5, BARMSTEDT CLOSE, OAKHAM, LE15 6RJ - £400,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

5 BARMSTEDT CLOSE is a very large detached house of 220m², built sometime between 1996 and 2002, which could now be worth an estimated £685,541. It was last sold for £400,000 in September 2011, which was around 41% above the average September 2011 detached price in the Rutland local authority area. The most recent EPC inspection was February 2010, where the current energy rating was C, and the potential energy rating was C.

5 BARMSTEDT CLOSE Sold Prices

Land registry data shows two sales for 5 BARMSTEDT 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 5 BARMSTEDT CLOSE sales were for above 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
2011 8 SEP	£400,000	£283,871	41% above HPI
2003 17 OCT	£360,200	£229,454	57% above HPI

5 BARMSTEDT 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 5 BARMSTEDT CLOSE sales from October 2003 and September 2011 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 2003 sale was for 57% above the HPI. So the extrapolation line tracks at 57% above the HPI over time, until the September 2011 sale, where it falls to 41% above the HPI. The line then continues to track at 41% above the HPI.

What might 5 BARMSTEDT CLOSE be worth now?

5 BARMSTEDT CLOSE might now be worth an estimated £685,541.

This is based on house price inflation of 71.4%, between September 2011 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 71.4% inflationary increase is applied to the most recent sale price for 5 BARMSTEDT CLOSE of £400,000 on 8th September 2011. For the value to have increased from £400,000 to £685,541 over the fourteen years and seven months to February 2025, the following assumptions must hold true:

• The value of 5 BARMSTEDT CLOSE has moved in line with the HPI for detached houses in the Rutland local authority area.
• The September 2011 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of 5 BARMSTEDT CLOSE has not materially changed since September 2011.

How Large is 5 BARMSTEDT CLOSE?

5 BARMSTEDT CLOSE is 220m² according to the EPC inspection conducted in February 2010. This puts it in the largest 10% 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 5 BARMSTEDT CLOSE lies on this distribution: 96% of detached houses houses are smaller than 5 BARMSTEDT CLOSE, and 4% of houses are larger. Note that EPC data is not available for all properties in Oakham.

5 BARMSTEDT CLOSE: Plot and Title Map

5 BARMSTEDT CLOSE sits on a plot of roughly 0.100 of an acre, or 405m². The below map shows the location of 5 BARMSTEDT 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 5 BARMSTEDT 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 5 BARMSTEDT CLOSE?

5 BARMSTEDT CLOSE is located in OAKHAM, in the LE15 postcode district. The below map shows the position of No. 5 on BARMSTEDT CLOSE.