5, GRIFFITHS CLOSE, OAKHAM, LE15 6FP - £249,995

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.

5 GRIFFITHS CLOSE is a midsized detached house of 119m², built sometime between 1996 and 2002, which could now be worth an estimated £467,830. It was last sold for £249,995 in September 2003, which was around 6% above the average September 2003 detached price in the Rutland local authority area. The most recent EPC inspection was January 2016, where the current energy rating was E, and the potential energy rating was B.

5 GRIFFITHS CLOSE Sold Prices

Land registry data shows two sales for 5 GRIFFITHS 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. Both of the two 5 GRIFFITHS CLOSE 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
2003 3 SEP	£249,995	£235,687	6% above HPI
1998 27 NOV	£128,500	£111,774	15% above HPI

5 GRIFFITHS 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 5 GRIFFITHS CLOSE sales from November 1998 and September 2003 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 November 1998 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the September 2003 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 5 GRIFFITHS CLOSE be worth now?

5 GRIFFITHS CLOSE might now be worth an estimated £467,830.

This is based on house price inflation of 87.1%, between September 2003 and April 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 87.1% inflationary increase is applied to the most recent sale price for 5 GRIFFITHS CLOSE of £249,995 on 3rd September 2003. For the value to have increased from £249,995 to £467,830 over the 23 years and five months to April 2026, the following assumptions must hold true:

• The value of 5 GRIFFITHS CLOSE has moved in line with the HPI for detached houses in the Rutland local authority area.
• The September 2003 sale price of £249,995 represented a fair market value for the property.
• The size, condition, and specification of 5 GRIFFITHS CLOSE has not materially changed since September 2003.

How Large is 5 GRIFFITHS CLOSE?

5 GRIFFITHS CLOSE is 119m² according to the EPC inspection conducted in January 2016. This puts it in the largest 50% of detached houses houses in Oakham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Oakham, and where 5 GRIFFITHS CLOSE lies on this distribution: 51% of detached houses houses are smaller than 5 GRIFFITHS CLOSE, and 49% of houses are larger. Note that EPC data is not available for all properties in Oakham.

5 GRIFFITHS CLOSE: Plot and Title Map

5 GRIFFITHS CLOSE sits on a plot of roughly 0.121 of an acre, or 491m². The below map shows the location of 5 GRIFFITHS 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 5 GRIFFITHS 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 5 GRIFFITHS CLOSE?

5 GRIFFITHS CLOSE is located in OAKHAM, in the LE15 postcode district. The below map shows the position of No. 5 on GRIFFITHS CLOSE.