3, THE OAKS, WEST CORNFORTH, FERRYHILL, DL17 9JT - £106,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

3 THE OAKS is a very small extended detached house of 90m², built sometime between 1996 and 2002, which could now be worth an estimated £196,730. It was last sold for £106,500 in November 2003, which was around 16% below the average November 2003 detached price in the County Durham local authority area. The most recent EPC inspection was January 2014, where the current energy rating was D, and the potential energy rating was B.

3 THE OAKS Sold Prices

Land registry data shows two sales for 3 THE OAKS 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. Both of the two 3 THE OAKS 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
2003 17 NOV	£106,500	£126,991	16% below HPI
2002 15 NOV	£49,950	£103,128	52% below HPI

3 THE OAKS 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 THE OAKS sales from November 2002 and November 2003 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 November 2002 sale was for 52% below the HPI. So the extrapolation line tracks at 52% below the HPI over time, until the November 2003 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 3 THE OAKS be worth now?

3 THE OAKS might now be worth an estimated £196,730.

This is based on house price inflation of 84.7%, between November 2003 and December 2024, 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 84.7% inflationary increase is applied to the most recent sale price for 3 THE OAKS of £106,500 on 17th November 2003. For the value to have increased from £106,500 to £196,730 over the twenty years and eleven months to December 2024, the following assumptions must hold true:

• The value of 3 THE OAKS has moved in line with the HPI for detached houses in the County Durham local authority area.
• The November 2003 sale price of £106,500 represented a fair market value for the property.
• The size, condition, and specification of 3 THE OAKS has not materially changed since November 2003.

How Large is 3 THE OAKS?

3 THE OAKS is 90m², which includes one extension, according to the EPC inspection conducted in January 2014. This puts it in the smallest 20% of detached houses houses in Cornforth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cornforth, and where 3 THE OAKS lies on this distribution: 15% of detached houses houses are smaller than 3 THE OAKS, and 84% of houses are larger. Note that EPC data is not available for all properties in Cornforth.

3 THE OAKS: Plot and Title Map

3 THE OAKS sits on a plot of roughly 0.070 of an acre, or 284m². The below map shows the location of 3 THE OAKS, 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 THE OAKS). 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 THE OAKS?

3 THE OAKS is located in WEST CORNFORTH, in the DL17 postcode district. The below map shows the position of No. 3 on THE OAKS.