21, OAKWOOD, LANCHESTER, DURHAM, DH7 0NP - £242,500

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

21 OAKWOOD is a small extended detached house of 103m², built sometime between 1996 and 2002. It was last sold for £242,500 in February 2021, which was around 31% above the average February 2021 detached price in the County Durham local authority area. The most recent EPC inspection was July 2014, where the current energy rating was C, and the potential energy rating was B.

21 OAKWOOD Sold Prices

Land registry data shows three sales for 21 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 21 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
2021 18 FEB	£242,500	£184,914	31% above HPI
2016 28 OCT	£235,000	£164,431	43% above HPI
2001 6 JUN	£110,000	£81,054	36% above HPI

21 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 21 OAKWOOD sales between June 2001 and February 2021 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 October 2016 sale was for 43% above the HPI. So the extrapolation line tracks at 43% above the HPI over time, until the February 2021 sale, where it falls to 31% above the HPI. The line then continues to track at 31% above the HPI.

How Large is 21 OAKWOOD?

21 OAKWOOD is 103m², which includes one extension, according to the EPC inspection conducted in July 2014. This puts it in the smallest 40% of detached houses in Lanchester, based on EPC data. The below chart shows the distribution of detached houses by size in Lanchester, and where 21 OAKWOOD lies on this distribution: 39% of detached houses are smaller than 21 OAKWOOD, and 60% of houses are larger. Note that EPC data is not available for all properties in Lanchester.

21 OAKWOOD: Plot and Title Map

21 OAKWOOD sits on a plot of roughly 0.056 of an acre, or 228m². The below map shows the location of 21 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 21 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 21 OAKWOOD?

21 OAKWOOD is located in LANCHESTER, in the DH7 postcode district. The below map shows the position of No. 21 on OAKWOOD.