According to the public record, 2, Mendip Road, Oakham is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 1,388 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Mendip Road, Oakham, LE15 is located within the LE15 postal district.
2, Mendip Road, Oakham has a single entry in the Land Registry database from August 2006 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 2 Mendip Road Oakham as £377,723 and the rental value as £1,261 per month giving an expected gross yield of 4%.
Over the last 12 months the sale value of 2 Mendip Road Oakham has increased by £3,609 (1.0%) and its rental value has increased by £47 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 2, Mendip Road, Oakham is in very good condition we estimate a sale value of £396,609 and rental value of £1,325 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £351,282 and a rental value of £1,173 per month.
If you were able to purchase this property for the estimated value of £377,723, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,856 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, 2, Mendip Road, Oakham was last sold on 04 Aug 2006 for £220,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Mendip Road, Oakham within a radius of 880 metres over the last 2 years.
The most recent example is 37, Glebe Way, Oakham, LE15 6LX, a Freehold house which sold for £218,000 in Jun 2021.
Read more about house prices in LE15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mendip Road, Oakham, LE15 has a total of 14 addresses. According to our analysis of all the public data, 2, Mendip Road, Oakham is the 2nd largest and the most expensive property on the street.
When compared to the postcode district it is £4k less expensive than the average property in LE15.
The closest station to 2, Mendip Road, Oakham is Oakham station which is 1.0 kilometres 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 2, 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 2, 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 2, 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 2, 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 2, 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.