11, Wheel Lane
11, Wheel Lane
Description & Estimates
According to the public record, 11, Wheel Lane, Oakham is a modern freehold house with 628 ft2 of internal area and sits on a 450 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 11, Wheel Lane, Oakham is £512,768 and the estimated rental value is £1,584 per month.
Wheel Lane, Barrowden, Oakham, LE15 is located within the LE15 postal district.
Our Data Sources
11, Wheel Lane, Oakham has 41 entries in the Land Registry , most recently in June 2019 and a single entry in the EPC database dated September 2011.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 11, Wheel Lane, Oakham is in very good condition we estimate a sale value of £538,406 and a rental value of £1,663 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £476,874 and a rental value of £1,473 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 11, Wheel Lane, Oakham has dropped by £23,412 (4.6%), while its estimated rental value has risen by £2 per month (0.1%). Based on current estimates, the property offers a gross rental yield of 3.7%.
Plot Size
According to data from HM Land Registry, 11, Wheel Lane, Oakham sits on a plot of 450 m2.
We have plot size data on 6 out of 16 other houses in the postcode and 11, Wheel Lane, Oakham sits on the 3rd largest plot.
Energy Efficiency
11, Wheel Lane, Oakham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 15 Sep 2011.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
According to HM Land Registry, 11, Wheel Lane, Oakham was last sold on 17th June 2019 for £430,000 and was recorded as a freehold house.
The property has had 4 sales since 1995.
Since June 2019, the market for similar properties has dropped by 23.8%.
- Sold Jun 2019£430,000
- Sold Mar 2012£252,200
- Sold May 2002£158,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to 11, Wheel Lane, Oakham within a radius of 5.2 kilometres over the last 2 years.
The most recent example is 10, Wheel Lane, Oakham, LE15 8ER, a freehold house which sold for £335,000 on the 20th December 2017.
Read more about house prices in LE15.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Wheel Lane, Barrowden, Oakham, LE15 has a total of 16 addresses. According to our analysis of all the public data, 11, Wheel Lane, Oakham is the 4th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £132k more expensive than the average property in LE15.
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Schools Nearby
- 3.5kmSt Mary and St John CofE VA Primary School
- 5.3kmKetton Church of England Primary School
- 5.7kmEdith Weston Academy
- 8.3kmUppingham Community College
- 9.6kmCorby Business Academy
- 10.7kmCasterton College Rutland
More reading links
Public Transport Nearby
The closest station to 11, Wheel Lane, Oakham is Stamford (Lincs) station, which is 10.3 kilometres away.
- 10.3kmStamford (Lincs)
- 12.7kmOakham
- 12.9kmCorby
Available Internet Speeds
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
