3, OAK PIECE, WELWYN, AL6 0XE - £495,000

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 PIECE is a very small extended detached house of 66m², built sometime between 1976 and 1982. It was last sold for £495,000 in February 2021, which was around 41% below the average February 2021 detached price in the Welwyn Hatfield local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was A.

3 OAK PIECE Sold Prices

Land registry data shows three sales for 3 OAK PIECE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Welwyn Hatfield local authority area for the corresponding sale date. All of the three 3 OAK PIECE 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 12 FEB	£495,000	£841,447	41% below HPI
2018 1 FEB	£355,000	£814,084	56% below HPI
1999 11 JUN	£134,000	£237,751	44% below HPI

3 OAK PIECE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Welwyn Hatfield local authority area over time, sourced from the HPI. The three 3 OAK PIECE sales between June 1999 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 February 2018 sale was for 56% below the HPI. So the extrapolation line tracks at 56% below the HPI over time, until the February 2021 sale, where it rises to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is 3 OAK PIECE?

3 OAK PIECE is 66m², which includes one extension, according to the EPC inspection conducted in September 2020. This puts it in the smallest 10% of detached houses in Oaklands, based on EPC data. The below chart shows the distribution of detached houses by size in Oaklands, and where 3 OAK PIECE lies on this distribution: 1% of detached houses are smaller than 3 OAK PIECE, and 99% of houses are larger. Note that EPC data is not available for all properties in Oaklands.

3 OAK PIECE: Plot and Title Map

3 OAK PIECE sits on a plot of roughly 0.069 of an acre, or 279m². The below map shows the location of 3 OAK PIECE, 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 PIECE). 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 PIECE?

3 OAK PIECE is located in WELWYN, in the AL6 postcode district. The below map shows the position of No. 3 on OAK PIECE.