7, THE OAKLANDS, COLLINGHAM, NEWARK, NG23 7RG - £335,000

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 THE OAKLANDS is a large extended detached house of 132m², built sometime between 1976 and 1982, which could now be worth an estimated £372,243. It was last sold for £335,000 in October 2021, which was around 6% above the average October 2021 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was July 2021, where the current energy rating was C, and the potential energy rating was B.

7 THE OAKLANDS Sold Prices

Land registry data shows two sales for 7 THE OAKLANDS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. One of the two 7 THE OAKLANDS sales was for above the average price, whilst the other was 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
2021 29 OCT	£335,000	£316,776	6% above HPI
2011 21 DEC	£187,000	£215,666	13% below HPI

7 THE OAKLANDS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Newark and Sherwood local authority area over time, sourced from the HPI. The two 7 THE OAKLANDS sales from December 2011 and October 2021 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 December 2011 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the October 2021 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 7 THE OAKLANDS be worth now?

7 THE OAKLANDS might now be worth an estimated £372,243.

This is based on house price inflation of 11.1%, between October 2021 and February 2025, for detached houses, in the Newark and Sherwood local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 11.1% inflationary increase is applied to the most recent sale price for 7 THE OAKLANDS of £335,000 on 29th October 2021. For the value to have increased from £335,000 to £372,243 over the four years and eight months to February 2025, the following assumptions must hold true:

• The value of 7 THE OAKLANDS has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The October 2021 sale price of £335,000 represented a fair market value for the property.
• The size, condition, and specification of 7 THE OAKLANDS has not materially changed since October 2021.

How Large is 7 THE OAKLANDS?

7 THE OAKLANDS is 132m², which includes one extension, according to the EPC inspection conducted in July 2021. This puts it in the largest 40% of detached houses houses in Collingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Collingham, and where 7 THE OAKLANDS lies on this distribution: 67% of detached houses houses are smaller than 7 THE OAKLANDS, and 33% of houses are larger. Note that EPC data is not available for all properties in Collingham.

7 THE OAKLANDS: Plot and Title Map

7 THE OAKLANDS sits on a plot of roughly 18.3 acres, or 73,880m². The below map shows the location of 7 THE OAKLANDS, 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 THE OAKLANDS). 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 THE OAKLANDS?

7 THE OAKLANDS is located in COLLINGHAM, in the NG23 postcode district. The below map shows the position of No. 7 on THE OAKLANDS.