8, OATLANDS WAY, DURHAM, DH1 5GL - £274,000

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 OATLANDS WAY is a midsized detached house of 131m², built sometime between 1976 and 1982, which could now be worth an estimated £492,134. It was last sold for £274,000 in January 2004, which was around 110% above the average January 2004 detached price in the County Durham local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was B.

8 OATLANDS WAY Sold Prices

Land registry data shows two sales for 8 OATLANDS 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 County Durham local authority area for the corresponding sale date. Both of the two 8 OATLANDS WAY sales were for above 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
2004 9 JAN	£274,000	£130,605	110% above HPI
1996 28 NOV	£135,000	£71,036	90% above HPI

8 OATLANDS WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the County Durham local authority area over time, sourced from the HPI. The two 8 OATLANDS WAY sales from November 1996 and January 2004 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 1996 sale was for 90% above the HPI. So the extrapolation line tracks at 90% above the HPI over time, until the January 2004 sale, where it rises to 110% above the HPI. The line then continues to track at 110% above the HPI.

What might 8 OATLANDS WAY be worth now?

8 OATLANDS WAY might now be worth an estimated £492,134.

This is based on house price inflation of 79.6%, between January 2004 and December 2024, for detached houses, in the County Durham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 79.6% inflationary increase is applied to the most recent sale price for 8 OATLANDS WAY of £274,000 on 9th January 2004. For the value to have increased from £274,000 to £492,134 over the nineteen years and one month to December 2024, the following assumptions must hold true:

• The value of 8 OATLANDS WAY has moved in line with the HPI for detached houses in the County Durham local authority area.
• The January 2004 sale price of £274,000 represented a fair market value for the property.
• The size, condition, and specification of 8 OATLANDS WAY has not materially changed since January 2004.

How Large is 8 OATLANDS WAY?

8 OATLANDS WAY is 131m² according to the EPC inspection conducted in June 2014. This puts it in the largest 50% of detached houses houses in Durham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Durham, and where 8 OATLANDS WAY lies on this distribution: 52% of detached houses houses are smaller than 8 OATLANDS WAY, and 47% of houses are larger. Note that EPC data is not available for all properties in Durham.

8 OATLANDS WAY: Plot and Title Map

8 OATLANDS WAY sits on a plot of roughly 0.115 of an acre, or 464m². The below map shows the location of 8 OATLANDS 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 8 OATLANDS 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 8 OATLANDS WAY?

8 OATLANDS WAY is located in DURHAM, in the DH1 postcode district. The below map shows the position of No. 8 on OATLANDS WAY.