2, THE LEAS, COTTESMORE, OAKHAM, LE15 7DG - £365,000

2 THE LEAS is a large detached house of 129m², built sometime between 1996 and 2002. It was last sold for £365,000 in May 2017, which was around 2% below the average May 2017 detached price in the Rutland local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was C.

2 THE LEAS Sold Prices

Land registry data shows two sales for 2 THE LEAS 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 THE LEAS sales was for below the average price, whilst the other was 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
2017 4 MAY	£365,000	£373,343	2% below HPI
2002 1 MAY	£215,000	£175,140	23% above HPI

2 THE LEAS 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 THE LEAS sales from May 2002 and May 2017 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 2002 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the May 2017 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is 2 THE LEAS?

2 THE LEAS is 129m² according to the EPC inspection conducted in July 2016. This puts it in the largest 40% of detached houses in Cottesmore, based on EPC data. The below chart shows the distribution of detached houses by size in Cottesmore, and where 2 THE LEAS lies on this distribution: 66% of detached houses are smaller than 2 THE LEAS, and 33% of houses are larger. Note that EPC data is not available for all properties in Cottesmore.

2 THE LEAS: Plot and Title Map

2 THE LEAS sits on a plot of roughly 0.062 of an acre, or 253m². The below map shows the location of 2 THE LEAS, 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 THE LEAS). 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 THE LEAS?

2 THE LEAS is located in COTTESMORE, in the LE15 postcode district. The below map shows the position of No. 2 on THE LEAS.