7, GLEBE WAY, OAKHAM, LE15 6LX - £279,950

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

7 GLEBE WAY is a very small detached house of 55m², built sometime between 1976 and 1982. It was last sold for £279,950 in April 2023, which was around 43% below the average April 2023 detached price in the Rutland local authority area. The most recent EPC inspection was March 2020, where the current energy rating was D, and the potential energy rating was B.

7 GLEBE WAY Sold Prices

Land registry data shows four sales for 7 GLEBE WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Rutland local authority area for the corresponding sale date. All of the four 7 GLEBE 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
2023 12 APR	£279,950	£488,730	43% below HPI
2018 21 NOV	£229,950	£411,283	44% below HPI
2015 8 JUN	£195,000	£319,817	39% below HPI
2014 17 APR	£140,000	£307,182	54% below HPI

7 GLEBE 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 four 7 GLEBE WAY sales between April 2014 and April 2023 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 November 2018 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the April 2023 sale, where it rises to 43% below the HPI. The line then continues to track at 43% below the HPI.

How Large is 7 GLEBE WAY?

7 GLEBE WAY is 55m² according to the EPC inspection conducted in March 2020. 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 7 GLEBE WAY lies on this distribution: Less than 1% of detached houses are smaller than 7 GLEBE WAY, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Oakham.

7 GLEBE WAY: Plot and Title Map

7 GLEBE WAY sits on a plot of roughly 0.072 of an acre, or 291m². The below map shows the location of 7 GLEBE 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 7 GLEBE 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 7 GLEBE WAY?

7 GLEBE WAY is located in OAKHAM, in the LE15 postcode district. The below map shows the position of No. 7 on GLEBE WAY.