8, JAY CLOSE, OAKHAM, LE15 6BJ - £245,000

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 JAY CLOSE is a very small detached house of 75m², built sometime between 1983 and 1990, which could now be worth an estimated £323,183. It was last sold for £245,000 in January 2018, which was around 34% below the average January 2018 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 D.

8 JAY CLOSE Sold Prices

Land registry data shows two sales for 8 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. Both of the two 8 JAY 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
2018 26 JAN	£245,000	£368,818	34% below HPI
2013 25 OCT	£210,000	£294,519	29% below HPI

8 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 8 JAY CLOSE sales from October 2013 and January 2018 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 October 2013 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the January 2018 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 8 JAY CLOSE be worth now?

8 JAY CLOSE might now be worth an estimated £323,183.

This is based on house price inflation of 31.9%, between January 2018 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 31.9% inflationary increase is applied to the most recent sale price for 8 JAY CLOSE of £245,000 on 26th January 2018. For the value to have increased from £245,000 to £323,183 over the six years and eleven months to February 2025, the following assumptions must hold true:

• The value of 8 JAY CLOSE has moved in line with the HPI for detached houses in the Rutland local authority area.
• The January 2018 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 8 JAY CLOSE has not materially changed since January 2018.

How Large is 8 JAY CLOSE?

8 JAY CLOSE is 75m² according to the EPC inspection conducted in February 2012. This puts it in the smallest 10% 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 JAY CLOSE lies on this distribution: 7% of detached houses houses are smaller than 8 JAY CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Oakham.

8 JAY CLOSE: Plot and Title Map

8 JAY CLOSE sits on a plot of roughly 0.084 of an acre, or 339m². The below map shows the location of 8 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 8 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 8 JAY CLOSE?

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