Buying a home in LE15, Oakham. What it costs, what you get and where else to look.

Typical 3-bedroom house£281kmost £229k–£347k

Houses per m²£3,110flats £2,483

Sold last year3041,909 in five years

Prices in Rutland-6.4%on a year ago

A typical 3-bedroom house in LE15 sold for £280,878 over the last five years, in today's money; most went for between £228,750 and £347,410, for about 90 m² of space.

304 homes sold here in the last year: one of the busier markets in England and Wales, so there is usually plenty to choose from. Flats start at around £102k for one bedroom. Within the district, houses cost the least per m² in LE15 7 (£3,052) and the most in LE15 8 (£3,419).

Across Rutland, prices are down 6.4% on a year ago and up 0% over five years. Renting a similar home there costs about £993 a month; a 90% mortgage on the typical price would be around £1,281 a month at 4.5% over 30 years. Lenders would typically want a household income of about £56,000 for that mortgage: what £60,000 buys.

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House prices in LE15 by bedrooms

Bedrooms	Typical price	Most sell for	Size	Sold, 5 years
1	£144,807	£136k–£178k	47 m²	26
2	£211,453	£179k–£251k	68 m²	364
3	£280,878	£229k–£347k	90 m²	701
4	£384,962	£312k–£477k	120 m²	306
5+	£554,689	£438k–£726k	173 m²	430

Prices by type of home

	1 bed	2 bed	3 bed	4 bed	5+ bed
Houses	£145k	£211k	£281k	£385k	£555k
Detached	—	£261k	£337k	£413k	£559k
Semi-detached	£147k	£223k	£254k	£314k	£500k
Terraced	£141k	£192k	£233k	£265k	£612k
Flats	£102k	£117k	—	—	—

Typical sale price over the last five years, adjusted to today's prices with the UK House Price Index.

Price per m² across LE15

Postcode sector	Houses	Flats
LE15 6	£3,060	£2,866
LE15 7	£3,052	£2,446
LE15 8	£3,419	—
LE15 9	£3,189	£2,045

Schools near LE15

Best state secondary within 5 kmCatmose College50% got grade 5+ in English and maths · England 43.8%2 state secondaries within 5 km

Nearby areas

PE9 Stamford · 15 km3-bed house £330k NN17 Corby · 17 km3-bed house £233k LE13 Melton Mowbray · 17 km3-bed house £240k NG33 Grantham · 20 km3-bed house £256k LE14 Melton Mowbray · 20 km3-bed house £283k NN18 Corby · 20 km3-bed house £230k PE8 Peterborough · 22 km3-bed house £326k LE16 Market Harborough · 23 km3-bed house £333k

Questions about LE15

Is LE15 a good area to buy a home?

What the numbers say: prices in Rutland are down 6.4% on a year ago; the best secondary is above it (50% against 43.8%); 304 homes sold here last year. Whether it suits you depends on your budget and what you need nearby, so compare it with the districts around it below.

How much is a 3-bedroom house in LE15?

A typical 3-bedroom house in LE15 sold for £280,878 over the last five years, in today's money. Most sold between £228,750 and £347,410.

How many homes sell in LE15 each year?

304 homes sold in the last year and 1,909 in five years: one of the busier markets in England and Wales, so there is usually plenty to choose from.

Where is cheaper near LE15?

For a 3-bedroom house, NN17 (£233k, 17 km), LE13 (£240k, 17 km), NN18 (£230k, 20 km).

Sources: HM Land Registry price paid data matched to the EPC register for size and bedrooms, last five years in today's prices; UK House Price Index (July 2026); ONS private rents (August 2026); DfE school performance tables. Districts with fewer than five sales of a kind are left out. The mortgage figure is an illustration, not advice.