2, OAKFIELDS, BURNOPFIELD, NEWCASTLE UPON TYNE, NE16 6PQ - £129,950

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 OAKFIELDS is a midsized extended detached house of 99m², built sometime between 1976 and 1982, which could now be worth an estimated £324,894. It was last sold for £129,950 in June 2002, which was around 38% above the average June 2002 detached price in the County Durham local authority area. The most recent EPC inspection was June 2011, where the current energy rating was D, and the potential energy rating was C.

2 OAKFIELDS Sold Prices

Land registry data shows two sales for 2 OAKFIELDS 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. One of the two 2 OAKFIELDS sales was for above the average price, whilst the other was 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
2002 7 JUN	£129,950	£93,827	38% above HPI
1996 12 FEB	£50,000	£68,631	27% below HPI

2 OAKFIELDS 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 2 OAKFIELDS sales from February 1996 and June 2002 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 February 1996 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the June 2002 sale, where it rises to 38% above the HPI. The line then continues to track at 38% above the HPI.

What might 2 OAKFIELDS be worth now?

2 OAKFIELDS might now be worth an estimated £324,894.

This is based on house price inflation of 150%, between June 2002 and December 2024, 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 150% inflationary increase is applied to the most recent sale price for 2 OAKFIELDS of £129,950 on 7th June 2002. For the value to have increased from £129,950 to £324,894 over the 21 years and six months to December 2024, the following assumptions must hold true:

• The value of 2 OAKFIELDS has moved in line with the HPI for detached houses in the County Durham local authority area.
• The June 2002 sale price of £129,950 represented a fair market value for the property.
• The size, condition, and specification of 2 OAKFIELDS has not materially changed since June 2002.

How Large is 2 OAKFIELDS?

2 OAKFIELDS is 99m², which includes one extension, according to the EPC inspection conducted in June 2011. This puts it in the smallest 50% of detached houses houses in Burnopfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Burnopfield, and where 2 OAKFIELDS lies on this distribution: 43% of detached houses houses are smaller than 2 OAKFIELDS, and 57% of houses are larger. Note that EPC data is not available for all properties in Burnopfield.

2 OAKFIELDS: Plot and Title Map

2 OAKFIELDS sits on a plot of roughly 0.089 of an acre, or 359m². The below map shows the location of 2 OAKFIELDS, 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 2 OAKFIELDS). 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 2 OAKFIELDS?

2 OAKFIELDS is located in BURNOPFIELD, in the NE16 postcode district. The below map shows the position of No. 2 on OAKFIELDS.