3, REDLAND CLOSE, BARROWDEN, OAKHAM, LE15 8ES - £315,000

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 REDLAND CLOSE is a large detached house of 171m², built sometime between 1967 and 1975, which could now be worth an estimated £474,792. It was last sold for £315,000 in August 2015, which was around 2% below the average August 2015 detached price in the Rutland local authority area. The most recent EPC inspection was May 2013, where the current energy rating was D, and the potential energy rating was B.

3 REDLAND CLOSE Sold Prices

Land registry data shows three sales for 3 REDLAND CLOSE 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. One of the three 3 REDLAND CLOSE sales was for below the average price, whilst two 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
2015 28 AUG	£315,000	£322,776	2% below HPI
2006 7 SEP	£330,000	£265,418	24% above HPI
1998 6 FEB	£122,000	£106,841	14% above HPI

3 REDLAND 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 three 3 REDLAND CLOSE sales between February 1998 and August 2015 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 September 2006 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the August 2015 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 3 REDLAND CLOSE be worth now?

3 REDLAND CLOSE might now be worth an estimated £474,792.

This is based on house price inflation of 50.7%, between August 2015 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 50.7% inflationary increase is applied to the most recent sale price for 3 REDLAND CLOSE of £315,000 on 28th August 2015. For the value to have increased from £315,000 to £474,792 over the ten years and six months to February 2025, the following assumptions must hold true:

• The value of 3 REDLAND CLOSE has moved in line with the HPI for detached houses in the Rutland local authority area.
• The August 2015 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of 3 REDLAND CLOSE has not materially changed since August 2015.

How Large is 3 REDLAND CLOSE?

3 REDLAND CLOSE is 171m² according to the EPC inspection conducted in May 2013. This puts it in the largest 40% of detached houses houses in Barrowden, based on EPC data. The below chart shows the distribution of detached houses houses by size in Barrowden, and where 3 REDLAND CLOSE lies on this distribution: 67% of detached houses houses are smaller than 3 REDLAND CLOSE, and 33% of houses are larger. Note that EPC data is not available for all properties in Barrowden.

3 REDLAND CLOSE: Plot and Title Map

3 REDLAND CLOSE sits on a plot of roughly 0.096 of an acre, or 389m². The below map shows the location of 3 REDLAND 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 REDLAND 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 REDLAND CLOSE?

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