6, THE LEAS, COTTESMORE, OAKHAM, LE15 7DG - £155,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

6 THE LEAS is a very small semi-detached house of 25m², built sometime before 1900. It was last sold for £155,000 in July 2018, which was around 61% below the average July 2018 detached price in the Rutland local authority area. The most recent EPC inspection was October 2011, where the current energy rating was E, and the potential energy rating was E.

6 THE LEAS Sold Prices

Land registry data shows three sales for 6 THE LEAS 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 THE LEAS 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
2018 13 JUL	£155,000	£398,998	61% below HPI
2007 3 AUG	£142,500	£300,202	53% below HPI
2005 28 OCT	£95,750	£276,168	65% below HPI

6 THE LEAS 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 THE LEAS sales between October 2005 and July 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 August 2007 sale was for 53% below the HPI. So the extrapolation line tracks at 53% below the HPI over time, until the July 2018 sale, where it falls to 61% below the HPI. The line then continues to track at 61% below the HPI.

How Large is 6 THE LEAS?

6 THE LEAS is 25m² according to the EPC inspection conducted in October 2011. This puts it in the smallest 10% of detached houses in Cottesmore, based on EPC data. The below chart shows the distribution of detached houses by size in Cottesmore, and where 6 THE LEAS lies on this distribution: Less than 1% of detached houses are smaller than 6 THE LEAS, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Cottesmore.

6 THE LEAS: Plot and Title Map

6 THE LEAS sits on a plot of roughly 0.022 of an acre, or 91m². The below map shows the location of 6 THE LEAS, 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 THE LEAS). 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 THE LEAS?

6 THE LEAS is located in COTTESMORE, in the LE15 postcode district. The below map shows the position of No. 6 on THE LEAS.