6, SPEY DRIVE, OAKHAM, LE15 6JP - £350,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

6 SPEY DRIVE is a small detached house of 100m², built sometime between 1967 and 1975, which could now be worth an estimated £445,543. It was last sold for £350,000 in January 2019, which was around 8% below the average January 2019 detached price in the Rutland local authority area. The most recent EPC inspection was December 2009, where the current energy rating was D, and the potential energy rating was C.

6 SPEY DRIVE Sold Prices

Land registry data shows two sales for 6 SPEY DRIVE 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 6 SPEY DRIVE 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
2019 25 JAN	£350,000	£382,184	8% below HPI
2016 31 MAR	£205,000	£333,559	39% below HPI

6 SPEY DRIVE 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 6 SPEY DRIVE sales from March 2016 and January 2019 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 2016 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the January 2019 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 6 SPEY DRIVE be worth now?

6 SPEY DRIVE might now be worth an estimated £445,543.

This is based on house price inflation of 27.3%, between January 2019 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 27.3% inflationary increase is applied to the most recent sale price for 6 SPEY DRIVE of £350,000 on 25th January 2019. For the value to have increased from £350,000 to £445,543 over the five years and eleven months to February 2025, the following assumptions must hold true:

• The value of 6 SPEY DRIVE has moved in line with the HPI for detached houses in the Rutland local authority area.
• The January 2019 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 6 SPEY DRIVE has not materially changed since January 2019.

How Large is 6 SPEY DRIVE?

6 SPEY DRIVE is 100m² according to the EPC inspection conducted in December 2009. This puts it in the smallest 40% 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 6 SPEY DRIVE lies on this distribution: 32% of detached houses houses are smaller than 6 SPEY DRIVE, and 68% of houses are larger. Note that EPC data is not available for all properties in Oakham.

6 SPEY DRIVE: Plot and Title Map

6 SPEY DRIVE sits on a plot of roughly 60.4 acres, or 244,361m². The below map shows the location of 6 SPEY DRIVE, 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 6 SPEY DRIVE). 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 6 SPEY DRIVE?

6 SPEY DRIVE is located in OAKHAM, in the LE15 postcode district. The below map shows the position of No. 6 on SPEY DRIVE.