According to the public record, 1, Mendip Road, Oakham is a mid-century freehold house and with 1,388 ft2 of internal area and sits on a 484 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Mendip Road, Oakham, LE15 is located within the LE15 postal district.
1, Mendip Road, Oakham has 41 entries in the Land Registry database, most recently in March 2023 and a single entry in the EPC database dated March 2015.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 1 Mendip Road Oakham as £300,005 and the rental value as £1,134 per month giving an expected gross yield of 4.5%.
Over the last 12 months the sale value of 1 Mendip Road Oakham has increased by £2,867 (1.0%) and its rental value has increased by £42 per month (3.7%).
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 1, Mendip Road, Oakham is in very good condition we estimate a sale value of £315,005 and rental value of £1,191 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £279,005 and a rental value of £1,055 per month.
If you were able to purchase this property for the estimated value of £300,005, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,474 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 1, Mendip Road, Oakham sits on a plot of 484m2.
We have plot size data on 8 out of 13 other houses in the postcode and 1, Mendip Road, Oakham sits on the largest plot.
According to HM Land Registry, 1, Mendip Road, Oakham was last sold on 03 Mar 2023 for £280,000 and was recorded as a freehold house.
The property has had 4 sales since 1995.
Since Mar 2023, the market for similar properties has risen 0.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Mendip Road, Oakham within a radius of 535m over the last 2 years.
The most recent example is 13, Kennedy Close, Oakham, LE15 6LL, a Freehold house which sold for £300,000 in Dec 2023.
Read more about house prices in LE15.
Mendip Road, Oakham, LE15 has a total of 14 addresses. According to our analysis of all the public data, 1, Mendip Road, Oakham is the largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £81k less expensive than the average property in LE15.
1, Mendip Road, Oakham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 05 Mar 2015.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 1, Mendip Road, Oakham is Oakham station which is 1.0 km 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 1, Mendip Road, Oakham, 35.9% of property is privately owned with a mortgage and 26.9% is privately owned outright.
The graph below shows how this compares to Greater London 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 1, Mendip Road, Oakham, 20.3% of residents are recorded as possessing school level qualifications and 21.5% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 1, Mendip Road, 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 1, Mendip Road, Oakham, 0.5% 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 1, Mendip Road, Oakham, there are an average of 1.3 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.