3, SUTHERN CLOSE, OAKHAM, LE15 6FX - £450,000

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 SUTHERN CLOSE is a midsized detached house of 110m², built sometime between 1991 and 1995. It was last sold for £450,000 in January 2022, which was around 3% below the average January 2022 detached price in the Rutland local authority area. The most recent EPC inspection was August 2016, where the current energy rating was E, and the potential energy rating was C.

3 SUTHERN CLOSE Sold Prices

Land registry data shows four sales for 3 SUTHERN CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Rutland local authority area for the corresponding sale date. Most of the four 3 SUTHERN CLOSE 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 21 JAN	£450,000	£465,279	3% below HPI
2012 14 NOV	£264,000	£294,978	11% below HPI
2007 2 JUL	£292,000	£303,169	4% below HPI
1999 5 NOV	£126,950	£123,700	3% above HPI

3 SUTHERN 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 four 3 SUTHERN CLOSE sales between November 1999 and January 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 November 2012 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the January 2022 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 3 SUTHERN CLOSE?

3 SUTHERN CLOSE is 110m² according to the EPC inspection conducted in August 2016. This puts it in the smallest 50% 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 SUTHERN CLOSE lies on this distribution: 42% of detached houses are smaller than 3 SUTHERN CLOSE, and 58% of houses are larger. Note that EPC data is not available for all properties in Oakham.

3 SUTHERN CLOSE: Plot and Title Map

3 SUTHERN CLOSE sits on a plot of roughly 0.105 of an acre, or 424m². The below map shows the location of 3 SUTHERN 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 SUTHERN 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 SUTHERN CLOSE?

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