65, WELLAND WAY, OAKHAM, LE15 6SL - £119,950

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

65 WELLAND WAY is a very small extended detached house of 78m², built sometime between 1967 and 1975. It was last sold for £119,950 in March 2002, which was around 29% below the average March 2002 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 B.

65 WELLAND WAY Sold Prices

Land registry data shows three sales for 65 WELLAND WAY 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 65 WELLAND WAY 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
2002 27 MAR	£119,950	£169,930	29% below HPI
2001 11 APR	£83,000	£150,223	45% below HPI
1997 15 OCT	£59,995	£113,042	47% below HPI

65 WELLAND WAY 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 65 WELLAND WAY sales between October 1997 and March 2002 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 April 2001 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the March 2002 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 65 WELLAND WAY?

65 WELLAND WAY is 78m², which includes one extension, according to the EPC inspection conducted in October 2023. This puts it in the smallest 10% of detached houses in Oakham, based on EPC data. The below chart shows the distribution of detached houses by size in Oakham, and where 65 WELLAND WAY lies on this distribution: 8% of detached houses are smaller than 65 WELLAND WAY, and 91% of houses are larger. Note that EPC data is not available for all properties in Oakham.

65 WELLAND WAY: Plot and Title Map

65 WELLAND WAY sits on a plot of roughly 0.082 of an acre, or 332m². The below map shows the location of 65 WELLAND WAY, 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 65 WELLAND WAY). 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 65 WELLAND WAY?

65 WELLAND WAY is located in OAKHAM, in the LE15 postcode district. The below map shows the position of No. 65 on WELLAND WAY.