THE OLD SHOP, MILL LANE, BARROWDEN, OAKHAM, LE15 8EH - £640,000

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 OLD SHOP is a small extended detached house of 140m², built sometime between 2003 and 2006, which could now be worth an estimated £1,110,416. It was last sold for £640,000 in February 2014, which was around 128% above the average February 2014 detached price in the Rutland local authority area. The most recent EPC inspection was December 2010, where the current energy rating was C, and the potential energy rating was C.

THE OLD SHOP Sold Prices

Land registry data shows two sales for THE OLD SHOP 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. One of the two THE OLD SHOP sales was for above the average price, whilst the other was 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
2014 17 FEB	£640,000	£280,407	128% above HPI
2003 9 APR	£186,000	£200,284	7% below HPI

THE OLD SHOP 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 THE OLD SHOP sales from April 2003 and February 2014 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 2003 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the February 2014 sale, where it rises to 128% above the HPI. The line then continues to track at 128% above the HPI.

What might THE OLD SHOP be worth now?

THE OLD SHOP might now be worth an estimated £1,110,416.

This is based on house price inflation of 73.5%, between February 2014 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 73.5% inflationary increase is applied to the most recent sale price for THE OLD SHOP of £640,000 on 17th February 2014. For the value to have increased from £640,000 to £1,110,416 over the eleven years to February 2025, the following assumptions must hold true:

• The value of THE OLD SHOP has moved in line with the HPI for detached houses in the Rutland local authority area.
• The February 2014 sale price of £640,000 represented a fair market value for the property.
• The size, condition, and specification of THE OLD SHOP has not materially changed since February 2014.

How Large is THE OLD SHOP?

THE OLD SHOP is 140m², which includes one extension, according to the EPC inspection conducted in December 2010. This puts it in the smallest 40% of detached houses houses in Barrowden, based on EPC data. The below chart shows the distribution of detached houses houses by size in Barrowden, and where THE OLD SHOP lies on this distribution: 38% of detached houses houses are smaller than THE OLD SHOP, and 62% of houses are larger. Note that EPC data is not available for all properties in Barrowden.

THE OLD SHOP: Plot and Title Map

THE OLD SHOP sits on a plot of roughly 0.160 of an acre, or 649m². The below map shows the location of THE OLD SHOP, 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 OLD SHOP). 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 OLD SHOP?

THE OLD SHOP is located on MILL LANE in BARROWDEN, in the LE15 postcode district. The below map shows the position of THE OLD SHOP on MILL LANE.