According to the public record, 15, Welland Way, Oakham is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 1,071 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Welland Way, Oakham, LE15 is located within the LE15 postal district.
15, Welland Way, Oakham has a single entry in the Land Registry database from May 2018 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 15 Welland Way Oakham as £308,615 and the rental value as £1,147 per month giving an expected gross yield of 4.5%.
Over the last 12 months the sale value of 15 Welland Way Oakham has increased by £3,272 (1.1%) and its rental value has increased by £44 per month (3.8%).
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 15, Welland Way, Oakham is in very good condition we estimate a sale value of £324,046 and rental value of £1,205 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £287,012 and a rental value of £1,067 per month.
If you were able to purchase this property for the estimated value of £308,615, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,517 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 HM Land Registry, 15, Welland Way, Oakham was last sold on 29 May 2018 for £208,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since May 2018, the market for similar properties has risen 26.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 15, Welland Way, Oakham within a radius of 178m over the last 2 years.
The most recent example is 69, Welland Way, Oakham, LE15 6SL, a Freehold house which sold for £290,000 in Jan 2024.
Read more about house prices in LE15.
Welland Way, Oakham, LE15 has a total of 113 addresses. According to our analysis of all the public data, 15, Welland Way, Oakham is the 39th largest and the 58th most expensive property on the street.
When compared to the postcode district it is £73k less expensive than the average property in LE15.
The closest station to 15, Welland Way, Oakham is Oakham station which is 800 m 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 15, Welland Way, Oakham, 65.8% of property is privately owned outright and 28.8% is privately owned with a mortgage.
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 15, Welland Way, Oakham, 12.5% of residents are recorded as possessing school level qualifications and 33.5% 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 15, Welland Way, 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 15, Welland Way, Oakham, 1.3% 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 15, Welland Way, Oakham, there are an average of 1.5 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.