4, DERWENT DRIVE, OAKHAM, LE15 6SA - £320,000

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.

4 DERWENT DRIVE is a very small detached house of 88m², built sometime between 1950 and 1966, which could now be worth an estimated £333,607. It was last sold for £320,000 in October 2022, which was around 31% below the average October 2022 detached price in the Rutland local authority area. The most recent EPC inspection was February 2021, where the current energy rating was D, and the potential energy rating was B.

4 DERWENT DRIVE Sold Prices

Land registry data shows two sales for 4 DERWENT DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Rutland local authority area for the corresponding sale date. Both of the two 4 DERWENT DRIVE 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 17 OCT	£320,000	£466,669	31% below HPI
1999 18 OCT	£83,500	£113,764	27% below HPI

4 DERWENT DRIVE 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 two 4 DERWENT DRIVE sales from October 1999 and October 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 October 1999 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the October 2022 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 4 DERWENT DRIVE be worth now?

4 DERWENT DRIVE might now be worth an estimated £333,607.

This is based on house price inflation of 4.3%, between October 2022 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 4.3% inflationary increase is applied to the most recent sale price for 4 DERWENT DRIVE of £320,000 on 17th October 2022. For the value to have increased from £320,000 to £333,607 over the three years and eight months to February 2025, the following assumptions must hold true:

• The value of 4 DERWENT DRIVE has moved in line with the HPI for detached houses in the Rutland local authority area.
• The October 2022 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of 4 DERWENT DRIVE has not materially changed since October 2022.

How Large is 4 DERWENT DRIVE?

4 DERWENT DRIVE is 88m² according to the EPC inspection conducted in February 2021. This puts it in the smallest 20% of detached houses houses in Oakham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Oakham, and where 4 DERWENT DRIVE lies on this distribution: 17% of detached houses houses are smaller than 4 DERWENT DRIVE, and 82% of houses are larger. Note that EPC data is not available for all properties in Oakham.

4 DERWENT DRIVE: Plot and Title Map

4 DERWENT DRIVE sits on a plot of roughly 0.100 of an acre, or 404m². The below map shows the location of 4 DERWENT DRIVE, 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 4 DERWENT DRIVE). 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 4 DERWENT DRIVE?

4 DERWENT DRIVE is located in OAKHAM, in the LE15 postcode district. The below map shows the position of No. 4 on DERWENT DRIVE.