3, CHAPEL CLOSE, EMPINGHAM, OAKHAM, LE15 8BX - £450,000

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.

3 CHAPEL CLOSE is a large extended detached house of 239m², built sometime between 1996 and 2002, which could now be worth an estimated £1,158,363. It was last sold for £450,000 in May 2002, which was around 171% above the average May 2002 detached price in the Rutland local authority area. The most recent EPC inspection was July 2022, where the current energy rating was C, and the potential energy rating was B.

3 CHAPEL CLOSE Sold Prices

Land registry data shows one sale for 3 CHAPEL 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
2002 28 MAY	£450,000	£165,930	171% above HPI

What might 3 CHAPEL CLOSE be worth now?

3 CHAPEL CLOSE might now be worth an estimated £1,158,363.

This is based on house price inflation of 157.4%, between May 2002 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 157.4% inflationary increase is applied to the most recent sale price for 3 CHAPEL CLOSE of £450,000 on 28th May 2002. For the value to have increased from £450,000 to £1,158,363 over the 24 years to May 2026, the following assumptions must hold true:

• The value of 3 CHAPEL CLOSE has moved in line with the HPI for detached houses in the Rutland local authority area.
• The May 2002 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of 3 CHAPEL CLOSE has not materially changed since May 2002.

How Large is 3 CHAPEL CLOSE?

3 CHAPEL CLOSE is 239m², which includes two extensions, according to the EPC inspection conducted in July 2022. This puts it in the largest 30% of detached houses in Empingham, based on EPC data. The below chart shows the distribution of detached houses by size in Empingham, and where 3 CHAPEL CLOSE lies on this distribution: 79% of detached houses are smaller than 3 CHAPEL CLOSE, and 20% of detached houses are larger. Note that EPC data is not available for all properties in Empingham.

3 CHAPEL CLOSE: Plot

3 CHAPEL CLOSE sits on a plot of roughly 0.217 of an acre, or 878m².

Where is 3 CHAPEL CLOSE?

3 CHAPEL CLOSE is located in EMPINGHAM, in the LE15 postcode district.