5, WITCHLEY CLOSE, OAKHAM, LE15 6FZ - £480,000

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 WITCHLEY CLOSE is a very large extended detached house of 159m², built sometime between 1996 and 2002. It was last sold for £480,000 in March 2018, which was around 19% above the average March 2018 detached price in the Rutland local authority area. The most recent EPC inspection was November 2017, where the current energy rating was C, and the potential energy rating was C.

5 WITCHLEY CLOSE Sold Prices

Land registry data shows two sales for 5 WITCHLEY CLOSE 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 WITCHLEY CLOSE 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 29 MAR	£480,000	£402,603	19% above HPI
2002 12 MAR	£241,000	£169,930	42% above HPI

5 WITCHLEY CLOSE 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 WITCHLEY CLOSE sales from March 2002 and March 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 March 2002 sale was for 42% above the HPI. So the extrapolation line tracks at 42% above the HPI over time, until the March 2018 sale, where it falls to 19% above the HPI. The line then continues to track at 19% above the HPI.

How Large is 5 WITCHLEY CLOSE?

5 WITCHLEY CLOSE is 159m², which includes two extensions, according to the EPC inspection conducted in November 2017. This puts it in the largest 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 WITCHLEY CLOSE lies on this distribution: 81% of detached houses are smaller than 5 WITCHLEY CLOSE, and 19% of houses are larger. Note that EPC data is not available for all properties in Oakham.

5 WITCHLEY CLOSE: Plot and Title Map

5 WITCHLEY CLOSE sits on a plot of roughly 0.088 of an acre, or 357m². The below map shows the location of 5 WITCHLEY CLOSE, 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 WITCHLEY CLOSE). 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 WITCHLEY CLOSE?

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