8, OAK CLOSE, FOUR CROSSES, LLANYMYNECH, SY22 6NL - £191,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

8 OAK CLOSE is a very small detached house of 72m², built sometime between 1991 and 1995, which could now be worth an estimated £231,353. It was last sold for £191,000 in November 2020, which was around 29% below the average November 2020 detached price in the Powys local authority area. The most recent EPC inspection was March 2017, where the current energy rating was E, and the potential energy rating was B.

8 OAK CLOSE Sold Prices

Land registry data shows three sales for 8 OAK CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Powys local authority area for the corresponding sale date. All of the three 8 OAK CLOSE 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 17 NOV	£191,000	£267,248	29% below HPI
2017 19 DEC	£182,000	£240,575	24% below HPI
1995 23 OCT	£63,000	£65,827	4% below HPI

8 OAK CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Powys local authority area over time, sourced from the HPI. The three 8 OAK CLOSE sales between October 1995 and November 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 December 2017 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the November 2020 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 8 OAK CLOSE be worth now?

8 OAK CLOSE might now be worth an estimated £231,353.

This is based on house price inflation of 21.1%, between November 2020 and February 2025, for detached houses, in the Powys local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 21.1% inflationary increase is applied to the most recent sale price for 8 OAK CLOSE of £191,000 on 17th November 2020. For the value to have increased from £191,000 to £231,353 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of 8 OAK CLOSE has moved in line with the HPI for detached houses in the Powys local authority area.
• The November 2020 sale price of £191,000 represented a fair market value for the property.
• The size, condition, and specification of 8 OAK CLOSE has not materially changed since November 2020.

How Large is 8 OAK CLOSE?

8 OAK CLOSE is 72m² according to the EPC inspection conducted in March 2017. This puts it in the smallest 10% of detached houses houses in Four Crosses, based on EPC data. The below chart shows the distribution of detached houses houses by size in Four Crosses, and where 8 OAK CLOSE lies on this distribution: 7% of detached houses houses are smaller than 8 OAK CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Four Crosses.

8 OAK CLOSE: Plot and Title Map

8 OAK CLOSE sits on a plot of roughly 0.105 of an acre, or 424m². The below map shows the location of 8 OAK CLOSE, 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 8 OAK CLOSE). 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 8 OAK CLOSE?

8 OAK CLOSE is located in FOUR CROSSES, in the SY22 postcode district. The below map shows the position of No. 8 on OAK CLOSE.