OAKFIELD LODGE, BALCOMBE ROAD, CRAWLEY, RH10 7SX - £320,000

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

OAKFIELD LODGE is a very small extended detached house of 55m², built sometime before 1900. It was last sold for £320,000 in June 2023, which was around 49% below the average June 2023 detached price in the Crawley local authority area. The most recent EPC inspection was March 2020, where the current energy rating was D, and the potential energy rating was B.

OAKFIELD LODGE Sold Prices

Land registry data shows three sales for OAKFIELD LODGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Crawley local authority area for the corresponding sale date. All of the three OAKFIELD LODGE 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
2023 16 JUN	£320,000	£630,883	49% below HPI
2004 12 MAY	£198,000	£317,288	38% below HPI
1995 31 MAY	£53,000	£107,866	51% below HPI

OAKFIELD LODGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Crawley local authority area over time, sourced from the HPI. The three OAKFIELD LODGE sales between May 1995 and June 2023 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 May 2004 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the June 2023 sale, where it falls to 49% below the HPI. The line then continues to track at 49% below the HPI.

How Large is OAKFIELD LODGE?

OAKFIELD LODGE is 55m², which includes one extension, according to the EPC inspection conducted in March 2020. This puts it in the smallest 10% of detached houses in Crawley, based on EPC data. The below chart shows the distribution of detached houses by size in Crawley, and where OAKFIELD LODGE lies on this distribution: Less than 1% of detached houses are smaller than OAKFIELD LODGE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Crawley.

OAKFIELD LODGE: Plot and Title Map

OAKFIELD LODGE sits on a plot of roughly 0.070 of an acre, or 284m². The below map shows the location of OAKFIELD LODGE, 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 OAKFIELD LODGE). 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 OAKFIELD LODGE?

OAKFIELD LODGE is located on BALCOMBE ROAD in CRAWLEY, in the RH10 postcode district. The below map shows the position of OAKFIELD LODGE on BALCOMBE ROAD.