40, Main Street
40, Main Street
Description & Estimates
40, Main Street, Oakham is recorded publicly as a modern freehold house across 1,646 ft2 of internal area, sitting on a 638 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 40, Main Street, Oakham is £441,423 and its rental estimate is £1,441 per month, given the available information and assuming reasonable condition.
Main Street, Cottesmore, Oakham, LE15 falls within the LE15 postal district.
Our Data Sources
40, Main Street, Oakham has 21 entries in the Land Registry , most recently in June 2007 and a single entry in the EPC database dated June 2012.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high 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 40, Main Street, Oakham, we estimate a market value of £463,495 and a rental value of £1,513 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £410,524 and £1,340 per month respectively.
Recent Market Change
Over the last year, 40, Main Street, Oakham has seen its estimated sale value drop by £9,569 (2.2%) and its estimated rental value rise by £31 per month (2.2%). This results in an estimated gross rental yield of 3.9%.
Plot Size
HM Land Registry records the plot of land for 40, Main Street, Oakham as measuring 638 m2.
That makes it the 7th largest plot in the postcode, where 12 of the 19 other houses have recorded plot data.
Energy Efficiency
40, Main Street, Oakham has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 11 Jun 2012.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, electric.
Sold Prices
The most recent sale of 40, Main Street, Oakham completed on 29th June 2007 at £320,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 66.8% over the period since June 2007.
- Sold Jun 2007£320,000
- Sold Sep 2000£165,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 40, Main Street, Oakham have sold within a radius of 4.0 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 25th September 2023, was 4, Jubilee Gardens, Oakham, LE15 7TJ, a freehold house which sold for £420,000.
Read more about house prices in LE15.
- Sold Sep 2023£420,000 | 4 Bed House4, Jubilee Gardens, Oakham, LE15 7TJ4, Jubilee Gardens, Oakham, LE15 7TJ
- Sold Feb 2020£425,000 | 4 Bed House10, Jubilee Gardens, Oakham, LE15 7TJ10, Jubilee Gardens, Oakham, LE15 7TJ
- Sold Feb 2019£364,000 | 4 Bed House12, Jubilee Gardens, Oakham, LE15 7TJ12, Jubilee Gardens, Oakham, LE15 7TJ
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 55 addresses on Main Street, Cottesmore, Oakham, LE15, 40, Main Street, Oakham comes out as the 33rd largest and the 38th most expensive in our analysis of the public data.
It is also £61k more expensive than the average property across the LE15 district.
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Schools Nearby
- 300mSt Nicholas Church of England Primary School
- 1.5kmCottesmore Academy
- 3.7kmExton and Greetham CofE Primary School
- 6.6kmCatmose College
- 10.9kmCasterton College Rutland
- 13.8kmStamford Welland Academy
More reading links
Public Transport Nearby
From 40, Main Street, Oakham, the nearest station is Oakham, 6.4 kilometres away.
- 6.4kmOakham
- 14.5kmStamford (Lincs)
- 15.7kmMelton 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.
