3, OAK DRIVE, EASTWOOD, NOTTINGHAM, NG16 3BW - £225,000

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

3 OAK DRIVE is a very small extended detached house of 54m², built sometime between 1967 and 1975. It was last sold for £225,000 in June 2021, which was around 24% below the average June 2021 detached price in the Broxtowe local authority area. The most recent EPC inspection was August 2015, where the current energy rating was E, and the potential energy rating was B.

3 OAK DRIVE Sold Prices

Land registry data shows five sales for 3 OAK DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Broxtowe local authority area for the corresponding sale date. All of the five 3 OAK DRIVE sales were 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
2021 29 JUN	£225,000	£296,178	24% below HPI
2015 7 DEC	£181,000	£219,760	18% below HPI
2006 22 MAY	£162,250	£196,323	17% below HPI
1997 6 JUN	£58,500	£72,777	20% below HPI
1997 2 MAY	£54,000	£71,803	25% below HPI

3 OAK DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Broxtowe local authority area over time, sourced from the HPI. The five 3 OAK DRIVE sales between May 1997 and June 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 December 2015 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the June 2021 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 3 OAK DRIVE?

3 OAK DRIVE is 54m², which includes one extension, according to the EPC inspection conducted in August 2015. This puts it in the smallest 10% of detached houses in Eastwood, based on EPC data. The below chart shows the distribution of detached houses by size in Eastwood, and where 3 OAK DRIVE lies on this distribution: 3% of detached houses are smaller than 3 OAK DRIVE, and 97% of houses are larger. Note that EPC data is not available for all properties in Eastwood.

3 OAK DRIVE: Plot and Title Map

3 OAK DRIVE sits on a plot of roughly 0.096 of an acre, or 388m². The below map shows the location of 3 OAK DRIVE, 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 3 OAK DRIVE). 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 3 OAK DRIVE?

3 OAK DRIVE is located in EASTWOOD, in the NG16 postcode district. The below map shows the position of No. 3 on OAK DRIVE.