According to the public record, 2, Redland Road, Oakham is a mid-century freehold house with 990 ft2 of internal area and sits on a 347 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Redland Road, Oakham, LE15 is located within the LE15 postal district.
2, Redland Road, Oakham has 41 entries in the Land Registry database, most recently in December 2019 and a single entry in the EPC database dated October 2013.
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 2 Redland Road Oakham as £298,196 and the rental value as £1,105 per month giving an expected gross yield of 4.4%.
Over the last 12 months the sale value of 2 Redland Road Oakham has increased by £3,344 (1.1%) and its rental value has increased by £43 per month (3.9%).
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, Redland Road, Oakham is in very good condition we estimate a sale value of £313,106 and rental value of £1,160 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £277,322 and a rental value of £1,028 per month.
If you were able to purchase this property for the estimated value of £298,196, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,466 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, 2, Redland Road, Oakham sits on a plot of 347m2.
We have plot size data on 16 out of 32 other houses in the postcode and 2, Redland Road, Oakham sits on the 6th largest plot.
According to HM Land Registry, 2, Redland Road, Oakham was last sold on 18 Dec 2019 for £300,000 and was recorded as a freehold house.
The property has had 4 sales since 1995.
Since Dec 2019, the market for similar properties has risen 21.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Redland Road, Oakham within a radius of 750 metres over the last 2 years.
The most recent example is 51, Redland Road, Oakham, LE15 6PH, a Freehold house which sold for £315,000 in Dec 2023.
Read more about house prices in LE15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Redland Road, Oakham, LE15 has a total of 68 addresses. According to our analysis of all the public data, 2, Redland Road, Oakham is the 51st largest and the 48th most expensive property on the street.
When compared to the postcode district it is £83k less expensive than the average property in LE15.
2, Redland Road, Oakham has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 25 Oct 2013.
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 2, Redland Road, Oakham is Oakham station which is 800 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 2, Redland Road, Oakham, 63.0% of property is privately owned outright and 26.9% 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 2, Redland Road, Oakham, 14.6% of residents are recorded as possessing school level qualifications and 32.0% 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, Redland 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, Redland Road, Oakham, 1.5% 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, Redland Road, Oakham, there are an average of 1.6 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.