2, NORMANTON DRIVE, OAKHAM, LE15 6FG - £192,950

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 NORMANTON DRIVE is a very small terraced house of 70m², built sometime between 1996 and 2002, which could now be worth an estimated £302,486. It was last sold for £192,950 in June 2010, which was around 34% above the average June 2010 terraced price in the Rutland local authority area. The most recent EPC inspection was February 2010, where the current energy rating was C, and the potential energy rating was C.

2 NORMANTON DRIVE Sold Prices

Land registry data shows five sales for 2 NORMANTON DRIVE 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 NORMANTON DRIVE 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
2010 23 JUN	£192,950	£144,011	34% above HPI
2005 30 JUN	£184,000	£138,162	33% above HPI
2004 21 MAY	£145,000	£124,431	17% above HPI
2003 20 JUN	£130,000	£107,820	21% above HPI
1999 28 MAY	£64,000	£56,145	14% above HPI

2 NORMANTON DRIVE 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 NORMANTON DRIVE sales between May 1999 and June 2010 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 June 2005 sale was for 33% above the HPI. So the extrapolation line tracks at 33% above the HPI over time, until the June 2010 sale, where it rises to 34% above the HPI. The line then continues to track at 34% above the HPI.

What might 2 NORMANTON DRIVE be worth now?

2 NORMANTON DRIVE might now be worth an estimated £302,486.

This is based on house price inflation of 56.8%, between June 2010 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 56.8% inflationary increase is applied to the most recent sale price for 2 NORMANTON DRIVE of £192,950 on 23rd June 2010. For the value to have increased from £192,950 to £302,486 over the sixteen years and one month to May 2026, the following assumptions must hold true:

• The value of 2 NORMANTON DRIVE has moved in line with the HPI for terraced houses in the Rutland local authority area.
• The June 2010 sale price of £192,950 represented a fair market value for the property.
• The size, condition, and specification of 2 NORMANTON DRIVE has not materially changed since June 2010.

How Large is 2 NORMANTON DRIVE?

2 NORMANTON DRIVE is 70m² according to the EPC inspection conducted in February 2010. This puts it in the smallest 10% of terraced houses houses in Oakham, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Oakham, and where 2 NORMANTON DRIVE lies on this distribution: 4% of terraced houses houses are smaller than 2 NORMANTON DRIVE, and 96% of houses are larger. Note that EPC data is not available for all properties in Oakham.

2 NORMANTON DRIVE: Plot and Title Map

2 NORMANTON DRIVE sits on a plot of roughly 0.041 of an acre, or 167m². The below map shows the location of 2 NORMANTON DRIVE, 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 NORMANTON DRIVE). 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 NORMANTON DRIVE?

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