5, STATION ROAD, MORCOTT, OAKHAM, LE15 9DX - £342,500

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 STATION ROAD is a very small extended detached house of 103m², built sometime before 1900. It was last sold for £342,500 in February 2024, which was around 32% below the average February 2024 detached price in the Rutland local authority area. The most recent EPC inspection was August 2020, where the current energy rating was E, and the potential energy rating was C.

5 STATION ROAD Sold Prices

Land registry data shows five sales for 5 STATION ROAD 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. Most of the five 5 STATION 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
2024 23 FEB	£342,500	£506,655	32% below HPI
2014 21 AUG	£242,500	£312,497	22% below HPI
2007 5 JUL	£272,000	£303,169	10% below HPI
2002 20 SEP	£200,000	£201,904	1% below HPI
1998 28 AUG	£131,500	£123,182	7% above HPI

5 STATION 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 five 5 STATION ROAD sales between August 1998 and February 2024 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 2014 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the February 2024 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 5 STATION ROAD?

5 STATION ROAD is 103m², which includes one extension, according to the EPC inspection conducted in August 2020. This puts it in the smallest 10% of detached houses in Morcott, based on EPC data. The below chart shows the distribution of detached houses by size in Morcott, and where 5 STATION ROAD lies on this distribution: 4% of detached houses are smaller than 5 STATION ROAD, and 96% of houses are larger. Note that EPC data is not available for all properties in Morcott.

5 STATION ROAD: Plot and Title Map

5 STATION ROAD sits on a plot of roughly 0.044 of an acre, or 177m². The below map shows the location of 5 STATION 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 STATION 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 STATION ROAD?

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