5, CHAPEL CLOSE, EMPINGHAM, OAKHAM, LE15 8BX - £890,000

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

5 CHAPEL CLOSE is a very large extended detached house of 273m², built sometime between 1996 and 2002. It was last sold for £890,000 in June 2019, which was around 113% above the average June 2019 detached price in the Rutland local authority area. The most recent EPC inspection was August 2010, where the current energy rating was D, and the potential energy rating was C.

5 CHAPEL CLOSE Sold Prices

Land registry data shows four sales for 5 CHAPEL 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 5 CHAPEL 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
2019 7 JUN	£890,000	£417,737	113% above HPI
2016 2 FEB	£800,000	£354,901	125% above HPI
2013 7 MAR	£635,000	£297,783	113% above HPI
2002 15 JAN	£450,000	£176,436	155% above HPI

5 CHAPEL 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 5 CHAPEL CLOSE sales between January 2002 and June 2019 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 February 2016 sale was for 125% above the HPI. So the extrapolation line tracks at 125% above the HPI over time, until the June 2019 sale, where it falls to 113% above the HPI. The line then continues to track at 113% above the HPI.

How Large is 5 CHAPEL CLOSE?

5 CHAPEL CLOSE is 273m², which includes one extension, according to the EPC inspection conducted in August 2010. This puts it in the largest 20% of detached houses in Empingham, based on EPC data. The below chart shows the distribution of detached houses by size in Empingham, and where 5 CHAPEL CLOSE lies on this distribution: 86% of detached houses are smaller than 5 CHAPEL CLOSE, and 14% of houses are larger. Note that EPC data is not available for all properties in Empingham.

5 CHAPEL CLOSE: Plot and Title Map

5 CHAPEL CLOSE sits on a plot of roughly 0.324 of an acre, or 1,310m². The below map shows the location of 5 CHAPEL 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 CHAPEL 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 CHAPEL CLOSE?

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