18, OAKWOOD, LANCHESTER, DURHAM, DH7 0NP - £278,250

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.

18 OAKWOOD is a midsized extended detached house of 120m², built sometime between 1983 and 1990, which could now be worth an estimated £403,039. It was last sold for £278,250 in May 2015, which was around 71% above the average May 2015 detached price in the County Durham local authority area. The most recent EPC inspection was May 2009, where the current energy rating was C, and the potential energy rating was C.

18 OAKWOOD Sold Prices

Land registry data shows three sales for 18 OAKWOOD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the County Durham local authority area for the corresponding sale date. All of the three 18 OAKWOOD sales were for above 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
2015 11 MAY	£278,250	£163,043	71% above HPI
2007 8 AUG	£310,000	£195,343	59% above HPI
1997 24 JAN	£108,000	£70,379	53% above HPI

18 OAKWOOD 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 three 18 OAKWOOD sales between January 1997 and May 2015 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 August 2007 sale was for 59% above the HPI. So the extrapolation line tracks at 59% above the HPI over time, until the May 2015 sale, where it rises to 71% above the HPI. The line then continues to track at 71% above the HPI.

What might 18 OAKWOOD be worth now?

18 OAKWOOD might now be worth an estimated £403,039.

This is based on house price inflation of 44.8%, between May 2015 and February 2025, for detached houses, in the County Durham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 44.8% inflationary increase is applied to the most recent sale price for 18 OAKWOOD of £278,250 on 11th May 2015. For the value to have increased from £278,250 to £403,039 over the ten years and three months to February 2025, the following assumptions must hold true:

• The value of 18 OAKWOOD has moved in line with the HPI for detached houses in the County Durham local authority area.
• The May 2015 sale price of £278,250 represented a fair market value for the property.
• The size, condition, and specification of 18 OAKWOOD has not materially changed since May 2015.

How Large is 18 OAKWOOD?

18 OAKWOOD is 120m², which includes one extension, according to the EPC inspection conducted in May 2009. This puts it in the largest 50% of detached houses houses in Lanchester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lanchester, and where 18 OAKWOOD lies on this distribution: 59% of detached houses houses are smaller than 18 OAKWOOD, and 41% of houses are larger. Note that EPC data is not available for all properties in Lanchester.

18 OAKWOOD: Plot and Title Map

18 OAKWOOD sits on a plot of roughly 0.138 of an acre, or 560m². The below map shows the location of 18 OAKWOOD, 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 18 OAKWOOD). 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 18 OAKWOOD?

18 OAKWOOD is located in LANCHESTER, in the DH7 postcode district. The below map shows the position of No. 18 on OAKWOOD.