1, BALMORAL ROAD, OAKHAM, LE15 6RT - £290,000

1 BALMORAL ROAD is a very small extended detached house of 87m², built sometime between 1967 and 1975. It was last sold for £290,000 in September 2020, which was around 37% below the average September 2020 detached price in the Rutland local authority area. The most recent EPC inspection was March 2011, where the current energy rating was D, and the potential energy rating was D.

1 BALMORAL ROAD Sold Prices

Land registry data shows four sales for 1 BALMORAL ROAD 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 1 BALMORAL ROAD 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
2020 24 SEP	£290,000	£460,254	37% below HPI
2015 30 NOV	£272,500	£340,783	20% below HPI
2012 25 JUN	£215,000	£290,205	26% below HPI
1999 22 JAN	£82,000	£108,219	24% below HPI

1 BALMORAL ROAD 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 1 BALMORAL ROAD sales between January 1999 and September 2020 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 November 2015 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the September 2020 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 1 BALMORAL ROAD?

1 BALMORAL ROAD is 87m², which includes one extension, according to the EPC inspection conducted in March 2011. This puts it in the smallest 20% of detached houses in Oakham, based on EPC data. The below chart shows the distribution of detached houses by size in Oakham, and where 1 BALMORAL ROAD lies on this distribution: 17% of detached houses are smaller than 1 BALMORAL ROAD, and 83% of houses are larger. Note that EPC data is not available for all properties in Oakham.

1 BALMORAL ROAD: Plot and Title Map

1 BALMORAL ROAD sits on a plot of roughly 0.183 of an acre, or 742m². The below map shows the location of 1 BALMORAL ROAD, 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 1 BALMORAL ROAD). 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 1 BALMORAL ROAD?

1 BALMORAL ROAD is located in OAKHAM, in the LE15 postcode district. The below map shows the position of No. 1 on BALMORAL ROAD.