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House Prices in LE15 House Prices in LE15 (Oakham)

The average house price in LE15 (Oakham) is £410,592 using HM Land Registry data.

The average property price increased by £80,718 (55.36%) over the last 5 years and increased by £16,169 (6.97%) over the last 12 months.

Over the last year, there were 394 residential property sales – a decrease of 73 transactions (-18.53%) relative to the previous year. The majority of house sales (121) were in the £190,000 - £300,000 range. Then came properties in the £300,000 - £410,000 range, where 93 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 162 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-11,487 (-2%).

In January 2025, there were 87 new estate agency instructions, 49 agreed home sales and 65 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 LE15 (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 LE15 (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) - January 2025

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 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer 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
23 Alsthorpe Road, Oakham, Rutland, LE15 6FD£535,000£517,500-£17,50014 Jun 202413 Dec 2024182 Days
6 Vicarage Road, Oakham, Rutland, LE15 6EG£800,000£800,000£008 May 202405 Dec 2024211 Days
14 Ash Close, Uppingham, Oakham, Rutland, LE15 9PJ£240,000£240,000£019 Aug 202429 Nov 2024102 Days
6 Dee Close, Oakham, Rutland, LE15 6JT£365,000£360,000-£5,00024 May 202429 Nov 2024189 Days
40 Ash Close, Uppingham, Oakham, Rutland, LE15 9PJ£340,000£330,000-£10,00010 May 202428 Nov 2024202 Days
8 Willoughby Drive, Empingham, Oakham, Rutland, LE15 8PZ£625,000£625,000£023 Jul 202426 Nov 2024126 Days
29 Pinfold Close, South Luffenham, Oakham, Rutland, LE15 8NE£220,000£201,000-£19,00018 Jul 202422 Nov 2024127 Days
9 Larchwood Rise, Knossington, Oakham, Leicestershire, LE15 8LS£599,999£590,000-£9,99920 Mar 202421 Nov 2024246 Days
13 Coniston Road, Edith Weston, Oakham, Rutland, LE15 8HP£225,000£220,000-£5,00013 Jun 202418 Nov 2024158 Days
53a, Church Street, Langham, Oakham, Rutland, LE15 7JE£600,000£600,000£003 Sep 202415 Nov 202473 Days
1a, Spring Back Way, Uppingham, Oakham, Rutland, LE15 9TT£365,000£357,500-£7,50019 Aug 202414 Nov 202487 Days
5 Main Road, Barleythorpe, Oakham, Rutland, LE15 7EE£240,000£240,000£014 Mar 202413 Nov 2024244 Days
31 Mill Grove, Whissendine, Oakham, Rutland, LE15 7EY£324,999£324,999£023 Apr 202411 Nov 2024202 Days
31 Main Street, Ridlington, Oakham, Rutland, LE15 9AU£315,000£310,000-£5,00001 Aug 202411 Nov 2024102 Days
The Coach House, Stamford Road, Barnsdale, Oakham, Rutland, LE15 8AB£1,500,000£1,387,030-£112,97020 May 202407 Nov 2024171 Days
Northbrook House, Lower Farm Close, Empingham, Oakham, Rutland, LE15 8RB£1,500,000£1,425,000-£75,00011 Jun 202404 Nov 2024146 Days
4 Uppingham Road, Preston, Oakham, Rutland, LE15 9NW£300,000£295,000-£5,00024 May 202404 Nov 2024164 Days
25 Sculthorpe Close, Oakham, Rutland, LE15 6FJ£275,000£264,000-£11,00011 Jul 202431 Oct 2024112 Days
5 Bellfield, South Luffenham, Oakham, Rutland, LE15 8ND£800,000£790,000-£10,00023 Mar 202430 Oct 2024221 Days
7 The Sidings, Oakham, Rutland, LE15 6RN£264,995£260,000-£4,99510 May 202429 Oct 2024172 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 8RBLower Farm Close, EmpinghamOakham£1,261,6663
LE15 9NNRidlington Road, PrestonOakham£1,251,6663
LE15 8QQStamford Road, EmpinghamOakham£1,091,2504
LE15 7FLOld Wood Road, BurleyOakham£1,006,6663
LE15 8EPWakerley Road, BarrowdenOakham£975,0003
LE15 7DWClatterpot Lane, CottesmoreOakham£973,1254
LE15 8STPriory Road, MantonOakham£952,5005
LE15 7SJWest Street, ClipshamOakham£950,0004

Least Expensive Streets in LE15 (Oakham)

PostcodeStreetAreaAverageNo. of Sales
LE15 6BFWest RoadOakham£111,6505
LE15 9URLinnet Court, UppinghamOakham£115,6005
LE15 7GPPelham Court, BarleythorpeOakham£126,0003
LE15 7TNLivery House, Stud RoadOakham£126,35714
LE15 7FXKimblewick House, Pelham CourtOakham£146,9833
LE15 9SHQueens Road, UppinghamOakham£152,5006
LE15 6RNThe SidingsOakham£153,11019
LE15 6DDLadywellOakham£154,46013
LE15 6DBLadywellOakham£157,2229
LE15 6TBWreake WalkOakham£159,7504

Explore LE15 (Oakham) using map

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