11, THE OAKS, WEST CORNFORTH, FERRYHILL, DL17 9JT - £122,500

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

11 THE OAKS is a very small detached house of 89m², built sometime between 1996 and 2002. It was last sold for £122,500 in May 2008, which was around 35% below the average May 2008 detached price in the County Durham local authority area. The most recent EPC inspection was October 2010, where the current energy rating was D, and the potential energy rating was C.

11 THE OAKS Sold Prices

Land registry data shows two sales for 11 THE OAKS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the County Durham local authority area for the corresponding sale date. Both of the two 11 THE OAKS sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2008 9 MAY	£122,500	£189,347	35% below HPI
2002 18 OCT	£59,995	£98,064	39% below HPI

11 THE OAKS Price Paid vs. HPI Average

The below graph shows the average detached house price in the County Durham local authority area over time, sourced from the HPI. The two 11 THE OAKS sales from October 2002 and May 2008 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the October 2002 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the May 2008 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 11 THE OAKS?

11 THE OAKS is 89m² according to the EPC inspection conducted in October 2010. This puts it in the smallest 20% of detached houses in Cornforth, based on EPC data. The below chart shows the distribution of detached houses by size in Cornforth, and where 11 THE OAKS lies on this distribution: 13% of detached houses are smaller than 11 THE OAKS, and 87% of houses are larger. Note that EPC data is not available for all properties in Cornforth.

11 THE OAKS: Plot and Title Map

11 THE OAKS sits on a plot of roughly 0.075 of an acre, or 302m². The below map shows the location of 11 THE OAKS, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 11 THE OAKS). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 11 THE OAKS?

11 THE OAKS is located in WEST CORNFORTH, in the DL17 postcode district. The below map shows the position of No. 11 on THE OAKS.