7, TEES CLOSE, OAKHAM, LE15 6SP - £340,000

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 TEES CLOSE is a midsized extended detached house of 116m², built sometime between 1950 and 1966, which could now be worth an estimated £296,926. It was last sold for £340,000 in November 2023, which was around 30% below the average November 2023 detached price in the Rutland local authority area. The most recent EPC inspection was September 2022, where the current energy rating was D, and the potential energy rating was C.

7 TEES CLOSE Sold Prices

Land registry data shows one sale for 7 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
2023 24 NOV	£340,000	£489,088	30% below HPI

What might 7 TEES CLOSE be worth now?

7 TEES CLOSE might now be worth an estimated £296,926.

This is based on house price deflation of 12.7%, between November 2023 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 12.7% deflationary decrease is applied to the most recent sale price for 7 TEES CLOSE of £340,000 on 24th November 2023. For the value to have decreased from £340,000 to £296,926 over the three years and six months to May 2026, the following assumptions must hold true:

• The value of 7 TEES CLOSE has moved in line with the HPI for detached houses in the Rutland local authority area.
• The November 2023 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 7 TEES CLOSE has not materially changed since November 2023.

How Large is 7 TEES CLOSE?

7 TEES CLOSE is 116m², which includes two extensions, according to the EPC inspection conducted in September 2022. This puts it in the smallest 50% of detached houses in Oakham, based on EPC data. The below chart shows the distribution of detached houses by size in Oakham, and where 7 TEES CLOSE lies on this distribution: 48% of detached houses are smaller than 7 TEES CLOSE, and 51% of detached houses are larger. Note that EPC data is not available for all properties in Oakham.

7 TEES CLOSE: Plot

7 TEES CLOSE sits on a plot of roughly 60.4 acres, or 244,361m².

Where is 7 TEES CLOSE?

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