5, REEVES LANE, WING, OAKHAM, LE15 8SD - £537,000

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 REEVES LANE is a small detached house of 152m², built sometime between 1967 and 1975. It was last sold for £537,000 in September 2016, which was around 43% above the average September 2016 detached price in the Rutland local authority area. The most recent EPC inspection was April 2016, where the current energy rating was D, and the potential energy rating was C.

5 REEVES LANE Sold Prices

Land registry data shows two sales for 5 REEVES LANE 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 REEVES LANE sales were for above 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 14 SEP	£537,000	£375,315	43% above HPI
2007 28 SEP	£379,750	£305,225	24% above HPI

5 REEVES LANE 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 REEVES LANE sales from September 2007 and September 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 September 2007 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the September 2016 sale, where it rises to 43% above the HPI. The line then continues to track at 43% above the HPI.

How Large is 5 REEVES LANE?

5 REEVES LANE is 152m² according to the EPC inspection conducted in April 2016. This puts it in the smallest 40% of detached houses in Wing, based on EPC data. The below chart shows the distribution of detached houses by size in Wing, and where 5 REEVES LANE lies on this distribution: 37% of detached houses are smaller than 5 REEVES LANE, and 63% of houses are larger. Note that EPC data is not available for all properties in Wing.

5 REEVES LANE: Plot and Title Map

5 REEVES LANE sits on a plot of roughly 0.221 of an acre, or 894m². The below map shows the location of 5 REEVES LANE, 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 REEVES LANE). 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 REEVES LANE?

5 REEVES LANE is located in WING, in the LE15 postcode district. The below map shows the position of No. 5 on REEVES LANE.