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

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 TEES CLOSE is a very small detached house of 87m², built sometime between 1976 and 1982, which could now be worth an estimated £342,763. It was last sold for £275,000 in July 2019, which was around 30% 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	£390,331	30% below HPI
2005 15 DEC	£210,000	£250,862	16% below HPI
1999 27 SEP	£93,950	£117,843	20% 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 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the July 2019 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 6 TEES CLOSE be worth now?

6 TEES CLOSE might now be worth an estimated £342,763.

This is based on house price inflation of 24.6%, between July 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 24.6% inflationary increase is applied to the most recent sale price for 6 TEES CLOSE of £275,000 on 8th July 2019. For the value to have increased from £275,000 to £342,763 over the six years and five months to February 2025, the following assumptions must hold true:

• The value of 6 TEES CLOSE has moved in line with the HPI for detached houses in the Rutland local authority area.
• The July 2019 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 6 TEES CLOSE has not materially changed since July 2019.

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 houses in Oakham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Oakham, and where 6 TEES CLOSE lies on this distribution: 16% of detached houses 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.