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

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 NORMANTON DRIVE is a very small detached house of 86m², built sometime between 2003 and 2006. It was last sold for £273,000 in December 2016, which was around 28% 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	£378,407	28% below HPI
2010 29 OCT	£240,000	£298,455	20% below HPI
2003 31 JUL	£190,000	£232,885	18% below HPI
2002 9 DEC	£165,000	£217,230	24% below HPI
1999 30 APR	£89,950	£115,118	22% 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 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the December 2016 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

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 in Oakham, based on EPC data. The below chart shows the distribution of detached houses by size in Oakham, and where 5 NORMANTON DRIVE lies on this distribution: 16% of detached 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 31.7 acres, or 128,484m². 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.