10, TEES CLOSE, OAKHAM, LE15 6SP - £250,000

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 TEES CLOSE is a very small detached house of 82m², built sometime between 1967 and 1975, which could now be worth an estimated £319,201. It was last sold for £250,000 in February 2017, which was around 28% below the average February 2017 detached price in the Rutland local authority area. The most recent EPC inspection was August 2016, where the current energy rating was D, and the potential energy rating was C.

10 TEES CLOSE Sold Prices

Land registry data shows two sales for 10 TEES CLOSE 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 TEES CLOSE 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
2017 28 FEB	£250,000	£345,437	28% below HPI
1995 13 APR	£80,000	£88,174	9% below HPI

10 TEES CLOSE 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 TEES CLOSE sales from April 1995 and February 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 April 1995 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the February 2017 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 10 TEES CLOSE be worth now?

10 TEES CLOSE might now be worth an estimated £319,201.

This is based on house price inflation of 27.7%, between February 2017 and April 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 27.7% inflationary increase is applied to the most recent sale price for 10 TEES CLOSE of £250,000 on 28th February 2017. For the value to have increased from £250,000 to £319,201 over the eight years and ten months to April 2026, the following assumptions must hold true:

• The value of 10 TEES CLOSE has moved in line with the HPI for detached houses in the Rutland local authority area.
• The February 2017 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 10 TEES CLOSE has not materially changed since February 2017.

How Large is 10 TEES CLOSE?

10 TEES CLOSE is 82m² according to the EPC inspection conducted in August 2016. This puts it in the smallest 20% 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 TEES CLOSE lies on this distribution: 10% of detached houses houses are smaller than 10 TEES CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Oakham.

10 TEES CLOSE: Plot and Title Map

10 TEES CLOSE sits on a plot of roughly 0.142 of an acre, or 574m². The below map shows the location of 10 TEES CLOSE, 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 TEES CLOSE). 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 TEES CLOSE?

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