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House Prices in LE15 House Prices in LE15 (Oakham)

The average house price in LE15 (Oakham) is £511,386 using HM Land Registry data.

The average property price increased by £112,106 (55.36%) over the last 5 years and increased by £22,411 (6.97%) over the last 12 months.

Over the last year, there were 380 residential property sales – a decrease of 198 transactions (-52.11%) relative to the previous year. The majority of house sales (119) were in the £190,000 - £318,000 range. Then came properties in the £318,000 - £446,000 range, where 97 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 60 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,093 (-2%).

In June 2024, there were 113 new estate agency instructions, 71 agreed home sales and 47 property price reductions.

Nearby Postcodes: LE12, LE13, LE14, LE16, LE17, LE2, LE3, LE4, LE5, LE6, LE7, LE8, NG12, NG13, NG31, NG32, NG33, NG34, NN14, NN17, NN18, NN6, PE10, PE2, PE4, PE5, PE6, PE8, PE9

5-Year Average Property Prices in LE15 (Oakham)

55.36%

Property prices in Oakham increased by 55.36% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in LE15 (Oakham) Over the Last Year

6.97%

Property prices in Oakham increased by 6.97% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for LE15 (Oakham) - June 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in LE15 (Oakham)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in LE15 (Oakham)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in LE15 (Oakham)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the LE15 (Oakham) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the LE15 postcode area since 1995.

Recent Sales in LE15 (Oakham)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
15 Shepherds Way, Uppingham, Oakham, Rutland, LE15 9PW£375,000£370,000-£5,00029 Nov 202314 May 2024167 Days
19 Lonsdale Way, Oakham, Rutland, LE15 6LP£270,000£270,000£0015 Feb 202403 May 202478 Days
5 Kilburn End, Oakham, Rutland, LE15 6LW£285,000£270,000-£15,00022 Nov 202329 Apr 2024159 Days
7 Plover Close, Oakham, Rutland, LE15 6BE£259,950£242,000-£17,95024 Aug 202326 Apr 2024246 Days
2 Lodge Gardens, Oakham, Rutland, LE15 6EP£775,000£767,500-£7,50029 Jan 202425 Apr 202487 Days
7 Fountain Row, Market Overton, Oakham, Rutland, LE15 7PJ£155,000£150,000-£5,00016 Jan 202423 Apr 202498 Days
10 Butt Lane, North Luffenham, Oakham, Rutland, LE15 8JN£250,000£247,000-£3,00006 Oct 202318 Apr 2024195 Days
4 Ancaster Way, North Luffenham, Oakham, Rutland, LE15 8LH£499,000£495,000-£4,00017 Nov 202316 Apr 2024151 Days
4 Stamford End, Exton, Oakham, Rutland, LE15 8BQ£450,000£430,870-£19,13031 Aug 202310 Apr 2024223 Days
141 Brooke Road, Oakham, Rutland, LE15 6HQ£275,000£275,000£0003 Nov 202327 Mar 2024145 Days
12 New Field Road, Exton, Oakham, Rutland, LE15 8AU£599,000£550,000-£49,00006 Sep 202222 Mar 2024563 Days
4 Catmose Park Road, Oakham, Rutland, LE15 6HN£825,000£760,000-£65,00022 Sep 202320 Mar 2024180 Days
10 Limefield, Oakham, Rutland, LE15 6ND£355,000£355,000£0018 Jul 202314 Mar 2024240 Days
41 Ruddle Way, Langham, Oakham, Rutland, LE15 7NZ£250,000£250,000£0023 Nov 202305 Mar 2024103 Days
16 Bramble Close, Uppingham, Oakham, Rutland, LE15 9PH£425,000£416,000-£9,00018 Jul 202305 Mar 2024231 Days
5 Hawthorn Drive, Uppingham, Oakham, Rutland, LE15 9TA£500,000£500,000£0009 Jun 202327 Feb 2024263 Days
9 Pond Lane, Greetham, Oakham, Rutland, LE15 7NW£200,000£200,000£0001 Nov 202323 Feb 2024114 Days
9 Edmonton Way, Oakham, Rutland, LE15 6JE£599,950£575,000-£24,95014 Sep 202323 Feb 2024162 Days
17 Glen Drive, Oakham, Rutland, LE15 6SB£475,000£475,000£0011 Oct 202323 Feb 2024135 Days
15 Poplar Close, Uppingham, Oakham, Rutland, LE15 9RQ£410,000£370,000-£40,00005 Jun 202321 Feb 2024261 Days

Most Expensive Streets in LE15 (Oakham)

PostcodeStreetAreaAverageNo. of Sales
LE15 8RPNormantonOakham£1,370,0003
LE15 7FHEast Court, Cour D HonneurOakham£1,314,1586
LE15 8QQStamford Road, EmpinghamOakham£1,091,2504
LE15 7JGCold Overton Road, LanghamOakham£1,088,7504
LE15 9NNRidlington Road, PrestonOakham£1,021,2504
LE15 8EQMain Street, BarrowdenOakham£949,1666
LE15 7SJWest Street, ClipshamOakham£920,8336
LE15 8EPWakerley Road, BarrowdenOakham£920,0003
LE15 9AEMain Street, AystonOakham£905,0003
LE15 8QXKnossington Road, BraunstonOakham£884,5836

Least Expensive Streets in LE15 (Oakham)

PostcodeStreetAreaAverageNo. of Sales
LE15 6BFWest RoadOakham£111,5624
LE15 9URLinnet Court, UppinghamOakham£115,1666
LE15 7GPPelham Court, BarleythorpeOakham£125,5004
LE15 7TNLivery House, Stud RoadOakham£126,95812
LE15 6RNThe SidingsOakham£144,38020
LE15 7FXKimblewick House, Pelham CourtOakham£146,9833
LE15 6DDLadywellOakham£147,39915
LE15 9SHQueens Road, UppinghamOakham£152,5006
LE15 6DBLadywellOakham£155,5559
LE15 8ALCampden Close, ExtonOakham£156,6663

Explore LE15 (Oakham) using map

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