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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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According to the public record, Flat 3, 5, Westgate, Oakham is a modern leasehold apartment with 376 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 Flat 3, 5, Westgate, Oakham is £107,494 and the estimated rental value is £552 per month.
The apartment is within 5, Westgate, Oakham, LE15.
Westgate, Oakham, LE15 is located within the LE15 postal district.
Flat 3, 5, Westgate, Oakham has a single entry in the Land Registry from April 2011 and a single entry in the EPC database dated May 2019.
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 Flat 3, 5, Westgate, Oakham is in very good condition we estimate a sale value of £112,869 and a rental value of £580 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £99,970 and a rental value of £513 per month.
Over the last 12 months the sale value of Flat 3 5 Westgate Oakham has decreased by an estimated £3,232 (3.0%) and its rental value has increased by an estimated £18 per month (3.2%), giving an expected gross yield of 6.2%.
Flat 3, 5, Westgate, Oakham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 07 May 2019.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
According to HM Land Registry, Flat 3, 5, Westgate, Oakham was last sold on 21st April 2011 for £68,250 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since April 2011, the market for similar properties has risen 53.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 3, 5, Westgate, Oakham within a radius of 610 metres over the last 2 years.
The most recent example is Flat 4, 5, Westgate, Oakham, LE15 6BH, a leasehold flat which sold for £85,000 on the 19th February 2016.
Read more about house prices in LE15.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Westgate, Oakham, LE15 has a total of 9 addresses. According to our analysis of all the public data, Flat 3, 5, Westgate, Oakham is the 8th largest and the 8th most expensive property on the street.
When compared to the postcode district it is £270k less expensive than the average property in LE15.
The closest station to Flat 3, 5, Westgate, Oakham is Oakham station which is 200 metres away.
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 Flat 3, 5, Westgate, Oakham, 37.3% of property is socially rented and 31.3% is privately rented.
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 Flat 3, 5, Westgate, Oakham, 9.8% of residents are recorded as possessing school level qualifications and 24.5% 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 Flat 3, 5, Westgate, Oakham, the average age was 46.4 and the most common age was 17.
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 Flat 3, 5, Westgate, Oakham, 0.0% 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 Flat 3, 5, Westgate, Oakham, there are an average of 0.8 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
