40, GREAT LANE, GREETHAM, OAKHAM, LE15 7NG - £270,000

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

40 GREAT LANE is a very small extended detached house of 96m², built sometime before 1900. It was last sold for £270,000 in January 2020, which was around 38% below the average January 2020 detached price in the Rutland local authority area. The most recent EPC inspection was August 2022, where the current energy rating was D, and the potential energy rating was B.

40 GREAT LANE Sold Prices

Land registry data shows two sales for 40 GREAT LANE 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 40 GREAT LANE 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 29 JAN	£270,000	£434,028	38% below HPI
2008 5 MAR	£181,100	£298,219	39% below HPI

40 GREAT LANE 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 40 GREAT LANE sales from March 2008 and January 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 March 2008 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the January 2020 sale, where it rises to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 40 GREAT LANE?

40 GREAT LANE is 96m², which includes one extension, according to the EPC inspection conducted in August 2022. This puts it in the smallest 10% of detached houses in Greetham, based on EPC data. The below chart shows the distribution of detached houses by size in Greetham, and where 40 GREAT LANE lies on this distribution: 10% of detached houses are smaller than 40 GREAT LANE, and 90% of houses are larger. Note that EPC data is not available for all properties in Greetham.

40 GREAT LANE: Plot and Title Map

40 GREAT LANE sits on a plot of roughly 0.135 of an acre, or 546m². The below map shows the location of 40 GREAT LANE, 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 40 GREAT LANE). 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 40 GREAT LANE?

40 GREAT LANE is located in GREETHAM, in the LE15 postcode district. The below map shows the position of No. 40 on GREAT LANE.