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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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Public records show 7, Wheel Lane, Oakham to be a period freehold house with 441 ft2 of internal area.
In this area, houses of this size normally have 2 bedrooms with a garden.
7, Wheel Lane, Oakham has an estimated sale value of £414,944 and an estimated rental value of £1,282 per month, assuming reasonable condition and based on the information available.
Wheel Lane, Barrowden, Oakham, LE15 lies within the LE15 postal district.
7, Wheel Lane, Oakham has a single entry in the Land Registry from May 2022 and a single entry in the EPC database dated September 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
In very good condition, we estimate 7, Wheel Lane, Oakham would be worth £435,691, with a potential rental value of £1,346 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £385,898, with a rental value of £1,192 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
The estimated sale value of 7, Wheel Lane, Oakham has dropped by £18,946 (4.6%) over the last year. During the same period, its estimated monthly rental value has risen by £2 (0.1%). The property's estimated gross yield is currently 3.7%.
7, Wheel Lane, Oakham has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 02 Sep 2020.
The property is not connected to mains gas and has full secondary glazing. It is heated using Electric storage heaters.
7, Wheel Lane, Oakham last changed hands on 24th May 2022, selling for £435,000. 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 dropped by 37.2% since May 2022.
Land Registry records and our Estate Agent network show 3 sales within 5.2 kilometres of 7, Wheel Lane, Oakham across the last 2 years.
Most recently, 4, Wheel Lane, Oakham, LE15 8ER, a freehold house, sold at £477,500 on the 10th December 2019.
Read more about house prices in LE15.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our analysis of the public data ranks 7, Wheel Lane, Oakham as the 16th largest and the 12th most expensive of the 16 addresses on Wheel Lane, Barrowden, Oakham, LE15.
Against the LE15 postcode district average, it is £35k more expensive than the typical property.
Stamford (Lincs) station is the nearest stop to 7, Wheel Lane, Oakham at 10.3 kilometres away.
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Environment Agency data suggests this area has a very low risk of flooding.
The recent census recorded whether a resident owned or rented their home.
In the area around 7, Wheel Lane, Oakham, 57.6% of property is privately owned outright and 25.4% is privately owned with a mortgage.
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 7, Wheel Lane, Oakham, 14.7% of residents are recorded as possessing school level qualifications and 54.1% 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 7, Wheel Lane, Oakham, the average age was 47 and the most common age was 72.
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 7, Wheel Lane, Oakham, 2.7% 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 7, Wheel Lane, Oakham, there are an average of 1.9 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
