5, CORDLE WAY, MARKET OVERTON, OAKHAM, LE15 7PU - £272,500

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 CORDLE WAY is a very small detached house of 108m², built sometime between 1967 and 1975. It was last sold for £272,500 in May 2014, which was around 14% below the average May 2014 detached price in the Rutland local authority area. The most recent EPC inspection was February 2013, where the current energy rating was E, and the potential energy rating was B.

5 CORDLE WAY Sold Prices

Land registry data shows two sales for 5 CORDLE WAY 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 CORDLE WAY 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
2014 27 MAY	£272,500	£318,237	14% below HPI
2005 15 SEP	£247,000	£277,527	11% below HPI

5 CORDLE WAY 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 CORDLE WAY sales from September 2005 and May 2014 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 September 2005 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the May 2014 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 5 CORDLE WAY?

5 CORDLE WAY is 108m² according to the EPC inspection conducted in February 2013. This puts it in the smallest 10% of detached houses in Market Overton, based on EPC data. The below chart shows the distribution of detached houses by size in Market Overton, and where 5 CORDLE WAY lies on this distribution: 9% of detached houses are smaller than 5 CORDLE WAY, and 91% of houses are larger. Note that EPC data is not available for all properties in Market Overton.

5 CORDLE WAY: Plot and Title Map

5 CORDLE WAY sits on a plot of roughly 0.143 of an acre, or 579m². The below map shows the location of 5 CORDLE WAY, 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 CORDLE WAY). 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 CORDLE WAY?

5 CORDLE WAY is located in MARKET OVERTON, in the LE15 postcode district. The below map shows the position of No. 5 on CORDLE WAY.