57, OAKFIELD WAY, SEGHILL, CRAMLINGTON, NE23 7HQ - £162,500

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

57 OAKFIELD WAY is a very small detached house of 50m², built sometime between 1983 and 1990. It was last sold for £162,500 in May 2013, which was around 29% below the average May 2013 detached price in the Northumberland local authority area. The most recent EPC inspection was March 2013, where the current energy rating was D, and the potential energy rating was B.

57 OAKFIELD WAY Sold Prices

Land registry data shows two sales for 57 OAKFIELD WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. Both of the two 57 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
2013 10 MAY	£162,500	£227,873	29% below HPI
1996 27 SEP	£55,000	£85,697	36% below HPI

57 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 two 57 OAKFIELD WAY sales from September 1996 and May 2013 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 September 1996 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the May 2013 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 57 OAKFIELD WAY?

57 OAKFIELD WAY is 50m² according to the EPC inspection conducted in March 2013. This puts it in the smallest 10% of detached houses in Seghill, based on EPC data. The below chart shows the distribution of detached houses by size in Seghill, and where 57 OAKFIELD WAY lies on this distribution: Less than 1% of detached houses are smaller than 57 OAKFIELD WAY, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Seghill.

57 OAKFIELD WAY: Plot and Title Map

57 OAKFIELD WAY sits on a plot of roughly 0.072 of an acre, or 292m². The below map shows the location of 57 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 57 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 57 OAKFIELD WAY?

57 OAKFIELD WAY is located in SEGHILL, in the NE23 postcode district. The below map shows the position of No. 57 on OAKFIELD WAY.