23-25, Pudding Bag Lane
23-25, Pudding Bag Lane
Description & Estimates
23-25, Pudding Bag Lane, Oakham appears in the public record as a freehold house.
By comparing it to nearby properties, we estimate it to be a period house with 1,932 ft2 of internal area and a garden.
Locally, houses of this size normally have 5 bedrooms.
Our estimate of the sale value of 23-25, Pudding Bag Lane, Oakham is £608,089 and its rental estimate is £1,611 per month, given the available information and assuming reasonable condition.
Pudding Bag Lane, Exton, Oakham, LE15 falls within the LE15 postal district.
Our Data Sources
23-25, Pudding Bag Lane, Oakham has 21 entries in the Land Registry , most recently in May 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 2 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 23-25, Pudding Bag Lane, Oakham, we estimate a market value of £638,494 and a rental value of £1,691 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £565,523 and £1,498 per month respectively.
Recent Market Change
Over the last year, 23-25, Pudding Bag Lane, Oakham has seen its estimated sale value decline by £16,387 (2.7%) and its estimated rental value climb by £22 per month (1.4%). This results in an estimated gross rental yield of 3.2%.
Sold Prices
The most recent sale of 23-25, Pudding Bag Lane, Oakham completed on 7th May 2021 at £700,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have dropped by 13.9% over the period since May 2021.
- Sold May 2021£700,000
- Sold May 1995£162,500
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 23-25, Pudding Bag Lane, Oakham have sold within a radius of 4.2 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 30th January 2023, was The Old School, Oakham Road, Oakham, LE15 8AX, a freehold house which sold for £932,000.
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 16 addresses on Pudding Bag Lane, Exton, Oakham, LE15, 23-25, Pudding Bag Lane, Oakham comes out as the 4th largest and the 4th most expensive in our analysis of the public data.
It is also £228k more expensive than the average property across the LE15 district.
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Schools Nearby
- 600mExton and Greetham CofE Primary School
- 3.4kmSt Nicholas Church of England Primary School
- 3.7kmCottesmore Academy
- 7.4kmCatmose College
- 8.1kmCasterton College Rutland
- 11.0kmStamford Welland Academy
More reading links
Public Transport Nearby
From 23-25, Pudding Bag Lane, Oakham, the nearest station is Oakham, 7.1 kilometres away.
- 7.1kmOakham
- 11.5kmStamford (Lincs)
- 18.6kmMelton Mowbray
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.
