11, JOHNSON CLOSE, NORTH LUFFENHAM, OAKHAM, LE15 8LL - £262,000

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.

11 JOHNSON CLOSE is a very small extended semi-detached house of 84m², built sometime between 1991 and 1995, which could now be worth an estimated £249,497. It was last sold for £262,000 in March 2022, which was around 10% below the average March 2022 semi-detached price in the Rutland local authority area. The most recent EPC inspection was November 2021, where the current energy rating was D, and the potential energy rating was B.

11 JOHNSON CLOSE Sold Prices

Land registry data shows five sales for 11 JOHNSON CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the Rutland local authority area for the corresponding sale date. All of the five 11 JOHNSON 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
2022 24 MAR	£262,000	£289,677	10% below HPI
2016 31 MAY	£180,000	£203,796	12% below HPI
2011 11 NOV	£145,000	£178,632	19% below HPI
2007 15 JAN	£142,000	£171,786	17% below HPI
1998 28 AUG	£56,250	£70,426	20% below HPI

11 JOHNSON CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Rutland local authority area over time, sourced from the HPI. The five 11 JOHNSON CLOSE sales between August 1998 and March 2022 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 2016 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the March 2022 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 11 JOHNSON CLOSE be worth now?

11 JOHNSON CLOSE might now be worth an estimated £249,497.

This is based on house price deflation of 4.8%, between March 2022 and May 2026, for semi-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 4.8% deflationary decrease is applied to the most recent sale price for 11 JOHNSON CLOSE of £262,000 on 24th March 2022. For the value to have decreased from £262,000 to £249,497 over the three years and ten months to May 2026, the following assumptions must hold true:

• The value of 11 JOHNSON CLOSE has moved in line with the HPI for semi-detached houses in the Rutland local authority area.
• The March 2022 sale price of £262,000 represented a fair market value for the property.
• The size, condition, and specification of 11 JOHNSON CLOSE has not materially changed since March 2022.

How Large is 11 JOHNSON CLOSE?

11 JOHNSON CLOSE is 84m², which includes two extensions, according to the EPC inspection conducted in November 2021. This puts it in the smallest 10% of semi-detached houses houses in North Luffenham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in North Luffenham, and where 11 JOHNSON CLOSE lies on this distribution: 7% of semi-detached houses houses are smaller than 11 JOHNSON CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in North Luffenham.

11 JOHNSON CLOSE: Plot and Title Map

11 JOHNSON CLOSE sits on a plot of roughly 0.039 of an acre, or 158m². The below map shows the location of 11 JOHNSON 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 11 JOHNSON 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 11 JOHNSON CLOSE?

11 JOHNSON CLOSE is located in NORTH LUFFENHAM, in the LE15 postcode district. The below map shows the position of No. 11 on JOHNSON CLOSE.