3, NIGHTINGALE WAY, OAKHAM, LE15 6ES - £193,000

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 NIGHTINGALE WAY is a very small extended detached house of 88m², built sometime between 1983 and 1990. It was last sold for £193,000 in May 2014, which was around 39% below the average May 2014 detached price in the Rutland local authority area. The most recent EPC inspection was March 2020, where the current energy rating was C, and the potential energy rating was B.

3 NIGHTINGALE WAY Sold Prices

Land registry data shows two sales for 3 NIGHTINGALE WAY 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 NIGHTINGALE WAY 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
2014 1 MAY	£193,000	£318,237	39% below HPI
2008 19 DEC	£149,500	£283,990	47% below HPI

3 NIGHTINGALE WAY 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 NIGHTINGALE WAY sales from December 2008 and May 2014 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 December 2008 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the May 2014 sale, where it rises to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is 3 NIGHTINGALE WAY?

3 NIGHTINGALE WAY is 88m², which includes two extensions, according to the EPC inspection conducted in March 2020. This puts it in the smallest 20% 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 NIGHTINGALE WAY lies on this distribution: 17% of detached houses are smaller than 3 NIGHTINGALE WAY, and 82% of houses are larger. Note that EPC data is not available for all properties in Oakham.

3 NIGHTINGALE WAY: Plot and Title Map

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

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