3, OAKLEA CLOSE, ST LEONARDS-ON-SEA, TN37 7HB - £275,000

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.

3 OAKLEA CLOSE is a small detached house of 84m², built sometime between 1967 and 1975, which could now be worth an estimated £378,342. It was last sold for £275,000 in August 2016, which was around 23% below the average August 2016 detached price in the Hastings local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was B.

3 OAKLEA CLOSE Sold Prices

Land registry data shows two sales for 3 OAKLEA CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Hastings local authority area for the corresponding sale date. Both of the two 3 OAKLEA CLOSE 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
2016 1 AUG	£275,000	£355,464	23% below HPI
2006 23 OCT	£210,000	£250,521	16% below HPI

3 OAKLEA CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Hastings local authority area over time, sourced from the HPI. The two 3 OAKLEA CLOSE sales from October 2006 and August 2016 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 2006 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the August 2016 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 3 OAKLEA CLOSE be worth now?

3 OAKLEA CLOSE might now be worth an estimated £378,342.

This is based on house price inflation of 37.6%, between August 2016 and February 2025, for detached houses, in the Hastings local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 37.6% inflationary increase is applied to the most recent sale price for 3 OAKLEA CLOSE of £275,000 on 1st August 2016. For the value to have increased from £275,000 to £378,342 over the nine years and six months to February 2025, the following assumptions must hold true:

• The value of 3 OAKLEA CLOSE has moved in line with the HPI for detached houses in the Hastings local authority area.
• The August 2016 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 3 OAKLEA CLOSE has not materially changed since August 2016.

How Large is 3 OAKLEA CLOSE?

3 OAKLEA CLOSE is 84m² according to the EPC inspection conducted in March 2016. This puts it in the smallest 30% of detached houses houses in Hastings, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hastings, and where 3 OAKLEA CLOSE lies on this distribution: 23% of detached houses houses are smaller than 3 OAKLEA CLOSE, and 76% of houses are larger. Note that EPC data is not available for all properties in Hastings.

3 OAKLEA CLOSE: Plot and Title Map

3 OAKLEA CLOSE sits on a plot of roughly 0.097 of an acre, or 393m². The below map shows the location of 3 OAKLEA CLOSE, 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 OAKLEA CLOSE). 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 OAKLEA CLOSE?

3 OAKLEA CLOSE is located in ST. LEONARDS-ON-SEA, in the TN37 postcode district. The below map shows the position of No. 3 on OAKLEA CLOSE.