6, TEES CLOSE, OAKHAM, LE15 6SP - £275,000

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

6 TEES CLOSE is a very small detached house of 87m², built sometime between 1976 and 1982. It was last sold for £275,000 in July 2019, which was around 33% below the average July 2019 detached price in the Rutland local authority area. The most recent EPC inspection was March 2019, where the current energy rating was D, and the potential energy rating was B.

6 TEES CLOSE Sold Prices

Land registry data shows three sales for 6 TEES CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Rutland local authority area for the corresponding sale date. All of the three 6 TEES CLOSE 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 8 JUL	£275,000	£411,995	33% below HPI
2005 15 DEC	£210,000	£264,786	21% below HPI
1999 27 SEP	£93,950	£124,383	24% below HPI

6 TEES 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 three 6 TEES CLOSE sales between September 1999 and July 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 December 2005 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the July 2019 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 6 TEES CLOSE?

6 TEES CLOSE is 87m² according to the EPC inspection conducted in March 2019. This puts it in the smallest 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 6 TEES CLOSE lies on this distribution: 17% of detached houses are smaller than 6 TEES CLOSE, and 83% of houses are larger. Note that EPC data is not available for all properties in Oakham.

6 TEES CLOSE: Plot and Title Map

6 TEES CLOSE sits on a plot of roughly 0.146 of an acre, or 590m². The below map shows the location of 6 TEES 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 6 TEES 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 6 TEES CLOSE?

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