38, OAKWELL COURT, HAMSTERLEY COLLIERY, NEWCASTLE UPON TYNE, NE17 7BD - £187,500

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.

38 OAKWELL COURT is a very small extended detached house of 95m², built sometime between 2003 and 2006, which could now be worth an estimated £266,083. It was last sold for £187,500 in February 2019, which was around 13% above the average February 2019 detached price in the County Durham local authority area. The most recent EPC inspection was May 2018, where the current energy rating was C, and the potential energy rating was B.

38 OAKWELL COURT Sold Prices

Land registry data shows three sales for 38 OAKWELL COURT 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. One of the three 38 OAKWELL COURT sales was for above the average price, whilst two 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
2019 15 FEB	£187,500	£166,417	13% above HPI
2006 13 OCT	£176,000	£188,045	6% below HPI
2002 26 JUL	£90,995	£96,094	5% below HPI

38 OAKWELL COURT 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 38 OAKWELL COURT sales between July 2002 and February 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 October 2006 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the February 2019 sale, where it rises to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might 38 OAKWELL COURT be worth now?

38 OAKWELL COURT might now be worth an estimated £266,083.

This is based on house price inflation of 41.9%, between February 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 41.9% inflationary increase is applied to the most recent sale price for 38 OAKWELL COURT of £187,500 on 15th February 2019. For the value to have increased from £187,500 to £266,083 over the six years to February 2025, the following assumptions must hold true:

• The value of 38 OAKWELL COURT has moved in line with the HPI for detached houses in the County Durham local authority area.
• The February 2019 sale price of £187,500 represented a fair market value for the property.
• The size, condition, and specification of 38 OAKWELL COURT has not materially changed since February 2019.

How Large is 38 OAKWELL COURT?

38 OAKWELL COURT is 95m², which includes one extension, according to the EPC inspection conducted in May 2018. This puts it in the smallest 20% of detached houses houses in Hamsterley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hamsterley, and where 38 OAKWELL COURT lies on this distribution: 19% of detached houses houses are smaller than 38 OAKWELL COURT, and 78% of houses are larger. Note that EPC data is not available for all properties in Hamsterley.

38 OAKWELL COURT: Plot and Title Map

38 OAKWELL COURT sits on a plot of roughly 0.061 of an acre, or 248m². The below map shows the location of 38 OAKWELL COURT, 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 38 OAKWELL COURT). 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 38 OAKWELL COURT?

38 OAKWELL COURT is located in HAMSTERLEY COLLIERY, in the NE17 postcode district. The below map shows the position of No. 38 on OAKWELL COURT.