4, NORMANTON DRIVE, OAKHAM, LE15 6FG - £172,000

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.

4 NORMANTON DRIVE is a very small terraced house of 81m², built sometime between 1991 and 1995, which could now be worth an estimated £266,229. It was last sold for £172,000 in January 2014, which was around 18% above the average January 2014 terraced price in the Rutland local authority area. The most recent EPC inspection was March 2009, where the current energy rating was C, and the potential energy rating was C.

4 NORMANTON DRIVE Sold Prices

Land registry data shows three sales for 4 NORMANTON DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Rutland local authority area for the corresponding sale date. All of the three 4 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
2014 24 JAN	£172,000	£145,858	18% above HPI
2002 17 MAY	£109,950	£81,736	35% above HPI
1999 28 MAY	£62,950	£56,145	12% above HPI

4 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 three 4 NORMANTON DRIVE sales between May 1999 and January 2014 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 35% above the HPI. So the extrapolation line tracks at 35% above the HPI over time, until the January 2014 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might 4 NORMANTON DRIVE be worth now?

4 NORMANTON DRIVE might now be worth an estimated £266,229.

This is based on house price inflation of 54.8%, between January 2014 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 54.8% inflationary increase is applied to the most recent sale price for 4 NORMANTON DRIVE of £172,000 on 24th January 2014. For the value to have increased from £172,000 to £266,229 over the eleven years and eight months to May 2026, the following assumptions must hold true:

• The value of 4 NORMANTON DRIVE has moved in line with the HPI for terraced houses in the Rutland local authority area.
• The January 2014 sale price of £172,000 represented a fair market value for the property.
• The size, condition, and specification of 4 NORMANTON DRIVE has not materially changed since January 2014.

How Large is 4 NORMANTON DRIVE?

4 NORMANTON DRIVE is 81m² according to the EPC inspection conducted in March 2009. 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 4 NORMANTON DRIVE lies on this distribution: 9% of terraced houses houses are smaller than 4 NORMANTON DRIVE, and 91% of houses are larger. Note that EPC data is not available for all properties in Oakham.

4 NORMANTON DRIVE: Plot and Title Map

4 NORMANTON DRIVE sits on a plot of roughly 0.050 of an acre, or 202m². The below map shows the location of 4 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 4 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 4 NORMANTON DRIVE?

4 NORMANTON DRIVE is located in OAKHAM, in the LE15 postcode district. The below map shows the position of No. 4 on NORMANTON DRIVE.