OAKLEA, SCHOOL LANE, HEAGE, BELPER, DE56 2AL - £425,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

OAKLEA is a large extended detached house of 137m², built sometime between 1950 and 1966. It was last sold for £425,000 in February 2021, which was around 50% above the average February 2021 detached price in the Amber Valley local authority area. The most recent EPC inspection was January 2015, where the current energy rating was C, and the potential energy rating was B.

OAKLEA Sold Prices

Land registry data shows four sales for OAKLEA since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Amber Valley local authority area for the corresponding sale date. All of the four 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
2021 19 FEB	£425,000	£284,150	50% above HPI
2015 31 JUL	£350,000	£213,533	64% above HPI
2010 5 JAN	£250,000	£183,348	36% above HPI
2007 26 OCT	£230,000	£213,411	8% above HPI

OAKLEA Price Paid vs. HPI Average

The below graph shows the average detached house price in the Amber Valley local authority area over time, sourced from the HPI. The four OAKLEA sales between October 2007 and February 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 July 2015 sale was for 64% above the HPI. So the extrapolation line tracks at 64% above the HPI over time, until the February 2021 sale, where it falls to 50% above the HPI. The line then continues to track at 50% above the HPI.

How Large is OAKLEA?

OAKLEA is 137m², which includes one extension, according to the EPC inspection conducted in January 2015. This puts it in the largest 30% of detached houses in Heage, based on EPC data. The below chart shows the distribution of detached houses by size in Heage, and where OAKLEA lies on this distribution: 74% of detached houses are smaller than OAKLEA, and 26% of houses are larger. Note that EPC data is not available for all properties in Heage.

OAKLEA: Plot and Title Map

OAKLEA sits on a plot of roughly 0.129 of an acre, or 522m². 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 SCHOOL LANE in HEAGE, in the DE56 postcode district. The below map shows the position of OAKLEA on SCHOOL LANE.