16, OAKLEA, WELWYN, AL6 0PU - £640,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

16 OAKLEA is a small detached house of 126m², built sometime between 1950 and 1966, which could now be worth an estimated £618,704. It was last sold for £640,000 in July 2022, which was around 34% below the average July 2022 detached price in the Welwyn Hatfield local authority area. The most recent EPC inspection was August 2021, where the current energy rating was D, and the potential energy rating was C.

16 OAKLEA Sold Prices

Land registry data shows two sales for 16 OAKLEA since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Welwyn Hatfield local authority area for the corresponding sale date. Both of the two 16 OAKLEA 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
2022 15 JUL	£640,000	£970,246	34% below HPI
2012 30 APR	£460,000	£547,873	16% below HPI

16 OAKLEA Price Paid vs. HPI Average

The below graph shows the average detached house price in the Welwyn Hatfield local authority area over time, sourced from the HPI. The two 16 OAKLEA sales from April 2012 and July 2022 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 April 2012 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the July 2022 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 16 OAKLEA be worth now?

16 OAKLEA might now be worth an estimated £618,704.

This is based on house price deflation of 3.3%, between July 2022 and February 2025, for detached houses, in the Welwyn Hatfield local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.3% deflationary decrease is applied to the most recent sale price for 16 OAKLEA of £640,000 on 15th July 2022. For the value to have decreased from £640,000 to £618,704 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of 16 OAKLEA has moved in line with the HPI for detached houses in the Welwyn Hatfield local authority area.
• The July 2022 sale price of £640,000 represented a fair market value for the property.
• The size, condition, and specification of 16 OAKLEA has not materially changed since July 2022.

How Large is 16 OAKLEA?

16 OAKLEA is 126m² according to the EPC inspection conducted in August 2021. This puts it in the smallest 30% of detached houses houses in Oaklands, based on EPC data. The below chart shows the distribution of detached houses houses by size in Oaklands, and where 16 OAKLEA lies on this distribution: 24% of detached houses houses are smaller than 16 OAKLEA, and 76% of houses are larger. Note that EPC data is not available for all properties in Oaklands.

16 OAKLEA: Plot and Title Map

16 OAKLEA sits on a plot of roughly 0.121 of an acre, or 491m². The below map shows the location of 16 OAKLEA, 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 16 OAKLEA). 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 16 OAKLEA?

16 OAKLEA is located in WELWYN, in the AL6 postcode district. The below map shows the position of No. 16 on OAKLEA.