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

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 THE SPINNEY is a very large detached house of 202m², built sometime between 1996 and 2002. It was last sold for £475,000 in January 2016, which was around 34% 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	£353,463	34% above HPI
2003 27 AUG	£330,000	£243,927	35% above HPI
2002 9 APR	£285,000	£169,505	68% above HPI
1997 17 OCT	£180,000	£113,042	59% 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 35% above the HPI. So the extrapolation line tracks at 35% above the HPI over time, until the January 2016 sale, where it falls to 34% above the HPI. The line then continues to track at 34% above the HPI.

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 in Cottesmore, based on EPC data. The below chart shows the distribution of detached houses by size in Cottesmore, and where 3 THE SPINNEY lies on this distribution: 94% of detached 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.