5, NORMANTON DRIVE, OAKHAM, LE15 6FG - £273,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

5 NORMANTON DRIVE is a very small detached house of 86m², built sometime between 2003 and 2006, which could now be worth an estimated £370,473. It was last sold for £273,000 in December 2016, which was around 24% below the average December 2016 detached price in the Rutland local authority area. The most recent EPC inspection was February 2010, where the current energy rating was D, and the potential energy rating was C.

5 NORMANTON DRIVE Sold Prices

Land registry data shows five sales for 5 NORMANTON DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Rutland local authority area for the corresponding sale date. All of the five 5 NORMANTON DRIVE 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
2016 21 DEC	£273,000	£358,509	24% below HPI
2010 29 OCT	£240,000	£282,761	15% below HPI
2003 31 JUL	£190,000	£220,639	14% below HPI
2002 9 DEC	£165,000	£205,807	20% below HPI
1999 30 APR	£89,950	£109,065	18% below HPI

5 NORMANTON DRIVE 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 five 5 NORMANTON DRIVE sales between April 1999 and December 2016 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 2010 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the December 2016 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 5 NORMANTON DRIVE be worth now?

5 NORMANTON DRIVE might now be worth an estimated £370,473.

This is based on house price inflation of 35.7%, between December 2016 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 35.7% inflationary increase is applied to the most recent sale price for 5 NORMANTON DRIVE of £273,000 on 21st December 2016. For the value to have increased from £273,000 to £370,473 over the nine years and ten months to February 2025, the following assumptions must hold true:

• The value of 5 NORMANTON DRIVE has moved in line with the HPI for detached houses in the Rutland local authority area.
• The December 2016 sale price of £273,000 represented a fair market value for the property.
• The size, condition, and specification of 5 NORMANTON DRIVE has not materially changed since December 2016.

How Large is 5 NORMANTON DRIVE?

5 NORMANTON DRIVE is 86m² according to the EPC inspection conducted in February 2010. This puts it in the smallest 20% 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 NORMANTON DRIVE lies on this distribution: 16% of detached houses houses are smaller than 5 NORMANTON DRIVE, and 84% of houses are larger. Note that EPC data is not available for all properties in Oakham.

5 NORMANTON DRIVE: Plot and Title Map

5 NORMANTON DRIVE sits on a plot of roughly 0.075 of an acre, or 303m². The below map shows the location of 5 NORMANTON DRIVE, 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 NORMANTON DRIVE). 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 NORMANTON DRIVE?

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