3, THE SQUARE, SOUTH LUFFENHAM, OAKHAM, LE15 8NS - £626,000

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 SQUARE is a very small extended detached house of 117m², built sometime before 1900. It was last sold for £626,000 in September 2022, which was around 25% above the average September 2022 detached price in the Rutland local authority area. The most recent EPC inspection was December 2013, where the current energy rating was E, and the potential energy rating was B.

3 THE SQUARE Sold Prices

Land registry data shows five sales for 3 THE SQUARE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Rutland local authority area for the corresponding sale date. All of the five 3 THE SQUARE 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
2022 15 SEP	£626,000	£499,658	25% above HPI
2019 27 SEP	£490,000	£412,963	19% above HPI
2013 18 OCT	£333,500	£310,865	7% above HPI
2002 30 APR	£230,000	£169,505	36% above HPI
1998 29 OCT	£138,000	£118,023	17% above HPI

3 THE SQUARE 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 five 3 THE SQUARE sales between October 1998 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 September 2019 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the September 2022 sale, where it rises to 25% above the HPI. The line then continues to track at 25% above the HPI.

How Large is 3 THE SQUARE?

3 THE SQUARE is 117m², which includes one extension, according to the EPC inspection conducted in December 2013. This puts it in the smallest 20% of detached houses in South Luffenham, based on EPC data. The below chart shows the distribution of detached houses by size in South Luffenham, and where 3 THE SQUARE lies on this distribution: 20% of detached houses are smaller than 3 THE SQUARE, and 80% of houses are larger. Note that EPC data is not available for all properties in South Luffenham.

3 THE SQUARE: Plot and Title Map

3 THE SQUARE sits on a plot of roughly 0.101 of an acre, or 410m². The below map shows the location of 3 THE SQUARE, 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 SQUARE). 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 SQUARE?

3 THE SQUARE is located in SOUTH LUFFENHAM, in the LE15 postcode district. The below map shows the position of No. 3 on THE SQUARE.