3, OAKFIELDS, BURNOPFIELD, NEWCASTLE UPON TYNE, NE16 6PQ - £220,000

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 OAKFIELDS is a large extended detached house of 115m², built sometime between 1976 and 1982. It was last sold for £220,000 in May 2021, which was around 17% above the average May 2021 detached price in the County Durham local authority area. The most recent EPC inspection was September 2020, where the current energy rating was C, and the potential energy rating was B.

3 OAKFIELDS Sold Prices

Land registry data shows two sales for 3 OAKFIELDS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the County Durham local authority area for the corresponding sale date. One of the two 3 OAKFIELDS sales was for above the average price, whilst the other was 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 28 MAY	£220,000	£187,934	17% above HPI
1998 21 AUG	£72,500	£73,393	1% below HPI

3 OAKFIELDS 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 two 3 OAKFIELDS sales from August 1998 and May 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 August 1998 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the May 2021 sale, where it rises to 17% above the HPI. The line then continues to track at 17% above the HPI.

How Large is 3 OAKFIELDS?

3 OAKFIELDS is 115m², which includes one extension, according to the EPC inspection conducted in September 2020. This puts it in the largest 40% of detached houses in Burnopfield, based on EPC data. The below chart shows the distribution of detached houses by size in Burnopfield, and where 3 OAKFIELDS lies on this distribution: 65% of detached houses are smaller than 3 OAKFIELDS, and 32% of houses are larger. Note that EPC data is not available for all properties in Burnopfield.

3 OAKFIELDS: Plot and Title Map

3 OAKFIELDS sits on a plot of roughly 0.060 of an acre, or 243m². The below map shows the location of 3 OAKFIELDS, 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 OAKFIELDS). 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 OAKFIELDS?

3 OAKFIELDS is located in BURNOPFIELD, in the NE16 postcode district. The below map shows the position of No. 3 on OAKFIELDS.