THE MEADOWS, KIRKS CLOSE, GREETHAM, OAKHAM, LE15 7NT - £420,000

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

THE MEADOWS is a large extended detached house of 187m², built sometime between 1976 and 1982, which could now be worth an estimated £788,934. It was last sold for £420,000 in May 2006, which was around 62% above the average May 2006 detached price in the Rutland local authority area. The most recent EPC inspection was July 2023, where the current energy rating was C, and the potential energy rating was B.

THE MEADOWS Sold Prices

Land registry data shows three sales for THE MEADOWS 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 THE MEADOWS 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
2006 19 MAY	£420,000	£259,002	62% above HPI
2000 4 DEC	£215,000	£142,373	51% above HPI
1995 19 OCT	£158,000	£90,930	74% above HPI

THE MEADOWS 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 THE MEADOWS sales between October 1995 and May 2006 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 December 2000 sale was for 51% above the HPI. So the extrapolation line tracks at 51% above the HPI over time, until the May 2006 sale, where it rises to 62% above the HPI. The line then continues to track at 62% above the HPI.

What might THE MEADOWS be worth now?

THE MEADOWS might now be worth an estimated £788,934.

This is based on house price inflation of 87.8%, between May 2006 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 87.8% inflationary increase is applied to the most recent sale price for THE MEADOWS of £420,000 on 19th May 2006. For the value to have increased from £420,000 to £788,934 over the nineteen years and three months to February 2025, the following assumptions must hold true:

• The value of THE MEADOWS has moved in line with the HPI for detached houses in the Rutland local authority area.
• The May 2006 sale price of £420,000 represented a fair market value for the property.
• The size, condition, and specification of THE MEADOWS has not materially changed since May 2006.

How Large is THE MEADOWS?

THE MEADOWS is 187m², which includes three extensions, according to the EPC inspection conducted in July 2023. This puts it in the largest 40% of detached houses houses in Greetham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Greetham, and where THE MEADOWS lies on this distribution: 66% of detached houses houses are smaller than THE MEADOWS, and 32% of houses are larger. Note that EPC data is not available for all properties in Greetham.

THE MEADOWS: Plot and Title Map

THE MEADOWS sits on a plot of roughly 1.8 acres, or 7,303m². The below map shows the location of THE MEADOWS, 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 MEADOWS). 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 MEADOWS?

THE MEADOWS is located on KIRKS CLOSE in GREETHAM, in the LE15 postcode district. The below map shows the position of THE MEADOWS on KIRKS CLOSE.