OAKLANDS, FOREST WAY, SEGHILL, CRAMLINGTON, NE23 7HF - £315,000

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

OAKLANDS is a very large detached house of 138m², built sometime between 1983 and 1990. It was last sold for £315,000 in October 2022, which was around 4% below the average October 2022 detached price in the Northumberland local authority area. The most recent EPC inspection was May 2022, where the current energy rating was C, and the potential energy rating was B.

OAKLANDS Sold Prices

Land registry data shows two sales for OAKLANDS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. One of the two OAKLANDS sales was for below the average price, whilst the other was 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 10 OCT	£315,000	£327,541	4% below HPI
2004 20 AUG	£232,000	£211,589	10% above HPI

OAKLANDS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Northumberland local authority area over time, sourced from the HPI. The two OAKLANDS sales from August 2004 and October 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 August 2004 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the October 2022 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is OAKLANDS?

OAKLANDS is 138m² according to the EPC inspection conducted in May 2022. This puts it in the largest 20% of detached houses in Seghill, based on EPC data. The below chart shows the distribution of detached houses by size in Seghill, and where OAKLANDS lies on this distribution: 82% of detached houses are smaller than OAKLANDS, and 18% of houses are larger. Note that EPC data is not available for all properties in Seghill.

OAKLANDS: Plot and Title Map

OAKLANDS sits on a plot of roughly 0.197 of an acre, or 799m². The below map shows the location of OAKLANDS, 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 OAKLANDS). 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 OAKLANDS?

OAKLANDS is located on FOREST WAY in SEGHILL, in the NE23 postcode district. The below map shows the position of OAKLANDS on FOREST WAY.