5, TEES CLOSE, OAKHAM, LE15 6SP - £320,000

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.

5 TEES CLOSE is a small extended detached house of 99m², built sometime between 1967 and 1975, which could now be worth an estimated £317,063. It was last sold for £320,000 in December 2021, which was around 26% below the average December 2021 detached price in the Rutland local authority area. The most recent EPC inspection was June 2021, where the current energy rating was D, and the potential energy rating was C.

5 TEES CLOSE Sold Prices

Land registry data shows one sale for 5 TEES CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the Rutland local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2021 3 DEC	£320,000	£431,084	26% below HPI

What might 5 TEES CLOSE be worth now?

5 TEES CLOSE might now be worth an estimated £317,063.

This is based on house price deflation of 0.9%, between December 2021 and May 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 0.9% deflationary decrease is applied to the most recent sale price for 5 TEES CLOSE of £320,000 on 3rd December 2021. For the value to have decreased from £320,000 to £317,063 over the five years and seven months to May 2026, the following assumptions must hold true:

• The value of 5 TEES CLOSE has moved in line with the HPI for detached houses in the Rutland local authority area.
• The December 2021 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of 5 TEES CLOSE has not materially changed since December 2021.

How Large is 5 TEES CLOSE?

5 TEES CLOSE is 99m², which includes one extension, according to the EPC inspection conducted in June 2021. This puts it in the smallest 40% of detached houses in Oakham, based on EPC data. The below chart shows the distribution of detached houses by size in Oakham, and where 5 TEES CLOSE lies on this distribution: 31% of detached houses are smaller than 5 TEES CLOSE, and 67% of detached houses are larger. Note that EPC data is not available for all properties in Oakham.

5 TEES CLOSE: Plot

5 TEES CLOSE sits on a plot of roughly 0.107 of an acre, or 431m².

Where is 5 TEES CLOSE?

5 TEES CLOSE is located in OAKHAM, in the LE15 postcode district.