SHEARWATER HOUSE, MELTON ROAD, LANGHAM, OAKHAM, LE15 7JN - £420,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

SHEARWATER HOUSE is a very large detached house of 202m², built sometime between 1996 and 2002. It was last sold for £420,000 in April 2013, which was around 44% above the average April 2013 detached price in the Rutland local authority area. The most recent EPC inspection was February 2013, where the current energy rating was D, and the potential energy rating was C.

SHEARWATER HOUSE Sold Prices

Land registry data shows three sales for SHEARWATER HOUSE 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 SHEARWATER HOUSE 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
2013 26 APR	£420,000	£291,497	44% above HPI
2007 4 APR	£410,000	£298,062	38% above HPI
2002 1 NOV	£249,995	£210,256	19% above HPI

SHEARWATER HOUSE 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 SHEARWATER HOUSE sales between November 2002 and April 2013 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 April 2007 sale was for 38% above the HPI. So the extrapolation line tracks at 38% above the HPI over time, until the April 2013 sale, where it rises to 44% above the HPI. The line then continues to track at 44% above the HPI.

How Large is SHEARWATER HOUSE?

SHEARWATER HOUSE is 202m² according to the EPC inspection conducted in February 2013. This puts it in the largest 20% of detached houses in Langham, based on EPC data. The below chart shows the distribution of detached houses by size in Langham, and where SHEARWATER HOUSE lies on this distribution: 86% of detached houses are smaller than SHEARWATER HOUSE, and 14% of houses are larger. Note that EPC data is not available for all properties in Langham.

SHEARWATER HOUSE: Plot and Title Map

SHEARWATER HOUSE sits on a plot of roughly 0.121 of an acre, or 488m². The below map shows the location of SHEARWATER HOUSE, 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 SHEARWATER HOUSE). 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 SHEARWATER HOUSE?

SHEARWATER HOUSE is located on MELTON ROAD in LANGHAM, in the LE15 postcode district. The below map shows the position of SHEARWATER HOUSE on MELTON ROAD.