5, FERRERS CLOSE, OAKHAM, LE15 6PW - £225,000

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 FERRERS CLOSE is a small detached house of 99m², built sometime between 1967 and 1975. It was last sold for £225,000 in December 2015, which was around 35% below the average December 2015 detached price in the Rutland local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was B.

5 FERRERS CLOSE Sold Prices

Land registry data shows four sales for 5 FERRERS 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 FERRERS 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
2015 18 DEC	£225,000	£345,479	35% below HPI
2000 28 JUL	£84,000	£146,545	43% below HPI
1998 25 AUG	£71,000	£123,182	42% below HPI
1997 13 OCT	£60,000	£113,042	47% below HPI

5 FERRERS 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 FERRERS CLOSE sales between October 1997 and December 2015 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 July 2000 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the December 2015 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 5 FERRERS CLOSE?

5 FERRERS CLOSE is 99m² according to the EPC inspection conducted in June 2015. This puts it in the smallest 30% of detached houses in Oakham, based on EPC data. The below chart shows the distribution of detached houses by size in Oakham, and where 5 FERRERS CLOSE lies on this distribution: 30% of detached houses are smaller than 5 FERRERS CLOSE, and 69% of houses are larger. Note that EPC data is not available for all properties in Oakham.

5 FERRERS CLOSE: Plot and Title Map

5 FERRERS CLOSE sits on a plot of roughly 0.081 of an acre, or 328m². The below map shows the location of 5 FERRERS 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 FERRERS 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 FERRERS CLOSE?

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