8, THE OAKS, WEST CORNFORTH, FERRYHILL, DL17 9JT - £149,950

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

8 THE OAKS is a small detached house of 104m², built sometime between 1996 and 2002. It was last sold for £149,950 in February 2020, which was around 10% below the average February 2020 detached price in the County Durham local authority area. The most recent EPC inspection was July 2012, where the current energy rating was D, and the potential energy rating was C.

8 THE OAKS Sold Prices

Land registry data shows two sales for 8 THE OAKS 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 THE OAKS 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 7 FEB	£149,950	£166,229	10% below HPI
2002 29 NOV	£58,950	£100,325	41% below HPI

8 THE OAKS 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 THE OAKS sales from November 2002 and February 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 November 2002 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the February 2020 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 8 THE OAKS?

8 THE OAKS is 104m² according to the EPC inspection conducted in July 2012. This puts it in the smallest 40% of detached houses in Cornforth, based on EPC data. The below chart shows the distribution of detached houses by size in Cornforth, and where 8 THE OAKS lies on this distribution: 39% of detached houses are smaller than 8 THE OAKS, and 60% of houses are larger. Note that EPC data is not available for all properties in Cornforth.

8 THE OAKS: Plot and Title Map

8 THE OAKS sits on a plot of roughly 0.084 of an acre, or 340m². The below map shows the location of 8 THE OAKS, 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 THE OAKS). 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 THE OAKS?

8 THE OAKS is located in WEST CORNFORTH, in the DL17 postcode district. The below map shows the position of No. 8 on THE OAKS.