49, OAKFIELD WAY, SEGHILL, CRAMLINGTON, NE23 7HQ - £199,950

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

49 OAKFIELD WAY is a very small detached house of 79m², built sometime between 1991 and 1995. It was last sold for £199,950 in March 2023, which was around 37% below the average March 2023 detached price in the Northumberland local authority area. The most recent EPC inspection was January 2020, where the current energy rating was D, and the potential energy rating was B.

49 OAKFIELD WAY Sold Prices

Land registry data shows four sales for 49 OAKFIELD WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. All of the four 49 OAKFIELD WAY 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
2023 30 MAR	£199,950	£315,492	37% below HPI
2007 19 JAN	£163,500	£246,232	34% below HPI
1998 28 AUG	£56,250	£91,792	39% below HPI
1996 18 OCT	£52,000	£84,285	38% below HPI

49 OAKFIELD WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Northumberland local authority area over time, sourced from the HPI. The four 49 OAKFIELD WAY sales between October 1996 and March 2023 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 January 2007 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the March 2023 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 49 OAKFIELD WAY?

49 OAKFIELD WAY is 79m² according to the EPC inspection conducted in January 2020. This puts it in the smallest 20% of detached houses in Seghill, based on EPC data. The below chart shows the distribution of detached houses by size in Seghill, and where 49 OAKFIELD WAY lies on this distribution: 19% of detached houses are smaller than 49 OAKFIELD WAY, and 81% of houses are larger. Note that EPC data is not available for all properties in Seghill.

49 OAKFIELD WAY: Plot and Title Map

49 OAKFIELD WAY sits on a plot of roughly 0.048 of an acre, or 194m². The below map shows the location of 49 OAKFIELD WAY, 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 49 OAKFIELD WAY). 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 49 OAKFIELD WAY?

49 OAKFIELD WAY is located in SEGHILL, in the NE23 postcode district. The below map shows the position of No. 49 on OAKFIELD WAY.