3, THE SPINNEY, COTTESMORE, OAKHAM, LE15 7BP - £475,000

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 THE SPINNEY is a very large detached house of 202m², built sometime between 1996 and 2002, which could now be worth an estimated £690,085. It was last sold for £475,000 in January 2016, which was around 42% above the average January 2016 detached price in the Rutland local authority area. The most recent EPC inspection was September 2015, where the current energy rating was C, and the potential energy rating was B.

3 THE SPINNEY Sold Prices

Land registry data shows four sales for 3 THE SPINNEY 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. All of the four 3 THE SPINNEY sales 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
2016 8 JAN	£475,000	£334,877	42% above HPI
2003 27 AUG	£330,000	£231,101	43% above HPI
2002 9 APR	£285,000	£160,592	77% above HPI
1997 17 OCT	£180,000	£107,098	68% above HPI

3 THE SPINNEY 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 THE SPINNEY sales between October 1997 and January 2016 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 August 2003 sale was for 43% above the HPI. So the extrapolation line tracks at 43% above the HPI over time, until the January 2016 sale, where it falls to 42% above the HPI. The line then continues to track at 42% above the HPI.

What might 3 THE SPINNEY be worth now?

3 THE SPINNEY might now be worth an estimated £690,085.

This is based on house price inflation of 45.3%, between January 2016 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 45.3% inflationary increase is applied to the most recent sale price for 3 THE SPINNEY of £475,000 on 8th January 2016. For the value to have increased from £475,000 to £690,085 over the eight years and eleven months to February 2025, the following assumptions must hold true:

• The value of 3 THE SPINNEY has moved in line with the HPI for detached houses in the Rutland local authority area.
• The January 2016 sale price of £475,000 represented a fair market value for the property.
• The size, condition, and specification of 3 THE SPINNEY has not materially changed since January 2016.

How Large is 3 THE SPINNEY?

3 THE SPINNEY is 202m² according to the EPC inspection conducted in September 2015. This puts it in the largest 10% of detached houses houses in Cottesmore, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cottesmore, and where 3 THE SPINNEY lies on this distribution: 94% of detached houses houses are smaller than 3 THE SPINNEY, and 6% of houses are larger. Note that EPC data is not available for all properties in Cottesmore.

3 THE SPINNEY: Plot and Title Map

3 THE SPINNEY sits on a plot of roughly 0.236 of an acre, or 955m². The below map shows the location of 3 THE SPINNEY, 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 THE SPINNEY). 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 THE SPINNEY?

3 THE SPINNEY is located in COTTESMORE, in the LE15 postcode district. The below map shows the position of No. 3 on THE SPINNEY.