69, WELLAND WAY, OAKHAM, LE15 6SL - £290,000

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

69 WELLAND WAY is a small extended detached house of 102m², built sometime between 1967 and 1975. It was last sold for £290,000 in January 2024, which was around 44% below the average January 2024 detached price in the Rutland local authority area. The most recent EPC inspection was July 2023, where the current energy rating was C, and the potential energy rating was B.

69 WELLAND WAY Sold Prices

Land registry data shows three sales for 69 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 69 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
2024 26 JAN	£290,000	£518,516	44% below HPI
2013 30 JUL	£178,000	£306,827	42% below HPI
2011 13 APR	£135,500	£308,496	56% below HPI

69 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 69 WELLAND WAY sales between April 2011 and January 2024 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 July 2013 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the January 2024 sale, where it falls to 44% below the HPI. The line then continues to track at 44% below the HPI.

How Large is 69 WELLAND WAY?

69 WELLAND WAY is 102m², which includes two extensions, according to the EPC inspection conducted in July 2023. This puts it in the smallest 40% of detached houses in Oakham, based on EPC data. The below chart shows the distribution of detached houses by size in Oakham, and where 69 WELLAND WAY lies on this distribution: 34% of detached houses are smaller than 69 WELLAND WAY, and 65% of houses are larger. Note that EPC data is not available for all properties in Oakham.

69 WELLAND WAY: Plot and Title Map

69 WELLAND WAY sits on a plot of roughly 0.068 of an acre, or 274m². The below map shows the location of 69 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 69 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 69 WELLAND WAY?

69 WELLAND WAY is located in OAKHAM, in the LE15 postcode district. The below map shows the position of No. 69 on WELLAND WAY.