4, GRIFFITHS CLOSE, OAKHAM, LE15 6FP - £195,000

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

4 GRIFFITHS CLOSE is a very small extended detached house of 70m², built sometime between 1996 and 2002. It was last sold for £195,000 in October 2004, which was around 27% below the average October 2004 detached price in the Rutland local authority area. The most recent EPC inspection was April 2023, where the current energy rating was C, and the potential energy rating was B.

4 GRIFFITHS CLOSE Sold Prices

Land registry data shows two sales for 4 GRIFFITHS CLOSE 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 GRIFFITHS 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
2004 22 OCT	£195,000	£267,817	27% below HPI
1998 27 NOV	£81,950	£117,978	31% below HPI

4 GRIFFITHS 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 two 4 GRIFFITHS CLOSE sales from November 1998 and October 2004 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 1998 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the October 2004 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 4 GRIFFITHS CLOSE?

4 GRIFFITHS CLOSE is 70m², which includes three extensions, according to the EPC inspection conducted in April 2023. This puts it in the smallest 10% of detached houses in Oakham, based on EPC data. The below chart shows the distribution of detached houses by size in Oakham, and where 4 GRIFFITHS CLOSE lies on this distribution: 4% of detached houses are smaller than 4 GRIFFITHS CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Oakham.

4 GRIFFITHS CLOSE: Plot and Title Map

4 GRIFFITHS CLOSE sits on a plot of roughly 0.060 of an acre, or 244m². The below map shows the location of 4 GRIFFITHS 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 4 GRIFFITHS 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 4 GRIFFITHS CLOSE?

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