8, GRIFFITHS CLOSE, OAKHAM, LE15 6FP - £247,000

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.

8 GRIFFITHS CLOSE is a small detached house of 101m², built sometime between 1996 and 2002, which could now be worth an estimated £395,673. It was last sold for £247,000 in April 2015, which was around 19% below the average April 2015 detached price in the Rutland local authority area. The most recent EPC inspection was April 2012, where the current energy rating was D, and the potential energy rating was C.

8 GRIFFITHS CLOSE Sold Prices

Land registry data shows five sales for 8 GRIFFITHS CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Rutland local authority area for the corresponding sale date. Most of the five 8 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
2015 23 APR	£247,000	£303,707	19% below HPI
2012 22 NOV	£232,000	£279,467	17% below HPI
2006 4 AUG	£245,000	£259,266	6% below HPI
2004 16 FEB	£205,000	£221,553	7% below HPI
1999 26 FEB	£101,000	£98,818	2% above HPI

8 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 five 8 GRIFFITHS CLOSE sales between February 1999 and April 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 November 2012 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the April 2015 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 8 GRIFFITHS CLOSE be worth now?

8 GRIFFITHS CLOSE might now be worth an estimated £395,673.

This is based on house price inflation of 60.2%, between April 2015 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 60.2% inflationary increase is applied to the most recent sale price for 8 GRIFFITHS CLOSE of £247,000 on 23rd April 2015. For the value to have increased from £247,000 to £395,673 over the ten years and two months to February 2025, the following assumptions must hold true:

• The value of 8 GRIFFITHS CLOSE has moved in line with the HPI for detached houses in the Rutland local authority area.
• The April 2015 sale price of £247,000 represented a fair market value for the property.
• The size, condition, and specification of 8 GRIFFITHS CLOSE has not materially changed since April 2015.

How Large is 8 GRIFFITHS CLOSE?

8 GRIFFITHS CLOSE is 101m² according to the EPC inspection conducted in April 2012. 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 8 GRIFFITHS CLOSE lies on this distribution: 32% of detached houses houses are smaller than 8 GRIFFITHS CLOSE, and 67% of houses are larger. Note that EPC data is not available for all properties in Oakham.

8 GRIFFITHS CLOSE: Plot and Title Map

8 GRIFFITHS CLOSE sits on a plot of roughly 0.073 of an acre, or 295m². The below map shows the location of 8 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 8 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 8 GRIFFITHS CLOSE?

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