51, REDLAND ROAD, OAKHAM, LE15 6PH - £315,000

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

51 REDLAND ROAD is a small extended detached house of 94m², built sometime between 1967 and 1975. It was last sold for £315,000 in December 2023, which was around 40% below the average December 2023 detached price in the Rutland local authority area. The most recent EPC inspection was October 2023, where the current energy rating was D, and the potential energy rating was C.

51 REDLAND ROAD Sold Prices

Land registry data shows two sales for 51 REDLAND 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 51 REDLAND 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
2023 12 DEC	£315,000	£526,971	40% below HPI
2013 24 SEP	£178,000	£304,394	42% below HPI

51 REDLAND 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 51 REDLAND ROAD sales from September 2013 and December 2023 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 2013 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the December 2023 sale, where it rises to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 51 REDLAND ROAD?

51 REDLAND ROAD is 94m², which includes one extension, according to the EPC inspection conducted in October 2023. This puts it in the smallest 30% of detached houses in Oakham, based on EPC data. The below chart shows the distribution of detached houses by size in Oakham, and where 51 REDLAND ROAD lies on this distribution: 26% of detached houses are smaller than 51 REDLAND ROAD, and 74% of houses are larger. Note that EPC data is not available for all properties in Oakham.

51 REDLAND ROAD: Plot and Title Map

51 REDLAND ROAD sits on a plot of roughly 0.095 of an acre, or 384m². The below map shows the location of 51 REDLAND 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 51 REDLAND 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 51 REDLAND ROAD?

51 REDLAND ROAD is located in OAKHAM, in the LE15 postcode district. The below map shows the position of No. 51 on REDLAND ROAD.