THE BARN, GLEBE ROAD, NORTH LUFFENHAM, OAKHAM, LE15 8JU - £405,000

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.

THE BARN is a large detached house of 167m², built sometime before 1900, which could now be worth an estimated £521,240. It was last sold for £405,000 in July 2018, which was around 7% above the average July 2018 detached price in the Rutland local authority area. The most recent EPC inspection was April 2015, where the current energy rating was E, and the potential energy rating was B.

THE BARN Sold Prices

Land registry data shows four sales for THE BARN since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Rutland local authority area for the corresponding sale date. All of the four THE BARN 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 20 JUL	£405,000	£378,017	7% above HPI
2015 21 SEP	£402,500	£326,974	23% above HPI
2004 1 SEP	£405,000	£253,602	60% above HPI
1997 27 JAN	£180,000	£96,315	87% above HPI

THE BARN 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 four THE BARN sales between January 1997 and July 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 September 2015 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the July 2018 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might THE BARN be worth now?

THE BARN might now be worth an estimated £521,240.

This is based on house price inflation of 28.7%, between July 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 28.7% inflationary increase is applied to the most recent sale price for THE BARN of £405,000 on 20th July 2018. For the value to have increased from £405,000 to £521,240 over the seven years and five months to February 2025, the following assumptions must hold true:

• The value of THE BARN has moved in line with the HPI for detached houses in the Rutland local authority area.
• The July 2018 sale price of £405,000 represented a fair market value for the property.
• The size, condition, and specification of THE BARN has not materially changed since July 2018.

How Large is THE BARN?

THE BARN is 167m² according to the EPC inspection conducted in April 2015. This puts it in the largest 30% of detached houses houses in North Luffenham, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Luffenham, and where THE BARN lies on this distribution: 72% of detached houses houses are smaller than THE BARN, and 24% of houses are larger. Note that EPC data is not available for all properties in North Luffenham.

THE BARN: Plot and Title Map

THE BARN sits on a plot of roughly 0.233 of an acre, or 941m². The below map shows the location of THE BARN, 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 THE BARN). 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 THE BARN?

THE BARN is located on GLEBE ROAD in NORTH LUFFENHAM, in the LE15 postcode district. The below map shows the position of THE BARN on GLEBE ROAD.