7, AVON CLOSE, OAKHAM, LE15 6SR - £235,000

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.

7 AVON CLOSE is a very small detached house of 56m², built sometime between 1967 and 1975, which could now be worth an estimated £267,977. It was last sold for £235,000 in June 2019, which was around 41% below the average June 2019 detached price in the Rutland local authority area. The most recent EPC inspection was May 2012, where the current energy rating was D, and the potential energy rating was B.

7 AVON CLOSE Sold Prices

Land registry data shows four sales for 7 AVON CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Rutland local authority area for the corresponding sale date. All of the four 7 AVON CLOSE sales were for below 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
2019 27 JUN	£235,000	£395,771	41% below HPI
2015 9 OCT	£213,000	£326,424	35% below HPI
2012 31 AUG	£189,000	£264,952	29% below HPI
1999 22 OCT	£77,000	£113,764	32% below HPI

7 AVON 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 four 7 AVON CLOSE sales between October 1999 and June 2019 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 October 2015 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the June 2019 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

What might 7 AVON CLOSE be worth now?

7 AVON CLOSE might now be worth an estimated £267,977.

This is based on house price inflation of 14%, between June 2019 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 14% inflationary increase is applied to the most recent sale price for 7 AVON CLOSE of £235,000 on 27th June 2019. For the value to have increased from £235,000 to £267,977 over the seven years and three months to March 2026, the following assumptions must hold true:

• The value of 7 AVON CLOSE has moved in line with the HPI for detached houses in the Rutland local authority area.
• The June 2019 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 7 AVON CLOSE has not materially changed since June 2019.

How Large is 7 AVON CLOSE?

7 AVON CLOSE is 56m² according to the EPC inspection conducted in May 2012. This puts it in the smallest 10% 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 7 AVON CLOSE lies on this distribution: Less than 1% of detached houses houses are smaller than 7 AVON CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Oakham.

7 AVON CLOSE: Plot and Title Map

7 AVON CLOSE sits on a plot of roughly 0.085 of an acre, or 343m². The below map shows the location of 7 AVON 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 7 AVON 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 7 AVON CLOSE?

7 AVON CLOSE is located in OAKHAM, in the LE15 postcode district. The below map shows the position of No. 7 on AVON CLOSE.