1, SCHOOL LANE, EMPINGHAM, OAKHAM, LE15 8PQ - £385,000

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 SCHOOL LANE is a large detached house of 205m², built sometime between 1991 and 1995, which could now be worth an estimated £592,213. It was last sold for £385,000 in November 2010, which was around 39% above the average November 2010 detached price in the Rutland local authority area. The most recent EPC inspection was July 2009, where the current energy rating was E, and the potential energy rating was D.

1 SCHOOL LANE Sold Prices

Land registry data shows two sales for 1 SCHOOL 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. Both of the two 1 SCHOOL LANE 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
2010 17 NOV	£385,000	£277,677	39% above HPI
1997 30 SEP	£182,500	£102,912	77% above HPI

1 SCHOOL 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 SCHOOL LANE sales from September 1997 and November 2010 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 1997 sale was for 77% above the HPI. So the extrapolation line tracks at 77% above the HPI over time, until the November 2010 sale, where it falls to 39% above the HPI. The line then continues to track at 39% above the HPI.

What might 1 SCHOOL LANE be worth now?

1 SCHOOL LANE might now be worth an estimated £592,213.

This is based on house price inflation of 53.8%, between November 2010 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 53.8% inflationary increase is applied to the most recent sale price for 1 SCHOOL LANE of £385,000 on 17th November 2010. For the value to have increased from £385,000 to £592,213 over the sixteen years and six months to May 2026, the following assumptions must hold true:

• The value of 1 SCHOOL LANE has moved in line with the HPI for detached houses in the Rutland local authority area.
• The November 2010 sale price of £385,000 represented a fair market value for the property.
• The size, condition, and specification of 1 SCHOOL LANE has not materially changed since November 2010.

How Large is 1 SCHOOL LANE?

1 SCHOOL LANE is 205m² according to the EPC inspection conducted in July 2009. This puts it in the largest 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 SCHOOL LANE lies on this distribution: 69% of detached houses houses are smaller than 1 SCHOOL LANE, and 31% of houses are larger. Note that EPC data is not available for all properties in Empingham.

1 SCHOOL LANE: Plot and Title Map

1 SCHOOL LANE sits on a plot of roughly 0.221 of an acre, or 896m². The below map shows the location of 1 SCHOOL 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 SCHOOL 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 SCHOOL LANE?

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