According to the public record, 48A, Welland Way, Oakham is a modern freehold house and with 861 ft2 of internal area and sits on a 123 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Welland Way, Oakham, LE15 is located within the LE15 postal district.
48A, Welland Way, Oakham has 31 entries in the Land Registry database, most recently in September 2009 and a single entry in the EPC database dated March 2009.
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 48A Welland Way Oakham as £265,498 and the rental value as £1,037 per month giving an expected gross yield of 4.7%.
Over the last 12 months the sale value of 48A Welland Way Oakham has increased by £2,815 (1.1%) and its rental value has increased by £40 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 48A, Welland Way, Oakham is in very good condition we estimate a sale value of £278,773 and rental value of £1,089 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £246,913 and a rental value of £965 per month.
If you were able to purchase this property for the estimated value of £265,498, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,305 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, 48A, Welland Way, Oakham sits on a plot of 123m2.
We have plot size data on 45 out of 72 other houses in the postcode and 48A, Welland Way, Oakham sits on the 42nd largest plot.
According to HM Land Registry, 48A, Welland Way, Oakham was last sold on 18 Sep 2009 for £120,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Sep 2009, the market for similar properties has risen 71.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 48A, Welland Way, Oakham within a radius of 285m over the last 2 years.
The most recent example is 52, Welland Way, Oakham, LE15 6SL, a Freehold house which sold for £217,000 in Sep 2023.
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, 48A, Welland Way, Oakham is the 73rd largest and the 83rd most expensive property on the street.
When compared to the postcode district it is £116k less expensive than the average property in LE15.
48A, Welland Way, Oakham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 30 Mar 2009.
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 48A, 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 48A, 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 48A, 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 48A, 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 48A, 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 48A, 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.