3, Martinsley Place
3, Martinsley Place
Description & Estimates
3, Martinsley Place, Oakham is recorded publicly as a modern freehold house across 1,851 ft2 of internal area, sitting on a 640 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 3, Martinsley Place, Oakham is £713,360 and its rental estimate is £1,840 per month, given the available information and assuming reasonable condition.
Martinsley Place, Oakham, LE15 falls within the LE15 postal district.
Our Data Sources
3, Martinsley Place, Oakham has 2 entries in the Land Registry , most recently in March 2023 and a single entry in the EPC database dated April 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 3, Martinsley Place, Oakham, we estimate a market value of £749,028 and a rental value of £1,932 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £663,425 and £1,711 per month respectively.
Recent Market Change
Over the last year, 3, Martinsley Place, Oakham has seen its estimated sale value drop by £15,465 (2.2%) and its estimated rental value rise by £40 per month (2.2%). This results in an estimated gross rental yield of 3.1%.
Plot Size
HM Land Registry records the plot of land for 3, Martinsley Place, Oakham as measuring 640 m2.
That makes it the 3rd largest plot in the postcode, where all 5 other houses have recorded plot data.
Energy Efficiency
3, Martinsley Place, Oakham has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 11 Apr 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
The most recent sale of 3, Martinsley Place, Oakham completed on 9th March 2023 at £675,000 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 8.8% over the period since March 2023.
- Sold Mar 2023£675,000
- Sold May 2016£535,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 3, Martinsley Place, Oakham have sold within a radius of 980 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 10th January 2025, was 1, Grove Close, Oakham, LE15 6GZ, a freehold house which sold for £679,995.
Read more about house prices in LE15.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 5 addresses on Martinsley Place, Oakham, LE15, 3, Martinsley Place, Oakham comes out as the 5th largest and the 5th most expensive in our analysis of the public data.
It is also £333k more expensive than the average property across the LE15 district.
More reading links
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
From 3, Martinsley Place, Oakham, the nearest station is Oakham, 1.2 kilometres away.
- 1.2kmOakham
- 15.3kmMelton Mowbray
- 16.5kmStamford (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.
