7, JAY CLOSE, OAKHAM, LE15 6BJ - £294,500

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 JAY CLOSE is a large extended detached house of 129m², built sometime between 1991 and 1995. It was last sold for £294,500 in October 2015, which was around 15% below the average October 2015 detached price in the Rutland local authority area. The most recent EPC inspection was November 2014, where the current energy rating was D, and the potential energy rating was B.

7 JAY CLOSE Sold Prices

Land registry data shows two sales for 7 JAY CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Rutland local authority area for the corresponding sale date. One of the two 7 JAY CLOSE sales was for below the average price, whilst the other was 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
2015 28 OCT	£294,500	£344,541	15% below HPI
1998 18 DEC	£111,000	£110,427	1% above HPI

7 JAY 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 two 7 JAY CLOSE sales from December 1998 and October 2015 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 December 1998 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the October 2015 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 7 JAY CLOSE?

7 JAY CLOSE is 129m², which includes one extension, according to the EPC inspection conducted in November 2014. This puts it in the largest 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 7 JAY CLOSE lies on this distribution: 60% of detached houses are smaller than 7 JAY CLOSE, and 39% of houses are larger. Note that EPC data is not available for all properties in Oakham.

7 JAY CLOSE: Plot and Title Map

7 JAY CLOSE sits on a plot of roughly 0.092 of an acre, or 372m². The below map shows the location of 7 JAY 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 JAY 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 JAY CLOSE?

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