Oakham's unique statue of the late Queen Elizabeth II has been valued at £200,000. 

Hundreds gathered at the unveiling of the bronze statue last year when it was placed outside Oakham Library. 

Public donations and a £5,000 contribution from Oakham Town Council had paid for the £125,000 cost of the creation by sculpture  Hywel Pratley, which when unveiled was thought to be the only permanent statue to the late monarch, who died in 2022. 

At yesterday's Oakham Town Council meeting, clerk Christopher Evans said the statute had been valued at £200,000. The town council, which owns a number of sports buildings in the town now has assets totalling just under £2million. 

According to the asset register, the tennis club is worth £257,000, the bowls club pavilion is worth £360,000 and the bandstand at Cutts Close is valued at £145,230. 

The regalia of the council is worth £20,649; the office furniture and equipment values at just under £50,000, and play equipment the council owns across the town, including the skateboard ramp is valued at £350,636. 

At the meeting it was decided to move ahead with the town council's relocation to the Victoria Centre in High Street, subject to a solicitor looking over the details of the tenancy agreement. The move is set to save the council several thousands per year, as the rent is lower than it pays for its current building and also utility costs are included.  

The town council also decided to agree to make repairs to the church wall at All Saints Church. The council decided to go with the £16,740 quote provided by Rutland and Cotswold to make the repairs. 

Before the full council meeting the finance committee met and had a private session to discuss future capital projects. Options for projects to be considered were not listed.