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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

21 OAKWOOD is a small extended detached house of 103m², built sometime between 1996 and 2002, which could now be worth an estimated £301,290. It was last sold for £242,500 in February 2021, which was around 28% 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	£190,082	28% above HPI
2016 28 OCT	£235,000	£169,026	39% above HPI
2001 6 JUN	£110,000	£83,320	32% 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 39% above the HPI. So the extrapolation line tracks at 39% above the HPI over time, until the February 2021 sale, where it falls to 28% above the HPI. The line then continues to track at 28% above the HPI.

What might 21 OAKWOOD be worth now?

21 OAKWOOD might now be worth an estimated £301,290.

This is based on house price inflation of 24.2%, between February 2021 and February 2025, 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 24.2% inflationary increase is applied to the most recent sale price for 21 OAKWOOD of £242,500 on 18th February 2021. For the value to have increased from £242,500 to £301,290 over the four years to February 2025, the following assumptions must hold true:

• The value of 21 OAKWOOD has moved in line with the HPI for detached houses in the County Durham local authority area.
• The February 2021 sale price of £242,500 represented a fair market value for the property.
• The size, condition, and specification of 21 OAKWOOD has not materially changed since February 2021.

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 houses in Lanchester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lanchester, and where 21 OAKWOOD lies on this distribution: 39% of detached houses houses are smaller than 21 OAKWOOD, and 61% 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.