4, SPEY DRIVE, OAKHAM, LE15 6JP - £365,000

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

4 SPEY DRIVE is a small detached house of 93m², built sometime between 1976 and 1982. It was last sold for £365,000 in April 2024, which was around 24% below the average April 2024 detached price in the Rutland local authority area. The most recent EPC inspection was October 2023, where the current energy rating was D, and the potential energy rating was B.

4 SPEY DRIVE Sold Prices

Land registry data shows four sales for 4 SPEY DRIVE 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 4 SPEY 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
2024 22 APR	£365,000	£481,573	24% below HPI
2013 12 JUL	£200,000	£306,827	35% below HPI
2005 26 OCT	£217,000	£276,168	21% below HPI
1996 19 SEP	£78,000	£98,307	21% below HPI

4 SPEY 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 four 4 SPEY DRIVE sales between September 1996 and April 2024 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 July 2013 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the April 2024 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 4 SPEY DRIVE?

4 SPEY DRIVE is 93m² according to the EPC inspection conducted in October 2023. This puts it in the smallest 30% 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 SPEY DRIVE lies on this distribution: 25% of detached houses are smaller than 4 SPEY DRIVE, and 75% of houses are larger. Note that EPC data is not available for all properties in Oakham.

4 SPEY DRIVE: Plot and Title Map

4 SPEY DRIVE sits on a plot of roughly 60.4 acres, or 244,361m². The below map shows the location of 4 SPEY 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 SPEY 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 SPEY DRIVE?

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