2, OAKWOOD, LANCHESTER, DURHAM, DH7 0NP - £280,000

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

2 OAKWOOD is a midsized extended detached house of 104m², built sometime from 2007 onwards. It was last sold for £280,000 in October 2020, which was around 60% above the average October 2020 detached price in the County Durham local authority area. The most recent EPC inspection was August 2020, where the current energy rating was C, and the potential energy rating was B.

2 OAKWOOD Sold Prices

Land registry data shows four sales for 2 OAKWOOD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the County Durham local authority area for the corresponding sale date. All of the four 2 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
2020 30 OCT	£280,000	£175,528	60% above HPI
2011 29 JUL	£217,500	£166,561	31% above HPI
2005 29 JUL	£240,000	£168,402	43% above HPI
2001 17 DEC	£125,000	£86,165	45% above HPI

2 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 four 2 OAKWOOD sales between December 2001 and October 2020 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 July 2011 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the October 2020 sale, where it rises to 60% above the HPI. The line then continues to track at 60% above the HPI.

How Large is 2 OAKWOOD?

2 OAKWOOD is 104m², which includes one extension, according to the EPC inspection conducted in August 2020. This puts it in the smallest 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 2 OAKWOOD lies on this distribution: 41% of detached houses are smaller than 2 OAKWOOD, and 58% of houses are larger. Note that EPC data is not available for all properties in Lanchester.

2 OAKWOOD: Plot and Title Map

2 OAKWOOD sits on a plot of roughly 0.070 of an acre, or 283m². The below map shows the location of 2 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 2 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 2 OAKWOOD?

2 OAKWOOD is located in LANCHESTER, in the DH7 postcode district. The below map shows the position of No. 2 on OAKWOOD.