2, Somerby Road
2, Somerby Road
Description & Estimates
The public record lists 2, Somerby Road, Oakham as a freehold house.
Comparison with its neighbours suggests a modern house with 1,911 ft2 of internal area and a garden.
In this area, houses of this size normally have 4 bedrooms.
2, Somerby Road, Oakham has an estimated sale value of £714,733 and an estimated rental value of £1,843 per month, assuming reasonable condition and based on the information available.
Somerby Road, Cold Overton, Oakham, LE15 lies in the borough of Melton, within the LE15 postal district.
Our Data Sources
2, Somerby Road, Oakham has a single entry in the Land Registry from September 2021 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Price Range & Condition
In very good condition, we estimate 2, Somerby Road, Oakham would be worth £750,469, with a potential rental value of £1,936 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £664,701, with a rental value of £1,714 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, Somerby Road, Oakham has moved down by £15,494 (2.2%) over the last year. During the same period, its estimated monthly rental value has increased by £40 (2.2%). The property's estimated gross yield is currently 3.1%.
Sold Prices
2, Somerby Road, Oakham last changed hands on 17th September 2021, selling for £580,000. The transaction was logged as a freehold house by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has risen by 5.3% since September 2021.
- Sold Sep 2021£580,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 4.2 kilometres of 2, Somerby Road, Oakham across the last 2 years.
Most recently, 1, Saxons Lea, Melton Mowbray, LE14 2PL, a freehold house, sold at £706,500 on the 18th August 2020.
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, Somerby Road, Oakham as the 2nd largest and the 2nd most expensive of the 4 addresses on Somerby Road, Cold Overton, Oakham, LE15.
Against the LE15 postcode district average, it is £334k more expensive than the typical property.
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Schools Nearby
- 3.2kmSomerby Primary School
- 3.7kmLangham CofE (Controlled) Primary School
- 4.6kmCatmose Primary
- 4.5kmCatmose College
- 11.0kmLong Field Spencer Academy
- 12.5kmJohn Ferneley College
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Public Transport Nearby
Oakham station is the nearest stop to 2, Somerby Road, Oakham at 4.8 kilometres away.
- 4.8kmOakham
- 10.4kmMelton Mowbray
- 18.8kmSyston
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
