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Oakham House Prices

The average house price in Oakham is £260,996 using HM Land Registry data.

The average property price increased by £43,423 (16.68%) over the last 5 years and increased by £8,679 (2.94%) over the last 12 months.

Over the last year, there were 163 residential property sales – a decrease of 102 transactions (-62.58%) relative to the previous year. The majority of house sales (48) were in the £170,000 - £250,000 range. Then came properties in the £250,000 - £330,000 range, where 36 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 59 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,093 (-2%).

In April 2024, there were 42 new estate agency instructions, 27 agreed home sales and 19 property price reductions.

5-Year Average Property Prices in Oakham

16.68%

Property prices in Oakham increased by 16.68% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Oakham Over the Last Year

2.94%

Property prices in Oakham increased by 2.94% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for Oakham - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Oakham

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Oakham

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Oakham

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Oakham since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Oakham area since 1995.

Recent Property Sales in Oakham

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
9 Edmonton Way, Oakham, Rutland, LE15 6JE	£599,950	£575,000	-£24,950	14 Sep 2023	23 Feb 2024	162 Days
4 John Clare Close, Oakham, Rutland, LE15 6GH	£340,000	£320,000	-£20,000	08 Aug 2023	09 Feb 2024	185 Days
4 Peterborough Avenue, Oakham, Rutland, LE15 6EB	£550,000	£515,000	-£35,000	22 Sep 2023	31 Jan 2024	131 Days
69 Welland Way, Oakham, Rutland, LE15 6SL	£300,000	£290,000	-£10,000	25 Aug 2023	26 Jan 2024	154 Days
82 Cold Overton Road, Oakham, Rutland, LE15 6NT	£225,000	£225,000	£00	06 Oct 2023	25 Jan 2024	111 Days
Flat 5, West Walk, West Road, Oakham, Rutland, LE15 6LT	£112,500	£110,000	-£2,500	14 Jul 2023	12 Jan 2024	182 Days
6 Ribble Walk, Oakham, Rutland, LE15 6SS	£199,950	£199,950	£00	19 Oct 2023	21 Dec 2023	63 Days
10 Huntsmans Drive, Oakham, Rutland, LE15 6RP	£235,000	£235,000	£00	02 Jun 2023	15 Dec 2023	196 Days
51 Redland Road, Oakham, Rutland, LE15 6PH	£325,000	£315,000	-£10,000	26 Sep 2023	12 Dec 2023	77 Days
9 Ashfield, Oakham, Rutland, LE15 6QB	£450,000	£450,000	£00	29 Aug 2023	07 Dec 2023	100 Days
3 Derwent Drive, Oakham, Rutland, LE15 6RZ	£375,000	£375,000	£00	10 Aug 2023	06 Dec 2023	118 Days
5 Crown Street, Oakham, Rutland, LE15 6AE	£290,000	£271,000	-£19,000	25 Apr 2023	30 Nov 2023	219 Days
6 Avon Close, Oakham, Rutland, LE15 6SR	£250,000	£210,000	-£40,000	03 Jul 2023	30 Nov 2023	150 Days
7 Digby Drive, Oakham, Rutland, LE15 6LJ	£275,000	£275,000	£00	18 Jul 2023	09 Nov 2023	114 Days
1 Sculthorpe Close, Oakham, Rutland, LE15 6FJ	£435,000	£435,000	£00	29 Mar 2023	08 Nov 2023	224 Days
9 Claresholm Close, Oakham, Rutland, LE15 6UR	£560,000	£547,000	-£13,000	08 Jun 2023	08 Nov 2023	153 Days
18 Tyne Road, Oakham, Rutland, LE15 6SJ	£275,000	£270,000	-£5,000	04 May 2023	03 Nov 2023	183 Days
9 St Albans Close, Oakham, Rutland, LE15 6EW	£675,000	£657,500	-£17,500	08 Sep 2023	25 Oct 2023	47 Days
3 The Dell, Oakham, Rutland, LE15 6JG	£500,000	£500,000	£00	06 Sep 2023	23 Oct 2023	47 Days
5 Nightingale Way, Oakham, Rutland, LE15 6ES	£310,000	£295,000	-£15,000	28 Apr 2023	19 Oct 2023	174 Days

Most Expensive Streets in Oakham

Postcode	Street	Area	Average	No. of Sales
LE15 6JA	Stamford Road	Oakham	£781,111	9
LE15 6EW	St Albans Close	Oakham	£644,166	3
LE15 6HZ	Stamford Road	Oakham	£642,500	4
LE15 6GF	Tolethorpe Close	Oakham	£584,900	5
LE15 6EB	Peterborough Avenue	Oakham	£582,500	7
LE15 6HN	Catmose Park Road	Oakham	£559,500	3
LE15 6EG	Vicarage Road	Oakham	£536,913	3
LE15 6BY	Chaffinch Close	Oakham	£511,000	3
LE15 6RG	Barmstedt Drive	Oakham	£506,075	7
LE15 6JE	Edmonton Way	Oakham	£502,777	9

Least Expensive Streets in Oakham

Postcode	Street	Area	Average	No. of Sales
LE15 6BF	West Road	Oakham	£111,562	4
LE15 7TN	Livery House	Stud Road	£125,458	12
LE15 7GP	Pelham Court	Barleythorpe	£125,500	4
LE15 6RN	The Sidings	Oakham	£144,380	20
LE15 7FX	Kimblewick House	Pelham Court	£146,983	3
LE15 6DD	Ladywell	Oakham	£147,399	15
LE15 6DB	Ladywell	Oakham	£155,555	9
LE15 6TB	Wreake Walk	Oakham	£157,333	6
LE15 6LG	Rutland Court	Braunston Road	£166,333	6
LE15 6QU	Station Road	Oakham	£169,142	7