2, Martinsley Place
2, Martinsley Place
Description & Estimates
Public records show 2, Martinsley Place, Oakham to be a modern freehold house with 2,507 ft2 of internal area, sitting on a 785 m2 plot.
In this area, houses of this size normally have 5 bedrooms with a garden.
2, Martinsley Place, Oakham has an estimated sale value of £859,833 and an estimated rental value of £2,278 per month, assuming reasonable condition and based on the information available.
Martinsley Place, Oakham, LE15 lies within the LE15 postal district.
Our Data Sources
2, Martinsley Place, Oakham has 2 entries in the Land Registry , most recently in May 2018 and a single entry in the EPC database dated August 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
In very good condition, we estimate 2, Martinsley Place, Oakham would be worth £902,825, with a potential rental value of £2,392 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £799,645, with a rental value of £2,118 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 2, Martinsley Place, Oakham has declined by £23,172 (2.7%) over the last year. During the same period, its estimated monthly rental value has climbed by £31 (1.4%). The property's estimated gross yield is currently 3.2%.
Plot Size
2, Martinsley Place, Oakham occupies a 785 m2 plot as recorded by HM Land Registry.
All 5 other houses in this postcode have recorded plot sizes, and this one ranks as the largest.
Energy Efficiency
2, Martinsley Place, Oakham has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 30 Aug 2016.
The property is not connected to mains gas and has high performance glazing. It is heated using Air source heat pump, underfloor, electric.
Sold Prices
2, Martinsley Place, Oakham last changed hands on 9th May 2018, selling for £715,000. The transaction was logged as a freehold house by HM Land Registry.
In total it has sold twice since 1995.
The market for similar properties has risen by 15.7% since May 2018.
- Sold May 2018£715,000
- Sold Sep 2016£695,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 1.0 kilometres of 2, Martinsley Place, Oakham across the last 2 years.
Most recently, 9, Grove Close, Oakham, LE15 6GZ, a freehold house, sold at £859,995 on the 26th July 2024.
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
Our analysis of the public data ranks 2, Martinsley Place, Oakham as the largest and the most expensive of the 5 addresses on Martinsley Place, Oakham, LE15.
Against the LE15 postcode district average, it is £479k more expensive than the typical property.
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Schools Nearby
- 900mBrooke Hill Academy
- 1.0kmEnglish Martyrs' Catholic Voluntary Academy
- 1.1kmCatmose Primary
- 1.4kmCatmose College
- 9.3kmUppingham Community College
- 13.9kmCasterton College Rutland
More reading links
Public Transport Nearby
Oakham station is the nearest stop to 2, Martinsley Place, Oakham at 1.2 kilometres away.
- 1.2kmOakham
- 15.3kmMelton Mowbray
- 16.5kmStamford (Lincs)
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
