7, OAK PIECE, WELWYN, AL6 0XE - £435,000

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.

7 OAK PIECE is a very small extended detached house of 93m², built sometime between 1983 and 1990, which could now be worth an estimated £477,413. It was last sold for £435,000 in May 2020, which was around 49% below the average May 2020 detached price in the Welwyn Hatfield local authority area. The most recent EPC inspection was February 2017, where the current energy rating was D, and the potential energy rating was C.

7 OAK PIECE Sold Prices

Land registry data shows five sales for 7 OAK PIECE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Welwyn Hatfield local authority area for the corresponding sale date. All of the five 7 OAK PIECE 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
2020 6 MAY	£435,000	£854,633	49% below HPI
2009 7 AUG	£300,000	£468,316	36% below HPI
2004 19 APR	£299,500	£454,631	34% below HPI
2001 19 JAN	£200,000	£324,643	38% below HPI
1996 25 SEP	£111,000	£172,645	36% below HPI

7 OAK PIECE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Welwyn Hatfield local authority area over time, sourced from the HPI. The five 7 OAK PIECE sales between September 1996 and May 2020 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 August 2009 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the May 2020 sale, where it falls to 49% below the HPI. The line then continues to track at 49% below the HPI.

What might 7 OAK PIECE be worth now?

7 OAK PIECE might now be worth an estimated £477,413.

This is based on house price inflation of 9.8%, between May 2020 and February 2025, for detached houses, in the Welwyn Hatfield local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 9.8% inflationary increase is applied to the most recent sale price for 7 OAK PIECE of £435,000 on 6th May 2020. For the value to have increased from £435,000 to £477,413 over the five years and three months to February 2025, the following assumptions must hold true:

• The value of 7 OAK PIECE has moved in line with the HPI for detached houses in the Welwyn Hatfield local authority area.
• The May 2020 sale price of £435,000 represented a fair market value for the property.
• The size, condition, and specification of 7 OAK PIECE has not materially changed since May 2020.

How Large is 7 OAK PIECE?

7 OAK PIECE is 93m², which includes two extensions, according to the EPC inspection conducted in February 2017. This puts it in the smallest 10% of detached houses houses in Oaklands, based on EPC data. The below chart shows the distribution of detached houses houses by size in Oaklands, and where 7 OAK PIECE lies on this distribution: 7% of detached houses houses are smaller than 7 OAK PIECE, and 92% of houses are larger. Note that EPC data is not available for all properties in Oaklands.

7 OAK PIECE: Plot and Title Map

7 OAK PIECE sits on a plot of roughly 0.084 of an acre, or 339m². The below map shows the location of 7 OAK PIECE, 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 7 OAK PIECE). 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 7 OAK PIECE?

7 OAK PIECE is located in WELWYN, in the AL6 postcode district. The below map shows the position of No. 7 on OAK PIECE.