8, RANKSBOROUGH DRIVE, LANGHAM, OAKHAM, LE15 7JR - £587,500

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 RANKSBOROUGH DRIVE is a very large extended detached house of 209m², built sometime between 1950 and 1966, which could now be worth an estimated £749,099. It was last sold for £587,500 in December 2018, which was around 54% above the average December 2018 detached price in the Rutland local authority area. The most recent EPC inspection was October 2016, where the current energy rating was D, and the potential energy rating was C.

8 RANKSBOROUGH DRIVE Sold Prices

Land registry data shows two sales for 8 RANKSBOROUGH DRIVE 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 RANKSBOROUGH DRIVE 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
2018 14 DEC	£587,500	£381,560	54% above HPI
2000 15 AUG	£225,000	£145,081	55% above HPI

8 RANKSBOROUGH DRIVE 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 RANKSBOROUGH DRIVE sales from August 2000 and December 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 August 2000 sale was for 55% above the HPI. So the extrapolation line tracks at 55% above the HPI over time, until the December 2018 sale, where it falls to 54% above the HPI. The line then continues to track at 54% above the HPI.

What might 8 RANKSBOROUGH DRIVE be worth now?

8 RANKSBOROUGH DRIVE might now be worth an estimated £749,099.

This is based on house price inflation of 27.5%, between December 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 27.5% inflationary increase is applied to the most recent sale price for 8 RANKSBOROUGH DRIVE of £587,500 on 14th December 2018. For the value to have increased from £587,500 to £749,099 over the seven years and ten months to February 2025, the following assumptions must hold true:

• The value of 8 RANKSBOROUGH DRIVE has moved in line with the HPI for detached houses in the Rutland local authority area.
• The December 2018 sale price of £587,500 represented a fair market value for the property.
• The size, condition, and specification of 8 RANKSBOROUGH DRIVE has not materially changed since December 2018.

How Large is 8 RANKSBOROUGH DRIVE?

8 RANKSBOROUGH DRIVE is 209m², which includes four extensions, according to the EPC inspection conducted in October 2016. This puts it in the largest 20% of detached houses houses in Langham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Langham, and where 8 RANKSBOROUGH DRIVE lies on this distribution: 86% of detached houses houses are smaller than 8 RANKSBOROUGH DRIVE, and 14% of houses are larger. Note that EPC data is not available for all properties in Langham.

8 RANKSBOROUGH DRIVE: Plot and Title Map

8 RANKSBOROUGH DRIVE sits on a plot of roughly 0.314 of an acre, or 1,270m². The below map shows the location of 8 RANKSBOROUGH DRIVE, 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 RANKSBOROUGH DRIVE). 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 RANKSBOROUGH DRIVE?

8 RANKSBOROUGH DRIVE is located in LANGHAM, in the LE15 postcode district. The below map shows the position of No. 8 on RANKSBOROUGH DRIVE.