2, ELLINGWORTH CLOSE, OAKHAM, LE15 6FT - £335,000

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.

2 ELLINGWORTH CLOSE is a midsized detached house of 114m², which could now be worth an estimated £305,991. It was last sold for £335,000 in October 2023, which was around 32% below the average October 2023 detached price in the Rutland local authority area. The most recent EPC inspection was February 2015, where the current energy rating was B, and the potential energy rating was A.

2 ELLINGWORTH CLOSE Sold Prices

Land registry data shows four sales for 2 ELLINGWORTH CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Rutland local authority area for the corresponding sale date. All of the four 2 ELLINGWORTH 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
2023 27 OCT	£335,000	£494,095	32% below HPI
2023 29 SEP	£350,000	£500,724	30% below HPI
2016 7 NOV	£280,000	£373,131	25% below HPI
2014 19 DEC	£249,995	£312,096	20% below HPI

2 ELLINGWORTH 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 four 2 ELLINGWORTH CLOSE sales between December 2014 and October 2023 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 2023 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the October 2023 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 2 ELLINGWORTH CLOSE be worth now?

2 ELLINGWORTH CLOSE might now be worth an estimated £305,991.

This is based on house price deflation of 8.7%, between October 2023 and March 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 8.7% deflationary decrease is applied to the most recent sale price for 2 ELLINGWORTH CLOSE of £335,000 on 27th October 2023. For the value to have decreased from £335,000 to £305,991 over the three years and seven months to March 2026, the following assumptions must hold true:

• The value of 2 ELLINGWORTH CLOSE has moved in line with the HPI for detached houses in the Rutland local authority area.
• The October 2023 sale price of £335,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ELLINGWORTH CLOSE has not materially changed since October 2023.

How Large is 2 ELLINGWORTH CLOSE?

2 ELLINGWORTH CLOSE is 114m² according to the EPC inspection conducted in February 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 2 ELLINGWORTH CLOSE lies on this distribution: 46% of detached houses houses are smaller than 2 ELLINGWORTH CLOSE, and 53% of houses are larger. Note that EPC data is not available for all properties in Oakham.

2 ELLINGWORTH CLOSE: Plot and Title Map

2 ELLINGWORTH CLOSE sits on a plot of roughly 0.055 of an acre, or 223m². The below map shows the location of 2 ELLINGWORTH 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 2 ELLINGWORTH 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 2 ELLINGWORTH CLOSE?

2 ELLINGWORTH CLOSE is located in OAKHAM, in the LE15 postcode district. The below map shows the position of No. 2 on ELLINGWORTH CLOSE.