According to the public record, 51, Welland Way, Oakham is a mid-century freehold house and with 1,227 ft2 of internal area and sits on a 437 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Welland Way, Oakham, LE15 is located within the LE15 postal district.
51, Welland Way, Oakham has a single entry in the Land Registry database from March 2023 and a single entry in the EPC database dated March 2022.
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 51 Welland Way Oakham as £328,988 and the rental value as £1,198 per month giving an expected gross yield of 4.4%.
Over the last 12 months the sale value of 51 Welland Way Oakham has increased by £3,032 (0.9%) and its rental value has increased by £44 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 51, Welland Way, Oakham is in very good condition we estimate a sale value of £345,437 and rental value of £1,258 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £305,959 and a rental value of £1,114 per month.
If you were able to purchase this property for the estimated value of £328,988, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,617 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, 51, Welland Way, Oakham sits on a plot of 437m2.
We have plot size data on 45 out of 72 other houses in the postcode and 51, Welland Way, Oakham sits on the 5th largest plot.
According to HM Land Registry, 51, Welland Way, Oakham was last sold on 09 Mar 2023 for £318,000 and was recorded as a freehold house.
The property has only had this single sale 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 51, Welland Way, Oakham within a radius of 200m 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, 51, Welland Way, Oakham is the 30th largest and the 36th most expensive property on the street.
When compared to the postcode district it is £52k less expensive than the average property in LE15.
51, Welland Way, Oakham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 01 Mar 2022.
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 51, 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 51, 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 51, 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 51, 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 51, 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 51, 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.