7, REEVES LANE, WING, OAKHAM, LE15 8SD - £555,000

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

7 REEVES LANE is a midsized extended detached house of 191m², built sometime between 1967 and 1975. It was last sold for £555,000 in February 2019, which was around 35% above the average February 2019 detached price in the Rutland local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was C.

7 REEVES LANE Sold Prices

Land registry data shows two sales for 7 REEVES LANE 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. Both of the two 7 REEVES 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
2019 18 FEB	£555,000	£411,230	35% above HPI
1997 19 SEP	£144,000	£108,624	33% above HPI

7 REEVES LANE 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 REEVES LANE sales from September 1997 and February 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 September 1997 sale was for 33% above the HPI. So the extrapolation line tracks at 33% above the HPI over time, until the February 2019 sale, where it rises to 35% above the HPI. The line then continues to track at 35% above the HPI.

How Large is 7 REEVES LANE?

7 REEVES LANE is 191m², which includes one extension, according to the EPC inspection conducted in May 2014. This puts it in the largest 50% of detached houses in Wing, based on EPC data. The below chart shows the distribution of detached houses by size in Wing, and where 7 REEVES LANE lies on this distribution: 50% of detached houses are smaller than 7 REEVES LANE, and 50% of houses are larger. Note that EPC data is not available for all properties in Wing.

7 REEVES LANE: Plot and Title Map

7 REEVES LANE sits on a plot of roughly 0.214 of an acre, or 867m². The below map shows the location of 7 REEVES 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 REEVES 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 REEVES LANE?

7 REEVES LANE is located in WING, in the LE15 postcode district. The below map shows the position of No. 7 on REEVES LANE.