OAKLANDS, SOUTH VIEW, SPENNYMOOR, DL16 7DF - £450,000

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.

OAKLANDS is a very large detached house of 174m², which could now be worth an estimated £561,475. It was last sold for £450,000 in January 2021, which was around 138% above the average January 2021 detached price in the County Durham local authority area. The most recent EPC inspection was December 2011, where the current energy rating was B, 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 County Durham local authority area for the corresponding sale date. Both of the two OAKLANDS 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
2021 8 JAN	£450,000	£189,276	138% above HPI
2019 29 MAY	£395,000	£174,316	127% above HPI

OAKLANDS Price Paid vs. HPI Average

The below graph shows the average detached house price in the County Durham local authority area over time, sourced from the HPI. The two OAKLANDS sales from May 2019 and January 2021 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 2019 sale was for 127% above the HPI. So the extrapolation line tracks at 127% above the HPI over time, until the January 2021 sale, where it rises to 138% above the HPI. The line then continues to track at 138% above the HPI.

What might OAKLANDS be worth now?

OAKLANDS might now be worth an estimated £561,475.

This is based on house price inflation of 24.8%, between January 2021 and February 2025, for detached houses, in the County Durham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 24.8% inflationary increase is applied to the most recent sale price for OAKLANDS of £450,000 on 8th January 2021. For the value to have increased from £450,000 to £561,475 over the three years and eleven months to February 2025, the following assumptions must hold true:

• The value of OAKLANDS has moved in line with the HPI for detached houses in the County Durham local authority area.
• The January 2021 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of OAKLANDS has not materially changed since January 2021.

How Large is OAKLANDS?

OAKLANDS is 174m² according to the EPC inspection conducted in December 2011. This puts it in the largest 10% of detached houses houses in Spennymoor, based on EPC data. The below chart shows the distribution of detached houses houses by size in Spennymoor, and where OAKLANDS lies on this distribution: 95% of detached houses houses are smaller than OAKLANDS, and 5% of houses are larger. Note that EPC data is not available for all properties in Spennymoor.

OAKLANDS: Plot and Title Map

OAKLANDS sits on a plot of roughly 0.269 of an acre, or 1,089m². 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 SOUTH VIEW in SPENNYMOOR, in the DL16 postcode district. The below map shows the position of OAKLANDS on SOUTH VIEW.