2, REES CLOSE, UPPINGHAM, OAKHAM, LE15 9ST - £249,999

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 REES CLOSE is a small detached house of 112m², built sometime between 1991 and 1995, which could now be worth an estimated £381,654. It was last sold for £249,999 in November 2013, which was around 15% below the average November 2013 detached price in the Rutland local authority area. The most recent EPC inspection was May 2013, where the current energy rating was D, and the potential energy rating was B.

2 REES CLOSE Sold Prices

Land registry data shows two sales for 2 REES 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. One of the two 2 REES CLOSE sales was for below the average price, whilst the other was roughly equal to 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 29 NOV	£249,999	£295,626	15% below HPI
2004 14 MAY	£235,000	£235,208	Close to HPI

2 REES 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 2 REES CLOSE sales from May 2004 and November 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 May 2004 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the November 2013 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 2 REES CLOSE be worth now?

2 REES CLOSE might now be worth an estimated £381,654.

This is based on house price inflation of 52.7%, between November 2013 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 52.7% inflationary increase is applied to the most recent sale price for 2 REES CLOSE of £249,999 on 29th November 2013. For the value to have increased from £249,999 to £381,654 over the thirteen years and eight months to March 2026, the following assumptions must hold true:

• The value of 2 REES CLOSE has moved in line with the HPI for detached houses in the Rutland local authority area.
• The November 2013 sale price of £249,999 represented a fair market value for the property.
• The size, condition, and specification of 2 REES CLOSE has not materially changed since November 2013.

How Large is 2 REES CLOSE?

2 REES CLOSE is 112m² according to the EPC inspection conducted in May 2013. This puts it in the smallest 40% of detached houses houses in Uppingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Uppingham, and where 2 REES CLOSE lies on this distribution: 35% of detached houses houses are smaller than 2 REES CLOSE, and 64% of houses are larger. Note that EPC data is not available for all properties in Uppingham.

2 REES CLOSE: Plot and Title Map

2 REES CLOSE sits on a plot of roughly 0.106 of an acre, or 427m². The below map shows the location of 2 REES 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 REES 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 REES CLOSE?

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