OAKBANK, ROKE LANE, WITLEY, GODALMING, GU8 5NS - £840,000

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.

OAKBANK is a very large extended detached house of 191m², built sometime between 1983 and 1990, which could now be worth an estimated £822,416. It was last sold for £840,000 in November 2024, which was around 11% below the average November 2024 detached price in the Waverley local authority area. The most recent EPC inspection was October 2023, where the current energy rating was C, and the potential energy rating was A.

OAKBANK Sold Prices

Land registry data shows two sales for OAKBANK since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Waverley local authority area for the corresponding sale date. Both of the two OAKBANK 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
2024 29 NOV	£840,000	£940,575	11% below HPI
1999 27 AUG	£172,500	£259,921	34% below HPI

OAKBANK Price Paid vs. HPI Average

The below graph shows the average detached house price in the Waverley local authority area over time, sourced from the HPI. The two OAKBANK sales from August 1999 and November 2024 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 August 1999 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the November 2024 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might OAKBANK be worth now?

OAKBANK might now be worth an estimated £822,416.

This is based on house price deflation of 2.1%, between November 2024 and February 2025, for detached houses, in the Waverley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.1% deflationary decrease is applied to the most recent sale price for OAKBANK of £840,000 on 29th November 2024. For the value to have decreased from £840,000 to £822,416 over the one year and nine months to February 2025, the following assumptions must hold true:

• The value of OAKBANK has moved in line with the HPI for detached houses in the Waverley local authority area.
• The November 2024 sale price of £840,000 represented a fair market value for the property.
• The size, condition, and specification of OAKBANK has not materially changed since November 2024.

How Large is OAKBANK?

OAKBANK is 191m², which includes one extension, according to the EPC inspection conducted in October 2023. This puts it in the largest 20% of detached houses houses in Witley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Witley, and where OAKBANK lies on this distribution: 82% of detached houses houses are smaller than OAKBANK, and 18% of houses are larger. Note that EPC data is not available for all properties in Witley.

OAKBANK: Plot and Title Map

OAKBANK sits on a plot of roughly 0.240 of an acre, or 972m². The below map shows the location of OAKBANK, 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 OAKBANK). 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 OAKBANK?

OAKBANK is located on ROKE LANE in WITLEY, in the GU8 postcode district. The below map shows the position of OAKBANK on ROKE LANE.