5, SHARRAD WAY, LANGHAM, OAKHAM, LE15 7JY - £600,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

5 SHARRAD WAY is a very large extended detached house of 225m², built sometime between 1967 and 1975. It was last sold for £600,000 in December 2018, which was around 49% above the average December 2018 detached price in the Rutland local authority area. The most recent EPC inspection was May 2016, where the current energy rating was D, and the potential energy rating was C.

5 SHARRAD WAY Sold Prices

Land registry data shows two sales for 5 SHARRAD WAY 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 SHARRAD WAY 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
2018 7 DEC	£600,000	£402,738	49% above HPI
2016 22 JUL	£520,000	£347,142	50% above HPI

5 SHARRAD WAY 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 SHARRAD WAY sales from July 2016 and December 2018 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 2016 sale was for 50% above the HPI. So the extrapolation line tracks at 50% above the HPI over time, until the December 2018 sale, where it falls to 49% above the HPI. The line then continues to track at 49% above the HPI.

How Large is 5 SHARRAD WAY?

5 SHARRAD WAY is 225m², which includes three extensions, according to the EPC inspection conducted in May 2016. This puts it in the largest 10% of detached houses in Langham, based on EPC data. The below chart shows the distribution of detached houses by size in Langham, and where 5 SHARRAD WAY lies on this distribution: 91% of detached houses are smaller than 5 SHARRAD WAY, and 9% of houses are larger. Note that EPC data is not available for all properties in Langham.

5 SHARRAD WAY: Plot and Title Map

5 SHARRAD WAY sits on a plot of roughly 0.299 of an acre, or 1,210m². The below map shows the location of 5 SHARRAD WAY, 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 SHARRAD WAY). 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 SHARRAD WAY?

5 SHARRAD WAY is located in LANGHAM, in the LE15 postcode district. The below map shows the position of No. 5 on SHARRAD WAY.