10, EDWARDS WAY, OAKHAM, LE15 6GJ - £320,000

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.

10 EDWARDS WAY is a midsized detached house of 111m², which could now be worth an estimated £480,071. It was last sold for £320,000 in June 2016, which was around 1% below the average June 2016 detached price in the Rutland local authority area. The most recent EPC inspection was October 2015, where the current energy rating was B, and the potential energy rating was A.

10 EDWARDS WAY Sold Prices

Land registry data shows two sales for 10 EDWARDS WAY 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 10 EDWARDS WAY 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
2016 3 JUN	£320,000	£323,293	1% below HPI
2015 27 NOV	£264,995	£322,863	18% below HPI

10 EDWARDS WAY 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 10 EDWARDS WAY sales from November 2015 and June 2016 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 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the June 2016 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 10 EDWARDS WAY be worth now?

10 EDWARDS WAY might now be worth an estimated £480,071.

This is based on house price inflation of 50%, between June 2016 and June 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 50% inflationary increase is applied to the most recent sale price for 10 EDWARDS WAY of £320,000 on 3rd June 2016. For the value to have increased from £320,000 to £480,071 over the nine years to June 2025, the following assumptions must hold true:

• The value of 10 EDWARDS WAY has moved in line with the HPI for detached houses in the Rutland local authority area.
• The June 2016 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of 10 EDWARDS WAY has not materially changed since June 2016.

How Large is 10 EDWARDS WAY?

10 EDWARDS WAY is 111m² according to the EPC inspection conducted in October 2015. This puts it in the smallest 50% of detached houses houses in Oakham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Oakham, and where 10 EDWARDS WAY lies on this distribution: 44% of detached houses houses are smaller than 10 EDWARDS WAY, and 55% of houses are larger. Note that EPC data is not available for all properties in Oakham.

10 EDWARDS WAY: Plot and Title Map

10 EDWARDS WAY sits on a plot of roughly 0.085 of an acre, or 342m². The below map shows the location of 10 EDWARDS WAY, 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 10 EDWARDS WAY). 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 10 EDWARDS WAY?

10 EDWARDS WAY is located in OAKHAM, in the LE15 postcode district. The below map shows the position of No. 10 on EDWARDS WAY.