3, NORMANTON DRIVE, OAKHAM, LE15 6FG - £400,000

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 NORMANTON DRIVE is a small extended detached house of 90m², built sometime between 1996 and 2002. It was last sold for £400,000 in September 2022, which was around 20% below the average September 2022 detached price in the Rutland local authority area. The most recent EPC inspection was December 2016, where the current energy rating was C, and the potential energy rating was B.

3 NORMANTON DRIVE Sold Prices

Land registry data shows three sales for 3 NORMANTON DRIVE 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 NORMANTON DRIVE 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
2022 23 SEP	£400,000	£499,658	20% below HPI
2017 24 MAR	£288,500	£367,945	22% below HPI
1999 16 APR	£89,950	£115,118	22% below HPI

3 NORMANTON DRIVE 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 NORMANTON DRIVE sales between April 1999 and September 2022 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 March 2017 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the September 2022 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 3 NORMANTON DRIVE?

3 NORMANTON DRIVE is 90m², which includes one extension, according to the EPC inspection conducted in December 2016. This puts it in the smallest 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 NORMANTON DRIVE lies on this distribution: 20% of detached houses are smaller than 3 NORMANTON DRIVE, and 78% of houses are larger. Note that EPC data is not available for all properties in Oakham.

3 NORMANTON DRIVE: Plot and Title Map

3 NORMANTON DRIVE sits on a plot of roughly 0.083 of an acre, or 336m². The below map shows the location of 3 NORMANTON DRIVE, 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 NORMANTON DRIVE). 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 NORMANTON DRIVE?

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