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

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 CORDLE WAY is a very small detached house of 108m², built sometime between 1967 and 1975, which could now be worth an estimated £449,841. It was last sold for £272,500 in May 2014, which was around 10% 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	£301,503	10% below HPI
2005 15 SEP	£247,000	£262,933	6% 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 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the May 2014 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 5 CORDLE WAY be worth now?

5 CORDLE WAY might now be worth an estimated £449,841.

This is based on house price inflation of 65.1%, between May 2014 and December 2024, 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 65.1% inflationary increase is applied to the most recent sale price for 5 CORDLE WAY of £272,500 on 27th May 2014. For the value to have increased from £272,500 to £449,841 over the nine years and five months to December 2024, the following assumptions must hold true:

• The value of 5 CORDLE WAY has moved in line with the HPI for detached houses in the Rutland local authority area.
• The May 2014 sale price of £272,500 represented a fair market value for the property.
• The size, condition, and specification of 5 CORDLE WAY has not materially changed since May 2014.

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 houses in Market Overton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Market Overton, and where 5 CORDLE WAY lies on this distribution: 9% of detached houses 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.