OAK LEA, CHAPEL LANE, CHIRK, WREXHAM, LL14 5NF - £370,000

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.

OAK LEA is a very large extended detached house of 141m², built sometime between 1930 and 1949, which could now be worth an estimated £387,801. It was last sold for £370,000 in July 2022, which was around 27% above the average July 2022 detached price in the Wrexham local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was C.

OAK LEA Sold Prices

Land registry data shows two sales for OAK LEA since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Wrexham local authority area for the corresponding sale date. Both of the two OAK LEA 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
2022 6 JUL	£370,000	£292,122	27% above HPI
2015 28 APR	£255,000	£199,711	28% above HPI

OAK LEA Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wrexham local authority area over time, sourced from the HPI. The two OAK LEA sales from April 2015 and July 2022 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 April 2015 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the July 2022 sale, where it falls to 27% above the HPI. The line then continues to track at 27% above the HPI.

What might OAK LEA be worth now?

OAK LEA might now be worth an estimated £387,801.

This is based on house price inflation of 4.8%, between July 2022 and June 2025, for detached houses, in the Wrexham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 4.8% inflationary increase is applied to the most recent sale price for OAK LEA of £370,000 on 6th July 2022. For the value to have increased from £370,000 to £387,801 over the three years and one month to June 2025, the following assumptions must hold true:

• The value of OAK LEA has moved in line with the HPI for detached houses in the Wrexham local authority area.
• The July 2022 sale price of £370,000 represented a fair market value for the property.
• The size, condition, and specification of OAK LEA has not materially changed since July 2022.

How Large is OAK LEA?

OAK LEA is 141m², which includes two extensions, according to the EPC inspection conducted in October 2014. This puts it in the largest 20% of detached houses houses in Chirk, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chirk, and where OAK LEA lies on this distribution: 87% of detached houses houses are smaller than OAK LEA, and 13% of houses are larger. Note that EPC data is not available for all properties in Chirk.

OAK LEA: Plot and Title Map

OAK LEA sits on a plot of roughly 0.261 of an acre, or 1,055m². The below map shows the location of OAK LEA, 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 OAK LEA). 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 OAK LEA?

OAK LEA is located on CHAPEL LANE in CHIRK, in the LL14 postcode district. The below map shows the position of OAK LEA on CHAPEL LANE.