78, OAKFIELD ROAD, WHICKHAM, NEWCASTLE UPON TYNE, NE16 5JD - £265,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

78 OAKFIELD ROAD is a very small detached house of 59m², built sometime between 1950 and 1966. It was last sold for £265,000 in March 2021, which was around 7% above the average March 2021 detached price in the Gateshead local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was B.

78 OAKFIELD ROAD Sold Prices

Land registry data shows two sales for 78 OAKFIELD ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Gateshead local authority area for the corresponding sale date. One of the two 78 OAKFIELD ROAD 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 10 MAR	£265,000	£248,445	7% above HPI
2019 8 NOV	£177,500	£230,524	23% below HPI

78 OAKFIELD ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Gateshead local authority area over time, sourced from the HPI. The two 78 OAKFIELD ROAD sales from November 2019 and March 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 November 2019 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the March 2021 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

How Large is 78 OAKFIELD ROAD?

78 OAKFIELD ROAD is 59m² according to the EPC inspection conducted in March 2018. This puts it in the smallest 10% of detached houses in Whickham, based on EPC data. The below chart shows the distribution of detached houses by size in Whickham, and where 78 OAKFIELD ROAD lies on this distribution: 1% of detached houses are smaller than 78 OAKFIELD ROAD, and 98% of houses are larger. Note that EPC data is not available for all properties in Whickham.

78 OAKFIELD ROAD: Plot and Title Map

78 OAKFIELD ROAD sits on a plot of roughly 0.769 of an acre, or 3,112m². The below map shows the location of 78 OAKFIELD ROAD, 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 78 OAKFIELD ROAD). 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 78 OAKFIELD ROAD?

78 OAKFIELD ROAD is located in WHICKHAM, in the NE16 postcode district. The below map shows the position of No. 78 on OAKFIELD ROAD.