OAKLEA, MELBOURNE, YORK, YO42 4QE - £250,000

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.

OAKLEA is a large detached house of 166m², built sometime between 1950 and 1966, which could now be worth an estimated £367,371. It was last sold for £250,000 in February 2016, which was around 8% above the average February 2016 detached price in the East Riding of Yorkshire local authority area. The most recent EPC inspection was October 2013, where the current energy rating was F, and the potential energy rating was E.

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 East Riding of Yorkshire local authority area for the corresponding sale date. All of the three OAKLEA 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
2016 12 FEB	£250,000	£232,164	8% above HPI
2006 30 NOV	£265,000	£218,762	21% above HPI
2002 22 FEB	£160,000	£104,716	53% above HPI

OAKLEA Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Riding of Yorkshire local authority area over time, sourced from the HPI. The three OAKLEA sales between February 2002 and February 2016 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 November 2006 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the February 2016 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might OAKLEA be worth now?

OAKLEA might now be worth an estimated £367,371.

This is based on house price inflation of 46.9%, between February 2016 and February 2025, for detached houses, in the East Riding of Yorkshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 46.9% inflationary increase is applied to the most recent sale price for OAKLEA of £250,000 on 12th February 2016. For the value to have increased from £250,000 to £367,371 over the nine years to February 2025, the following assumptions must hold true:

• The value of OAKLEA has moved in line with the HPI for detached houses in the East Riding of Yorkshire local authority area.
• The February 2016 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of OAKLEA has not materially changed since February 2016.

How Large is OAKLEA?

OAKLEA is 166m² according to the EPC inspection conducted in October 2013. This puts it in the largest 40% of detached houses houses in Melbourne, based on EPC data. The below chart shows the distribution of detached houses houses by size in Melbourne, and where OAKLEA lies on this distribution: 62% of detached houses houses are smaller than OAKLEA, and 38% of houses are larger. Note that EPC data is not available for all properties in Melbourne.

OAKLEA: Plot and Title Map

OAKLEA sits on a plot of roughly 0.157 of an acre, or 637m². 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 in MELBOURNE, in the YO42 postcode district. The below map shows the position of OAKLEA in MELBOURNE.