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

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

18 OAKWOOD is a midsized extended detached house of 120m², built sometime between 1983 and 1990. It was last sold for £278,250 in May 2015, which was around 75% 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	£158,611	75% above HPI
2007 8 AUG	£310,000	£190,032	63% above HPI
1997 24 JAN	£108,000	£68,465	58% 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 63% above the HPI. So the extrapolation line tracks at 63% above the HPI over time, until the May 2015 sale, where it rises to 75% above the HPI. The line then continues to track at 75% above the HPI.

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 in Lanchester, based on EPC data. The below chart shows the distribution of detached houses by size in Lanchester, and where 18 OAKWOOD lies on this distribution: 59% of detached 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.