71, WELLAND WAY, OAKHAM, LE15 6SL - £213,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

71 WELLAND WAY is a large extended detached house of 137m², built sometime between 1967 and 1975, which could now be worth an estimated £371,190. It was last sold for £213,000 in May 2012, which was around 24% below the average May 2012 detached price in the Rutland local authority area. The most recent EPC inspection was February 2012, where the current energy rating was D, and the potential energy rating was C.

71 WELLAND WAY Sold Prices

Land registry data shows two sales for 71 WELLAND WAY 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 71 WELLAND 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
2012 18 MAY	£213,000	£279,176	24% below HPI
1999 9 APR	£85,000	£109,065	22% below HPI

71 WELLAND 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 two 71 WELLAND WAY sales from April 1999 and May 2012 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 1999 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the May 2012 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 71 WELLAND WAY be worth now?

71 WELLAND WAY might now be worth an estimated £371,190.

This is based on house price inflation of 74.3%, between May 2012 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 74.3% inflationary increase is applied to the most recent sale price for 71 WELLAND WAY of £213,000 on 18th May 2012. For the value to have increased from £213,000 to £371,190 over the thirteen years and three months to February 2025, the following assumptions must hold true:

• The value of 71 WELLAND WAY has moved in line with the HPI for detached houses in the Rutland local authority area.
• The May 2012 sale price of £213,000 represented a fair market value for the property.
• The size, condition, and specification of 71 WELLAND WAY has not materially changed since May 2012.

How Large is 71 WELLAND WAY?

71 WELLAND WAY is 137m², which includes one extension, according to the EPC inspection conducted in February 2012. This puts it in the largest 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 71 WELLAND WAY lies on this distribution: 66% of detached houses houses are smaller than 71 WELLAND WAY, and 34% of houses are larger. Note that EPC data is not available for all properties in Oakham.

71 WELLAND WAY: Plot and Title Map

71 WELLAND WAY sits on a plot of roughly 0.075 of an acre, or 303m². The below map shows the location of 71 WELLAND 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 71 WELLAND 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 71 WELLAND WAY?

71 WELLAND WAY is located in OAKHAM, in the LE15 postcode district. The below map shows the position of No. 71 on WELLAND WAY.