2, NOOK LANE, EMPINGHAM, OAKHAM, LE15 8PT - £245,000

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 NOOK LANE is a very small extended terraced house of 72m², built sometime before 1900, which could now be worth an estimated £378,647. It was last sold for £245,000 in June 2013, which was around 68% above the average June 2013 terraced price in the Rutland local authority area. The most recent EPC inspection was December 2008, where the current energy rating was E, and the potential energy rating was D.

2 NOOK LANE Sold Prices

Land registry data shows five sales for 2 NOOK LANE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Rutland local authority area for the corresponding sale date. All of the five 2 NOOK 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
2013 14 JUN	£245,000	£146,079	68% above HPI
2004 29 OCT	£202,500	£134,146	51% above HPI
2002 25 OCT	£170,000	£93,991	81% above HPI
2000 7 JUL	£125,000	£67,892	84% above HPI
1996 23 JUL	£76,500	£45,446	68% above HPI

2 NOOK LANE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Rutland local authority area over time, sourced from the HPI. The five 2 NOOK LANE sales between July 1996 and June 2013 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 October 2004 sale was for 51% above the HPI. So the extrapolation line tracks at 51% above the HPI over time, until the June 2013 sale, where it rises to 68% above the HPI. The line then continues to track at 68% above the HPI.

What might 2 NOOK LANE be worth now?

2 NOOK LANE might now be worth an estimated £378,647.

This is based on house price inflation of 54.5%, between June 2013 and May 2026, for terraced 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 54.5% inflationary increase is applied to the most recent sale price for 2 NOOK LANE of £245,000 on 14th June 2013. For the value to have increased from £245,000 to £378,647 over the thirteen years and one month to May 2026, the following assumptions must hold true:

• The value of 2 NOOK LANE has moved in line with the HPI for terraced houses in the Rutland local authority area.
• The June 2013 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 2 NOOK LANE has not materially changed since June 2013.

How Large is 2 NOOK LANE?

2 NOOK LANE is 72m², which includes one extension, according to the EPC inspection conducted in December 2008. This puts it in the smallest 10% of terraced houses houses in Empingham, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Empingham, and where 2 NOOK LANE lies on this distribution: 4% of terraced houses houses are smaller than 2 NOOK LANE, and 96% of houses are larger. Note that EPC data is not available for all properties in Empingham.

2 NOOK LANE: Plot and Title Map

2 NOOK LANE sits on a plot of roughly 0.064 of an acre, or 258m². The below map shows the location of 2 NOOK 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 2 NOOK 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 2 NOOK LANE?

2 NOOK LANE is located in EMPINGHAM, in the LE15 postcode district. The below map shows the position of No. 2 on NOOK LANE.