OAKLEA, THE AVENUE, DURHAM, DH1 4DX - £605,000

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 280m², built sometime between 1900 and 1929. It was last sold for £605,000 in August 2018, which was around 257% above the average August 2018 detached price in the County Durham local authority area. The most recent EPC inspection was August 2016, where the current energy rating was F, and the potential energy rating was D.

OAKLEA Sold Prices

Land registry data shows two sales for OAKLEA 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 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
2018 17 AUG	£605,000	£169,680	257% above HPI
2017 31 MAR	£450,000	£160,722	180% above HPI

OAKLEA 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 OAKLEA sales from March 2017 and August 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 March 2017 sale was for 180% above the HPI. So the extrapolation line tracks at 180% above the HPI over time, until the August 2018 sale, where it rises to 257% above the HPI. The line then continues to track at 257% above the HPI.

How Large is OAKLEA?

OAKLEA is 280m², which includes two extensions, according to the EPC inspection conducted in August 2016. This puts it in the largest 10% of detached houses in Durham, based on EPC data. The below chart shows the distribution of detached houses by size in Durham, and where OAKLEA lies on this distribution: 98% of detached houses are smaller than OAKLEA, and 2% of houses are larger. Note that EPC data is not available for all properties in Durham.

OAKLEA: Plot and Title Map

OAKLEA sits on a plot of roughly 0.370 of an acre, or 1,497m². 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 THE AVENUE in DURHAM, in the DH1 postcode district. The below map shows the position of OAKLEA on THE AVENUE.