8, CHAFFINCH CLOSE, OAKHAM, LE15 6BY - £550,000

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

8 CHAFFINCH CLOSE is a very large detached house of 205m², built sometime between 1991 and 1995. It was last sold for £550,000 in August 2022, which was around 10% above the average August 2022 detached price in the Rutland local authority area. The most recent EPC inspection was February 2022, where the current energy rating was C, and the potential energy rating was C.

8 CHAFFINCH CLOSE Sold Prices

Land registry data shows three sales for 8 CHAFFINCH 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 8 CHAFFINCH CLOSE 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
2022 26 AUG	£550,000	£502,186	10% above HPI
2012 23 MAY	£312,500	£294,670	6% above HPI
2000 31 JUL	£157,500	£146,545	7% above HPI

8 CHAFFINCH 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 8 CHAFFINCH CLOSE sales between July 2000 and August 2022 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 May 2012 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the August 2022 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is 8 CHAFFINCH CLOSE?

8 CHAFFINCH CLOSE is 205m² according to the EPC inspection conducted in February 2022. This puts it in the largest 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 8 CHAFFINCH CLOSE lies on this distribution: 94% of detached houses are smaller than 8 CHAFFINCH CLOSE, and 6% of houses are larger. Note that EPC data is not available for all properties in Oakham.

8 CHAFFINCH CLOSE: Plot and Title Map

8 CHAFFINCH CLOSE sits on a plot of roughly 44.9 acres, or 181,666m². The below map shows the location of 8 CHAFFINCH 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 8 CHAFFINCH 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 8 CHAFFINCH CLOSE?

8 CHAFFINCH CLOSE is located in OAKHAM, in the LE15 postcode district. The below map shows the position of No. 8 on CHAFFINCH CLOSE.