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Company No. 11113204
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According to the public record, 6, Park Lane, Oakham is a modern leasehold apartment with 387 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 6, Park Lane, Oakham is £126,423 and the estimated rental value is £580 per month.
Park Lane, Oakham, LE15 is located within the LE15 postal district.
6, Park Lane, Oakham has a single entry in the Land Registry from March 2012 and a single entry in the EPC database dated April 2023.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 6, Park Lane, Oakham is in very good condition we estimate a sale value of £132,745 and a rental value of £609 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £117,574 and a rental value of £539 per month.
Over the last 12 months the sale value of 6 Park Lane Oakham has decreased by an estimated £3,801 (3.0%) and its rental value has increased by an estimated £18 per month (3.2%), giving an expected gross yield of 5.5%.
6, Park Lane, Oakham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 04 Apr 2023.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 6, Park Lane, Oakham was last sold on 7th March 2012 for £79,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since March 2012, the market for similar properties has risen 52.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 6, Park Lane, Oakham within a radius of 590 metres over the last 2 years.
The most recent example is Flat 3, 5, Westgate, Oakham, LE15 6BH, a leasehold flat which sold for £100,000 on the 29th October 2024.
Read more about house prices in LE15.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Park Lane, Oakham, LE15 has a total of 10 addresses. According to our analysis of all the public data, 6, Park Lane, Oakham is the 10th largest and the 10th most expensive property on the street.
When compared to the postcode district it is £251k less expensive than the average property in LE15.
The closest station to 6, Park Lane, Oakham is Oakham station which is 100 metres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 6, Park Lane, Oakham, 30.5% of property is privately owned with a mortgage and 30.1% is privately owned outright.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 6, Park Lane, Oakham, 19.8% of residents are recorded as possessing school level qualifications and 28.5% as possessing degree level qualifications.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 6, Park Lane, Oakham, the average age was 43.6 and the most common age was 52.
The graph below shows how this compares to East Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 6, Park Lane, Oakham, 0.7% of property was a second home.
Comparison figures for East Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 6, Park Lane, Oakham, there are an average of 1.2 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
