8, SUTHERN CLOSE, OAKHAM, LE15 6FX - £250,000

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

8 SUTHERN CLOSE is a very small extended detached house of 71m², built sometime between 1996 and 2002, which could now be worth an estimated £376,718. It was last sold for £250,000 in November 2015, which was around 23% below the average November 2015 detached price in the Rutland local authority area. The most recent EPC inspection was January 2016, where the current energy rating was E, and the potential energy rating was B.

8 SUTHERN CLOSE Sold Prices

Land registry data shows six sales for 8 SUTHERN CLOSE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Rutland local authority area for the corresponding sale date. All of the six 8 SUTHERN 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 16 NOV	£250,000	£322,863	23% below HPI
2011 5 AUG	£210,000	£285,187	26% below HPI
2010 22 APR	£220,000	£277,116	21% below HPI
2008 7 NOV	£210,000	£257,647	18% below HPI
2002 7 JAN	£129,950	£167,159	22% below HPI
1999 26 NOV	£91,950	£117,196	22% below HPI

8 SUTHERN 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 six 8 SUTHERN CLOSE sales between November 1999 and November 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 August 2011 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the November 2015 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 8 SUTHERN CLOSE be worth now?

8 SUTHERN CLOSE might now be worth an estimated £376,718.

This is based on house price inflation of 50.7%, between November 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 50.7% inflationary increase is applied to the most recent sale price for 8 SUTHERN CLOSE of £250,000 on 16th November 2015. For the value to have increased from £250,000 to £376,718 over the ten years and nine months to February 2025, the following assumptions must hold true:

• The value of 8 SUTHERN CLOSE has moved in line with the HPI for detached houses in the Rutland local authority area.
• The November 2015 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 8 SUTHERN CLOSE has not materially changed since November 2015.

How Large is 8 SUTHERN CLOSE?

8 SUTHERN CLOSE is 71m², which includes two extensions, according to the EPC inspection conducted in January 2016. 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 SUTHERN CLOSE lies on this distribution: 4% of detached houses houses are smaller than 8 SUTHERN CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Oakham.

8 SUTHERN CLOSE: Plot and Title Map

8 SUTHERN CLOSE sits on a plot of roughly 57.6 acres, or 233,161m². The below map shows the location of 8 SUTHERN 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 SUTHERN 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 SUTHERN CLOSE?

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