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

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

30 OAKWOOD is a very small detached house of 74m², built sometime between 1976 and 1982. It was last sold for £225,000 in October 2019, which was around 31% 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	£171,397	31% above HPI
2016 26 FEB	£200,000	£160,165	25% above HPI
2000 16 AUG	£99,500	£82,814	20% 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 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the October 2019 sale, where it rises to 31% above the HPI. The line then continues to track at 31% above the HPI.

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 in Lanchester, based on EPC data. The below chart shows the distribution of detached houses by size in Lanchester, and where 30 OAKWOOD lies on this distribution: 8% of detached 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 0.079 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.