5, SCHOFIELD ROAD, OAKHAM, LE15 6FW - £165,000

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 SCHOFIELD ROAD is a very small extended detached house of 63m², built sometime between 1996 and 2002, which could now be worth an estimated £395,373. It was last sold for £165,000 in January 2003, which was around 19% below the average January 2003 detached price in the Rutland local authority area. The most recent EPC inspection was January 2016, where the current energy rating was E, and the potential energy rating was B.

5 SCHOFIELD ROAD Sold Prices

Land registry data shows two sales for 5 SCHOFIELD ROAD 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 SCHOFIELD ROAD 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
2003 31 JAN	£165,000	£203,035	19% below HPI
1998 28 AUG	£80,000	£116,704	31% below HPI

5 SCHOFIELD ROAD 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 SCHOFIELD ROAD sales from August 1998 and January 2003 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 August 1998 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the January 2003 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 5 SCHOFIELD ROAD be worth now?

5 SCHOFIELD ROAD might now be worth an estimated £395,373.

This is based on house price inflation of 139.6%, between January 2003 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 139.6% inflationary increase is applied to the most recent sale price for 5 SCHOFIELD ROAD of £165,000 on 31st January 2003. For the value to have increased from £165,000 to £395,373 over the 21 years and eleven months to February 2025, the following assumptions must hold true:

• The value of 5 SCHOFIELD ROAD has moved in line with the HPI for detached houses in the Rutland local authority area.
• The January 2003 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 5 SCHOFIELD ROAD has not materially changed since January 2003.

How Large is 5 SCHOFIELD ROAD?

5 SCHOFIELD ROAD is 63m², which includes one extension, according to the EPC inspection conducted in January 2016. This puts it in the smallest 10% 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 SCHOFIELD ROAD lies on this distribution: 1% of detached houses houses are smaller than 5 SCHOFIELD ROAD, and 99% of houses are larger. Note that EPC data is not available for all properties in Oakham.

5 SCHOFIELD ROAD: Plot and Title Map

5 SCHOFIELD ROAD sits on a plot of roughly 57.6 acres, or 233,161m². The below map shows the location of 5 SCHOFIELD ROAD, 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 SCHOFIELD ROAD). 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 SCHOFIELD ROAD?

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