114, Welland Way
114, Welland Way
Description & Estimates
114, Welland Way, Oakham is recorded publicly as a mid-century freehold house across 592 ft2 of internal area.
Locally, houses of this size normally have 2 bedrooms with a garden.
Our estimate of the sale value of 114, Welland Way, Oakham is £226,121 and its rental estimate is £919 per month, given the available information and assuming reasonable condition.
Welland Way, Oakham, LE15 falls within the LE15 postal district.
Our Data Sources
114, Welland Way, Oakham has 41 entries in the Land Registry , most recently in June 2020 and a single entry in the EPC database dated September 2016.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 114, Welland Way, Oakham, we estimate a market value of £237,427 and a rental value of £965 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £210,293 and £855 per month respectively.
Recent Market Change
Over the last year, 114, Welland Way, Oakham has seen its estimated sale value drop by £10,324 (4.6%) and its estimated rental value rise by £1 per month (0.1%). This results in an estimated gross rental yield of 4.9%.
Energy Efficiency
114, Welland Way, Oakham has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 24 Sep 2016.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 114, Welland Way, Oakham completed on 12th June 2020 at £205,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold 4 times.
Values of comparable properties have risen by 14.9% over the period since June 2020.
- Sold Jun 2020£205,000
- Sold Nov 2015£173,000
- Sold Jan 2003£92,500
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 114, Welland Way, Oakham have sold within a radius of 880 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 20th October 2023, was 10, Dove Close, Oakham, LE15 6TA, a freehold house which sold for £238,000.
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
Of the 113 addresses on Welland Way, Oakham, LE15, 114, Welland Way, Oakham comes out as the 112th largest and the 106th most expensive in our analysis of the public data.
It is also £154k less expensive than the average property across the LE15 district.
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Schools Nearby
- 300mBrooke Hill Academy
- 400mCatmose Primary
- 1.6kmEnglish Martyrs' Catholic Voluntary Academy
- 1.1kmCatmose College
- 9.3kmUppingham Community College
- 15.0kmCasterton College Rutland
More reading links
Public Transport Nearby
From 114, Welland Way, Oakham, the nearest station is Oakham, 1.1 kilometres away.
- 1.1kmOakham
- 14.6kmMelton Mowbray
- 17.6kmStamford (Lincs)
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
