7, GRIFFITHS CLOSE, OAKHAM, LE15 6FP - £340,000

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 GRIFFITHS CLOSE is a small extended detached house of 100m², built sometime between 1996 and 2002, which could now be worth an estimated £404,317. It was last sold for £340,000 in November 2019, which was around 17% below the average November 2019 detached price in the Rutland local authority area. The most recent EPC inspection was May 2019, where the current energy rating was D, and the potential energy rating was B.

7 GRIFFITHS CLOSE Sold Prices

Land registry data shows three sales for 7 GRIFFITHS CLOSE 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 7 GRIFFITHS CLOSE 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
2019 8 NOV	£340,000	£409,121	17% below HPI
2004 5 FEB	£215,000	£221,553	3% below HPI
1998 16 DEC	£101,000	£104,620	3% below HPI

7 GRIFFITHS CLOSE 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 7 GRIFFITHS CLOSE sales between December 1998 and November 2019 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 February 2004 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the November 2019 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 7 GRIFFITHS CLOSE be worth now?

7 GRIFFITHS CLOSE might now be worth an estimated £404,317.

This is based on house price inflation of 18.9%, between November 2019 and February 2025, for 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 18.9% inflationary increase is applied to the most recent sale price for 7 GRIFFITHS CLOSE of £340,000 on 8th November 2019. For the value to have increased from £340,000 to £404,317 over the six years and nine months to February 2025, the following assumptions must hold true:

• The value of 7 GRIFFITHS CLOSE has moved in line with the HPI for detached houses in the Rutland local authority area.
• The November 2019 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 7 GRIFFITHS CLOSE has not materially changed since November 2019.

How Large is 7 GRIFFITHS CLOSE?

7 GRIFFITHS CLOSE is 100m², which includes one extension, according to the EPC inspection conducted in May 2019. This puts it in the smallest 40% of detached houses houses in Oakham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Oakham, and where 7 GRIFFITHS CLOSE lies on this distribution: 31% of detached houses houses are smaller than 7 GRIFFITHS CLOSE, and 68% of houses are larger. Note that EPC data is not available for all properties in Oakham.

7 GRIFFITHS CLOSE: Plot and Title Map

7 GRIFFITHS CLOSE sits on a plot of roughly 0.078 of an acre, or 314m². The below map shows the location of 7 GRIFFITHS CLOSE, 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 GRIFFITHS CLOSE). 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 GRIFFITHS CLOSE?

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