OAKLEA, HALE ROAD, NECTON, SWAFFHAM, PE37 8EY - £276,000

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

OAKLEA is a very large extended detached house of 132m², built sometime between 2003 and 2006. It was last sold for £276,000 in November 2018, which was around 8% below the average November 2018 detached price in the Breckland local authority area. The most recent EPC inspection was March 2009, where the current energy rating was C, and the potential energy rating was C.

OAKLEA Sold Prices

Land registry data shows three sales for OAKLEA since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. All of the three OAKLEA 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
2018 20 NOV	£276,000	£301,278	8% below HPI
2006 14 DEC	£215,000	£216,429	1% below HPI
2003 18 DEC	£167,500	£176,634	5% below HPI

OAKLEA Price Paid vs. HPI Average

The below graph shows the average detached house price in the Breckland local authority area over time, sourced from the HPI. The three OAKLEA sales between December 2003 and November 2018 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 2006 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the November 2018 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is OAKLEA?

OAKLEA is 132m², which includes one extension, according to the EPC inspection conducted in March 2009. This puts it in the largest 20% of detached houses in Necton, based on EPC data. The below chart shows the distribution of detached houses by size in Necton, and where OAKLEA lies on this distribution: 84% of detached houses are smaller than OAKLEA, and 16% of houses are larger. Note that EPC data is not available for all properties in Necton.

OAKLEA: Plot and Title Map

OAKLEA sits on a plot of roughly 0.089 of an acre, or 360m². The below map shows the location of OAKLEA, 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 OAKLEA). 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 OAKLEA?

OAKLEA is located on HALE ROAD in NECTON, in the PE37 postcode district. The below map shows the position of OAKLEA on HALE ROAD.