30, OAKWOOD, LANCHESTER, DURHAM, DH7 0NP - £225,000

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.

30 OAKWOOD is a very small detached house of 74m², built sometime between 1976 and 1982, which could now be worth an estimated £301,594. It was last sold for £225,000 in October 2019, which was around 28% above the average October 2019 detached price in the County Durham local authority area. The most recent EPC inspection was July 2014, where the current energy rating was C, and the potential energy rating was B.

30 OAKWOOD Sold Prices

Land registry data shows three sales for 30 OAKWOOD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the County Durham local authority area for the corresponding sale date. All of the three 30 OAKWOOD sales were for above 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
2019 8 OCT	£225,000	£176,187	28% above HPI
2016 26 FEB	£200,000	£164,642	21% above HPI
2000 16 AUG	£99,500	£85,128	17% above HPI

30 OAKWOOD 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 three 30 OAKWOOD sales between August 2000 and October 2019 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 2016 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the October 2019 sale, where it rises to 28% above the HPI. The line then continues to track at 28% above the HPI.

What might 30 OAKWOOD be worth now?

30 OAKWOOD might now be worth an estimated £301,594.

This is based on house price inflation of 34%, between October 2019 and February 2025, 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 34% inflationary increase is applied to the most recent sale price for 30 OAKWOOD of £225,000 on 8th October 2019. For the value to have increased from £225,000 to £301,594 over the six years and eight months to February 2025, the following assumptions must hold true:

• The value of 30 OAKWOOD has moved in line with the HPI for detached houses in the County Durham local authority area.
• The October 2019 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 30 OAKWOOD has not materially changed since October 2019.

How Large is 30 OAKWOOD?

30 OAKWOOD is 74m² according to the EPC inspection conducted in July 2014. This puts it in the smallest 10% of detached houses houses in Lanchester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lanchester, and where 30 OAKWOOD lies on this distribution: 7% of detached houses houses are smaller than 30 OAKWOOD, and 92% of houses are larger. Note that EPC data is not available for all properties in Lanchester.

30 OAKWOOD: Plot and Title Map

30 OAKWOOD sits on a plot of roughly 0.080 of an acre, or 322m². The below map shows the location of 30 OAKWOOD, 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 30 OAKWOOD). 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 30 OAKWOOD?

30 OAKWOOD is located in LANCHESTER, in the DH7 postcode district. The below map shows the position of No. 30 on OAKWOOD.