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House Prices in LE15 House Prices in LE15 (Oakham)

The average house price in LE15 (Oakham) is £382,340 using HM Land Registry data.

The average property price increased by £90,224 (55.36%) over the last 5 years and increased by £18,078 (6.97%) over the last 12 months.

Over the last year, there were 401 residential property sales – a decrease of 94 transactions (-23.44%) relative to the previous year. The majority of house sales (123) were in the £190,000 - £306,000 range. Then came properties in the £306,000 - £422,000 range, where 99 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 71 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,093 (-2%).

In Oct 24, there were 112 new estate agency instructions, 73 agreed home sales and 56 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) - Oct 24

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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some 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
16 Ribble Walk, Oakham, Rutland, LE15 6SS£199,950£187,000-£12,95017 May 202413 Aug 202488 Days
Clatterpot House, Clatterpot Lane, Cottesmore, Oakham, Rutland, LE15 7DW£2,250,000£2,250,000£0016 Jul 202407 Aug 202422 Days
19 Pickworth Close, Oakham, Rutland, LE15 6FL£375,000£366,000-£9,00002 Apr 202405 Aug 2024125 Days
6 Poplar Close, Uppingham, Oakham, Rutland, LE15 9RQ£420,000£410,000-£10,00003 Apr 202401 Aug 2024120 Days
15 Schofield Road, Oakham, Rutland, LE15 6FW£375,000£367,000-£8,00012 Mar 202431 Jul 2024141 Days
42 Newtown Road, Uppingham, Oakham, Rutland, LE15 9TS£340,000£325,000-£15,00004 Apr 202426 Jul 2024113 Days
14 Redland Road, Oakham, Rutland, LE15 6PJ£399,995£395,000-£4,99510 Mar 202426 Jul 2024138 Days
15 Mill Grove, Whissendine, Oakham, Rutland, LE15 7EY£415,000£402,000-£13,00006 Feb 202425 Jul 2024170 Days
10 Main Street, Lyddington, Oakham, Rutland, LE15 9LT£300,000£300,000£0021 Mar 202424 Jul 2024125 Days
38 Churchill Road, Oakham, Rutland, LE15 6LH£330,000£320,000-£10,00011 Mar 202418 Jul 2024129 Days
41 Schofield Road, Oakham, Rutland, LE15 6FW£500,000£482,500-£17,50026 Dec 202316 Jul 2024203 Days
22 Nene Crescent, Oakham, Rutland, LE15 6SG£299,000£280,000-£19,00014 Mar 202405 Jul 2024113 Days
67 Alexander Crescent, Oakham, Rutland, LE15 6LA£260,000£255,000-£5,00001 Feb 202402 Jul 2024152 Days
29 Parkfield Road, Oakham, Rutland, LE15 6PE£199,950£199,950£0017 Apr 202428 Jun 202472 Days
6 Norton Street, Uppingham, Oakham, Rutland, LE15 9QN£350,000£300,000-£50,00025 Oct 202227 Jun 2024611 Days
7 Barmstedt Drive, Oakham, Rutland, LE15 6RG£550,000£550,000£0012 Mar 202426 Jun 2024106 Days
85 Branston Road, Uppingham, Oakham, Rutland, LE15 9RR£340,000£340,000£0022 Jan 202426 Jun 2024156 Days
41 Westland Road, Cottesmore, Oakham, Rutland, LE15 7DS£365,000£360,000-£5,00007 Apr 202424 Jun 202478 Days
2 Westland Road, Cottesmore, Oakham, Rutland, LE15 7DT£250,000£250,000£0005 Mar 202424 Jun 2024111 Days
7 Kilburn End, Oakham, Rutland, LE15 6LW£270,000£270,000£0011 Sep 202319 Jun 2024282 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 7DWClatterpot Lane, CottesmoreOakham£973,1254
LE15 8ADChurch Road, EgletonOakham£966,6663
LE15 8EPWakerley Road, BarrowdenOakham£920,0003
LE15 9AEMain Street, AystonOakham£905,0003
LE15 7SJWest Street, ClipshamOakham£885,0005

Least Expensive Streets in LE15 (Oakham)

PostcodeStreetAreaAverageNo. of Sales
LE15 6BFWest RoadOakham£111,6505
LE15 9URLinnet Court, UppinghamOakham£115,6005
LE15 7TNLivery House, Stud RoadOakham£126,84613
LE15 7FXKimblewick House, Pelham CourtOakham£146,9833
LE15 6RNThe SidingsOakham£147,17218
LE15 6DDLadywellOakham£151,86615
LE15 9SHQueens Road, UppinghamOakham£152,5006
LE15 6DBLadywellOakham£156,50010
LE15 8ALCampden Close, ExtonOakham£156,6663
LE15 6TBWreake WalkOakham£159,7504

Explore LE15 (Oakham) using map

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