47, IRWELL CLOSE, OAKHAM, LE15 6SX - £315,500

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.

47 IRWELL CLOSE is a midsized detached house of 115m², built sometime between 1996 and 2002, which could now be worth an estimated £402,726. It was last sold for £315,500 in August 2018, which was around 17% below the average August 2018 detached price in the Rutland local authority area. The most recent EPC inspection was April 2012, where the current energy rating was C, and the potential energy rating was B.

47 IRWELL CLOSE Sold Prices

Land registry data shows four sales for 47 IRWELL 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 47 IRWELL 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
2018 30 AUG	£315,500	£381,140	17% below HPI
2008 28 MAY	£250,000	£291,947	14% below HPI
2001 6 APR	£139,250	£142,324	2% below HPI
2000 30 JUN	£122,000	£134,853	10% below HPI

47 IRWELL 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 47 IRWELL CLOSE sales between June 2000 and August 2018 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 May 2008 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the August 2018 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 47 IRWELL CLOSE be worth now?

47 IRWELL CLOSE might now be worth an estimated £402,726.

This is based on house price inflation of 27.6%, between August 2018 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 27.6% inflationary increase is applied to the most recent sale price for 47 IRWELL CLOSE of £315,500 on 30th August 2018. For the value to have increased from £315,500 to £402,726 over the seven years and six months to February 2025, the following assumptions must hold true:

• The value of 47 IRWELL CLOSE has moved in line with the HPI for detached houses in the Rutland local authority area.
• The August 2018 sale price of £315,500 represented a fair market value for the property.
• The size, condition, and specification of 47 IRWELL CLOSE has not materially changed since August 2018.

How Large is 47 IRWELL CLOSE?

47 IRWELL CLOSE is 115m² according to the EPC inspection conducted in April 2012. This puts it in the smallest 50% 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 47 IRWELL CLOSE lies on this distribution: 48% of detached houses houses are smaller than 47 IRWELL CLOSE, and 52% of houses are larger. Note that EPC data is not available for all properties in Oakham.

47 IRWELL CLOSE: Plot and Title Map

47 IRWELL CLOSE sits on a plot of roughly 0.091 of an acre, or 367m². The below map shows the location of 47 IRWELL 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 47 IRWELL 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 47 IRWELL CLOSE?

47 IRWELL CLOSE is located in OAKHAM, in the LE15 postcode district. The below map shows the position of No. 47 on IRWELL CLOSE.