7, CORDLE WAY, MARKET OVERTON, OAKHAM, LE15 7PU - £354,000

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 CORDLE WAY is a midsized extended detached house of 162m², built sometime between 1967 and 1975, which could now be worth an estimated £512,212. It was last sold for £354,000 in February 2016, which was around 5% above the average February 2016 detached price in the Rutland local authority area. The most recent EPC inspection was January 2020, where the current energy rating was C, and the potential energy rating was C.

7 CORDLE WAY Sold Prices

Land registry data shows two sales for 7 CORDLE WAY 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 7 CORDLE WAY 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
2016 26 FEB	£354,000	£336,239	5% above HPI
2002 23 AUG	£222,500	£195,288	14% above HPI

7 CORDLE WAY 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 7 CORDLE WAY sales from August 2002 and February 2016 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 August 2002 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the February 2016 sale, where it falls to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 7 CORDLE WAY be worth now?

7 CORDLE WAY might now be worth an estimated £512,212.

This is based on house price inflation of 44.7%, between February 2016 and February 2025, 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 44.7% inflationary increase is applied to the most recent sale price for 7 CORDLE WAY of £354,000 on 26th February 2016. For the value to have increased from £354,000 to £512,212 over the nine years to February 2025, the following assumptions must hold true:

• The value of 7 CORDLE WAY has moved in line with the HPI for detached houses in the Rutland local authority area.
• The February 2016 sale price of £354,000 represented a fair market value for the property.
• The size, condition, and specification of 7 CORDLE WAY has not materially changed since February 2016.

How Large is 7 CORDLE WAY?

7 CORDLE WAY is 162m², which includes one extension, according to the EPC inspection conducted in January 2020. This puts it in the largest 50% of detached houses houses in Market Overton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Market Overton, and where 7 CORDLE WAY lies on this distribution: 55% of detached houses houses are smaller than 7 CORDLE WAY, and 45% of houses are larger. Note that EPC data is not available for all properties in Market Overton.

7 CORDLE WAY: Plot and Title Map

7 CORDLE WAY sits on a plot of roughly 0.192 of an acre, or 776m². The below map shows the location of 7 CORDLE WAY, 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 CORDLE WAY). 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 CORDLE WAY?

7 CORDLE WAY is located in MARKET OVERTON, in the LE15 postcode district. The below map shows the position of No. 7 on CORDLE WAY.