very small detached house of 75m², built sometime between 1967 and 1975, which could now be worth an estimated £283,318. It was last sold for £165,000 in August 2013, which was around 42% below the average August 2013 detached price in the Rutland local authority area. The most recent EPC inspection was April 2013, where the current energy rating was D, and the potential energy rating was B.

3 MENDIP ROAD Sold Prices

Land registry data shows three sales for 3 MENDIP ROAD 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 MENDIP ROAD 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
2013 16 AUG	£165,000	£283,338	42% below HPI
2011 24 JUN	£145,000	£277,928	48% below HPI
2003 3 NOV	£137,500	£225,963	39% below HPI

3 MENDIP ROAD 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 MENDIP ROAD sales between November 2003 and August 2013 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 June 2011 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the August 2013 sale, where it rises to 42% below the HPI. The line then continues to track at 42% below the HPI.

What might 3 MENDIP ROAD be worth now?

3 MENDIP ROAD might now be worth an estimated £283,318.

This is based on house price inflation of 71.7%, between August 2013 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 71.7% inflationary increase is applied to the most recent sale price for 3 MENDIP ROAD of £165,000 on 16th August 2013. For the value to have increased from £165,000 to £283,318 over the twelve years and six months to February 2025, the following assumptions must hold true:

• The value of 3 MENDIP ROAD has moved in line with the HPI for detached houses in the Rutland local authority area.
• The August 2013 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MENDIP ROAD has not materially changed since August 2013.

How Large is 3 MENDIP ROAD?

3 MENDIP ROAD is 75m² according to the EPC inspection conducted in April 2013. This puts it in the smallest 10% 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 MENDIP ROAD lies on this distribution: 7% of detached houses houses are smaller than 3 MENDIP ROAD, and 93% of houses are larger. Note that EPC data is not available for all properties in Oakham.

3 MENDIP ROAD: Plot and Title Map

3 MENDIP ROAD sits on a plot of roughly 28.7 acres, or 116,210m². The below map shows the location of 3 MENDIP ROAD, 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 MENDIP ROAD). 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 MENDIP ROAD?

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