3, WALNUT CLOSE, EMPINGHAM, OAKHAM, LE15 8QJ - £320,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

3 WALNUT CLOSE is a very small extended detached house of 77m², built sometime between 1996 and 2002. It was last sold for £320,000 in December 2020, which was around 26% below the average December 2020 detached price in the Rutland local authority area. The most recent EPC inspection was August 2020, where the current energy rating was C, and the potential energy rating was B.

3 WALNUT CLOSE Sold Prices

Land registry data shows four sales for 3 WALNUT 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. All of the four 3 WALNUT 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
2020 16 DEC	£320,000	£431,290	26% below HPI
2014 28 NOV	£190,000	£330,220	42% below HPI
2009 7 AUG	£152,000	£268,420	43% below HPI
1996 25 OCT	£65,000	£98,981	34% below HPI

3 WALNUT 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 WALNUT CLOSE sales between October 1996 and December 2020 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 2014 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the December 2020 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 3 WALNUT CLOSE?

3 WALNUT CLOSE is 77m², which includes one extension, according to the EPC inspection conducted in August 2020. This puts it in the smallest 10% of detached houses in Empingham, based on EPC data. The below chart shows the distribution of detached houses by size in Empingham, and where 3 WALNUT CLOSE lies on this distribution: 8% of detached houses are smaller than 3 WALNUT CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Empingham.

3 WALNUT CLOSE: Plot and Title Map

3 WALNUT CLOSE sits on a plot of roughly 0.064 of an acre, or 258m². The below map shows the location of 3 WALNUT 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 WALNUT 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 WALNUT CLOSE?

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