OAKLANDS, THE VILLAGE, ACKLINGTON, MORPETH, NE65 9BN - £325,000

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 small detached house of 119m², built sometime between 1983 and 1990, which could now be worth an estimated £444,941. It was last sold for £325,000 in November 2019, which was around 24% above the average November 2019 detached price in the Northumberland local authority area. The most recent EPC inspection was February 2019, where the current energy rating was C, and the potential energy rating was B.

OAKLANDS Sold Prices

Land registry data shows three sales for OAKLANDS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. Two of the three OAKLANDS sales were for above the average price, whilst one was 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
2019 29 NOV	£325,000	£262,802	24% above HPI
2002 20 DEC	£204,950	£150,525	36% above HPI
1999 27 JUL	£100,000	£101,180	1% 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 three OAKLANDS sales between July 1999 and November 2019 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 2002 sale was for 36% above the HPI. So the extrapolation line tracks at 36% above the HPI over time, until the November 2019 sale, where it falls to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might OAKLANDS be worth now?

OAKLANDS might now be worth an estimated £444,941.

This is based on house price inflation of 36.9%, between November 2019 and February 2025, for detached houses, in the Northumberland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 36.9% inflationary increase is applied to the most recent sale price for OAKLANDS of £325,000 on 29th November 2019. For the value to have increased from £325,000 to £444,941 over the six years and nine 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 Northumberland local authority area.
• The November 2019 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of OAKLANDS has not materially changed since November 2019.

How Large is OAKLANDS?

OAKLANDS is 119m² according to the EPC inspection conducted in February 2019. This puts it in the smallest 40% of detached houses houses in Acklington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Acklington, and where OAKLANDS lies on this distribution: 36% of detached houses houses are smaller than OAKLANDS, and 57% of houses are larger. Note that EPC data is not available for all properties in Acklington.

OAKLANDS: Plot and Title Map

OAKLANDS sits on a plot of roughly 0.290 of an acre, or 1,175m². 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 THE VILLAGE in ACKLINGTON, in the NE65 postcode district. The below map shows the position of OAKLANDS on THE VILLAGE.