Area Guide For Oakham

Oakham is the county town of Rutland, England. It lies 17.4 miles (28.0 km) east from Leicester, and has a total resident population of 9,975. Oakham, which has civil parish status, lies to the west of Rutland Water, one of the largest man-made lakes in Europe. It is in the Vale of Catmose and the town itself is built on an incline, and varies from 99m above sea level (Ladywell area) to 122m above sea level (Brooke School area). It is twinned with Barmstedt, Germany, and Dodgeville, Wisconsin, U.S.A.. Local governance for Oakham is provided for by the single-tier unitary Rutland County Council District Council, of which Oakham is the headquarters. Lying within the historic county boundaries of Rutland from a very early time, from 1974 until 1997, Oakham lay within the non-metropolitan county of Leicestershire. Oakham, along with Melton Mowbray in Leicestershire, and the rest of Rutland, has since 1992 been represented at Westminster by the Conservative Member of Parliament Alan Duncan. Tourist attractions in Oakham include All Saints Church and Oakham Castle. Another popular and historic feature is the open-air market held in the town's market square every Wednesday and Saturday


Oakham Map

Estimated Price: £320,721
Average Asking Price: £319,732
Price change in last one year: £21,282
Average Price Paid: £259,498
Average Rent Rates: £716


Property Prices Breakdown in Oakham

Average Price for property in Oakham is around £320,721 which varies based on type of property you are interested in and ranges from £416,279 for detached house to around £235,956 for semi-detached. Similarly terraced house is around £196,437 and a flat is worth £156,532. Values have been changing and have risen £970 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,545 in last 6 months, £21,282 in last 1 year, £38,714 in last 2 years, £25,466 in last 3 years, £36,393 in last 4 years and £36,338 in last 5 years.

Currently average asking price of a property in Oakham is around £319,732 based on approximately 528 properties for sale. Same is the case with rental options based on 53 properties up for rent, average asking rent is around £716 per month.

Estimated property value in Oakham is £320,721. Average asking price is £319,732 while average price paid is £262,878 which is up by £21,282 and Avg. asking rent £716.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Oakham area. In last 1 year alone average price buyer paid is around £262,878 based on approximately 528 sales in Oakham area alone. If you compare it to last 3 years sales of 1,493 properties where buyers paid around £261,471. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £259,498 for 2,330 and average amount paid for purchase of approx. 3,096 properties sold in last 7 years comes to about £259,259 per sale.


Properties For Sale in Oakham


Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £152,486, £172,243 for a 2 bedroom house, £257,752 for a 3 bedroom house, £380,822 for a 4 bedroom house and £554,899 for a 5 bedroom house. For a flat similarly the prices varies from £116,061 for a single bedroom to £110,117 for a 2 bedroom Flat. To sum up the asking prices for properties in Oakham it comes to around average £129,307 for 1 bedroom property, £151,534 for 2 bedroom, £257,752 for 3 bedroom, £380,822 for 4 bedroom and £554,899 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £416 for 1 bedroom to £643 for 2 bedrooms, £775 for 3 bedrooms, £1,096 for 4 bedrooms and £2,249 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £470. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £536. You should be generally be expecting around average £464 rent per month for single bedroom property, £594 for 2 bedroom, £775 for 3 bedroom, £1,096 for 4 bedroom and approximately £2,249 for a 5 bedroom property in Oakham area.

Popular Houses in Oakham

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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