2, OAKWELL CLOSE, SCUNTHORPE, DN16 3FD - £105,500

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 OAKWELL CLOSE is a very small semi-detached house of 55m², built sometime between 2003 and 2006. It was last sold for £105,500 in August 2018, which was around 16% below the average August 2018 semi-detached price in the North Lincolnshire local authority area. The most recent EPC inspection was November 2013, where the current energy rating was C, and the potential energy rating was B.

2 OAKWELL CLOSE Sold Prices

Land registry data shows four sales for 2 OAKWELL CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the North Lincolnshire local authority area for the corresponding sale date. The four 2 OAKWELL CLOSE sales were a mix of below the average price, and roughly equal to 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
2018 24 AUG	£105,500	£125,180	16% below HPI
2015 7 AUG	£93,500	£107,402	13% below HPI
2014 29 AUG	£87,000	£103,406	16% below HPI
2005 11 MAR	£96,995	£97,321	Close to HPI

2 OAKWELL CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the North Lincolnshire local authority area over time, sourced from the HPI. The four 2 OAKWELL CLOSE sales between March 2005 and August 2018 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 2015 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the August 2018 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 2 OAKWELL CLOSE be worth now?

2 OAKWELL CLOSE might now be worth an estimated £133,954.

This is based on house price inflation of 27%, between August 2018 and December 2024, for semi-detached houses, in the North Lincolnshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 27% inflationary increase is applied to the most recent sale price for 2 OAKWELL CLOSE of £105,500 on 24th August 2018. For the value to have increased from £105,500 to £133,954 over the five years and eight months to December 2024, the following assumptions must hold true:

• The value of 2 OAKWELL CLOSE has moved in line with the HPI for semi-detached houses in the North Lincolnshire local authority area.
• The August 2018 sale price of £105,500 represented a fair market value for the property.
• The size, condition, and specification of 2 OAKWELL CLOSE has not materially changed since August 2018.

How Large is 2 OAKWELL CLOSE?

2 OAKWELL CLOSE is 55m² according to the EPC inspection conducted in November 2013. This puts it in the smallest 10% of semi-detached houses houses in Scunthorpe, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Scunthorpe, and where 2 OAKWELL CLOSE lies on this distribution: 1% of semi-detached houses houses are smaller than 2 OAKWELL CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Scunthorpe.

2 OAKWELL CLOSE: Plot and Title Map

2 OAKWELL CLOSE sits on a plot of roughly 0.038 of an acre, or 155m². The below map shows the location of 2 OAKWELL CLOSE, 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 OAKWELL CLOSE). 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 OAKWELL CLOSE?

2 OAKWELL CLOSE is located in SCUNTHORPE, in the DN16 postcode district. The below map shows the position of No. 2 on OAKWELL CLOSE.