88, Welland Way
88, Welland Way
Description & Estimates
Public records show 88, Welland Way, Oakham to be a mid-century freehold house with 548 ft2 of internal area, sitting on a 361 m2 plot.
In this area, houses of this size normally have 2 bedrooms with a garden.
88, Welland Way, Oakham has an estimated sale value of £217,327 and an estimated rental value of £883 per month, assuming reasonable condition and based on the information available.
Welland Way, Oakham, LE15 lies within the LE15 postal district.
Our Data Sources
88, Welland Way, Oakham has 3 entries in the Land Registry , most recently in February 2023 and a single entry in the EPC database dated November 2017.
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
In very good condition, we estimate 88, Welland Way, Oakham would be worth £228,194, with a potential rental value of £928 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £202,115, with a rental value of £822 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 88, Welland Way, Oakham has declined by £9,923 (4.6%) over the last year. During the same period, its estimated monthly rental value has climbed by £1 (0.1%). The property's estimated gross yield is currently 4.9%.
Plot Size
88, Welland Way, Oakham occupies a 361 m2 plot as recorded by HM Land Registry.
Of the 41 other houses in this postcode, 37 have recorded plot sizes, and this one ranks as the 6th largest.
Energy Efficiency
88, Welland Way, Oakham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 22 Nov 2017.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
88, Welland Way, Oakham last changed hands on 16th February 2023, selling for £275,000. The transaction was logged as a freehold house by HM Land Registry.
In total it has sold 3 times since 1995.
The market for similar properties has dropped by 4.9% since February 2023.
- Sold Feb 2023£275,000
- Sold Nov 2019£225,000
- Sold Jun 2018£180,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 770 metres of 88, Welland Way, Oakham across the last 2 years.
Most recently, 10, Dove Close, Oakham, LE15 6TA, a freehold house, sold at £238,000 on the 20th October 2023.
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
Our analysis of the public data ranks 88, Welland Way, Oakham as the 113th largest and the 108th most expensive of the 113 addresses on Welland Way, Oakham, LE15.
Against the LE15 postcode district average, it is £163k less expensive than the typical property.
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Schools Nearby
- 300mBrooke Hill Academy
- 400mCatmose Primary
- 1.6kmEnglish Martyrs' Catholic Voluntary Academy
- 1.1kmCatmose College
- 9.3kmUppingham Community College
- 15.0kmCasterton College Rutland
More reading links
Public Transport Nearby
Oakham station is the nearest stop to 88, Welland Way, Oakham at 1.1 kilometres away.
- 1.1kmOakham
- 14.6kmMelton Mowbray
- 17.6kmStamford (Lincs)
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
