1, NOOK LANE, EMPINGHAM, OAKHAM, LE15 8PT - £374,000

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.

1 NOOK LANE is a small extended detached house of 135m², built sometime between 1967 and 1975, which could now be worth an estimated £430,655. It was last sold for £374,000 in September 2017, which was around 1% above the average September 2017 detached price in the Rutland local authority area. The most recent EPC inspection was April 2017, where the current energy rating was D, and the potential energy rating was B.

1 NOOK LANE Sold Prices

Land registry data shows two sales for 1 NOOK LANE 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 1 NOOK LANE 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
2017 5 SEP	£374,000	£370,936	1% above HPI
2007 18 MAY	£275,000	£288,575	5% below HPI

1 NOOK LANE 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 1 NOOK LANE sales from May 2007 and September 2017 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 May 2007 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the September 2017 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 1 NOOK LANE be worth now?

1 NOOK LANE might now be worth an estimated £430,655.

This is based on house price inflation of 15.1%, between September 2017 and May 2026, 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 15.1% inflationary increase is applied to the most recent sale price for 1 NOOK LANE of £374,000 on 5th September 2017. For the value to have increased from £374,000 to £430,655 over the nine years and four months to May 2026, the following assumptions must hold true:

• The value of 1 NOOK LANE has moved in line with the HPI for detached houses in the Rutland local authority area.
• The September 2017 sale price of £374,000 represented a fair market value for the property.
• The size, condition, and specification of 1 NOOK LANE has not materially changed since September 2017.

How Large is 1 NOOK LANE?

1 NOOK LANE is 135m², which includes one extension, according to the EPC inspection conducted in April 2017. This puts it in the smallest 40% of detached houses houses in Empingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Empingham, and where 1 NOOK LANE lies on this distribution: 37% of detached houses houses are smaller than 1 NOOK LANE, and 60% of houses are larger. Note that EPC data is not available for all properties in Empingham.

1 NOOK LANE: Plot and Title Map

1 NOOK LANE sits on a plot of roughly 0.094 of an acre, or 381m². The below map shows the location of 1 NOOK LANE, 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 NOOK LANE). 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 NOOK LANE?

1 NOOK LANE is located in EMPINGHAM, in the LE15 postcode district. The below map shows the position of No. 1 on NOOK LANE.