7, BACK LANE, SOUTH LUFFENHAM, OAKHAM, LE15 8NQ - £570,000

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.

7 BACK LANE is a very small extended semi-detached house of 99m², built sometime before 1900, which could now be worth an estimated £658,280. It was last sold for £570,000 in May 2021, which was around 109% above the average May 2021 semi-detached price in the Rutland local authority area. The most recent EPC inspection was August 2020, where the current energy rating was E, and the potential energy rating was B.

7 BACK LANE Sold Prices

Land registry data shows two sales for 7 BACK LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Rutland local authority area for the corresponding sale date. Both of the two 7 BACK LANE sales were for above 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
2021 24 MAY	£570,000	£273,179	109% above HPI
2002 5 APR	£193,000	£96,829	99% above HPI

7 BACK LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Rutland local authority area over time, sourced from the HPI. The two 7 BACK LANE sales from April 2002 and May 2021 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 2002 sale was for 99% above the HPI. So the extrapolation line tracks at 99% above the HPI over time, until the May 2021 sale, where it rises to 109% above the HPI. The line then continues to track at 109% above the HPI.

What might 7 BACK LANE be worth now?

7 BACK LANE might now be worth an estimated £658,280.

This is based on house price inflation of 15.5%, between May 2021 and February 2025, for semi-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 15.5% inflationary increase is applied to the most recent sale price for 7 BACK LANE of £570,000 on 24th May 2021. For the value to have increased from £570,000 to £658,280 over the four years and three months to February 2025, the following assumptions must hold true:

• The value of 7 BACK LANE has moved in line with the HPI for semi-detached houses in the Rutland local authority area.
• The May 2021 sale price of £570,000 represented a fair market value for the property.
• The size, condition, and specification of 7 BACK LANE has not materially changed since May 2021.

How Large is 7 BACK LANE?

7 BACK LANE is 99m², which includes one extension, according to the EPC inspection conducted in August 2020. This puts it in the smallest 10% of semi-detached houses houses in South Luffenham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in South Luffenham, and where 7 BACK LANE lies on this distribution: 4% of semi-detached houses houses are smaller than 7 BACK LANE, and 96% of houses are larger. Note that EPC data is not available for all properties in South Luffenham.

7 BACK LANE: Plot and Title Map

7 BACK LANE sits on a plot of roughly 0.232 of an acre, or 938m². The below map shows the location of 7 BACK LANE, 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 7 BACK LANE). 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 7 BACK LANE?

7 BACK LANE is located in SOUTH LUFFENHAM, in the LE15 postcode district. The below map shows the position of No. 7 on BACK LANE.