OAKLANDS, LONGHORSLEY, MORPETH, NE65 8UP - £165,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

OAKLANDS is a small detached house of 97m², built sometime between 1950 and 1966. It was last sold for £165,000 in December 2003, which was around 12% below the average December 2003 detached price in the Northumberland local authority area. The most recent EPC inspection was January 2017, where the current energy rating was G, 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. Both of the two OAKLANDS 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
2003 19 DEC	£165,000	£186,774	12% below HPI
1997 19 DEC	£60,000	£86,202	30% below 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 December 1997 and December 2003 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 December 1997 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the December 2003 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is OAKLANDS?

OAKLANDS is 97m² according to the EPC inspection conducted in January 2017. This puts it in the smallest 30% of detached houses in Longhorsley, based on EPC data. The below chart shows the distribution of detached houses by size in Longhorsley, and where OAKLANDS lies on this distribution: 23% of detached houses are smaller than OAKLANDS, and 76% of houses are larger. Note that EPC data is not available for all properties in Longhorsley.

OAKLANDS: Plot and Title Map

OAKLANDS sits on a plot of roughly 0.097 of an acre, or 391m². 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 in LONGHORSLEY, in the NE65 postcode district. The below map shows the position of OAKLANDS in LONGHORSLEY.