THE OAKS, RECTORY LANE, STEVENAGE, SG1 4DA - £585,000

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

THE OAKS is a very large detached house of 180m², built sometime between 1983 and 1990. It was last sold for £585,000 in March 2010, which was around 81% above the average March 2010 detached price in the Stevenage local authority area. The most recent EPC inspection was September 2008, where the current energy rating was D, and the potential energy rating was D.

THE OAKS Sold Prices

Land registry data shows two sales for THE OAKS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Stevenage local authority area for the corresponding sale date. Both of the two THE OAKS 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
2010 23 MAR	£585,000	£322,841	81% above HPI
2001 10 AUG	£345,000	£198,442	74% above HPI

THE OAKS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Stevenage local authority area over time, sourced from the HPI. The two THE OAKS sales from August 2001 and March 2010 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 August 2001 sale was for 74% above the HPI. So the extrapolation line tracks at 74% above the HPI over time, until the March 2010 sale, where it rises to 81% above the HPI. The line then continues to track at 81% above the HPI.

How Large is THE OAKS?

THE OAKS is 180m² according to the EPC inspection conducted in September 2008. This puts it in the largest 10% of detached houses in Stevenage, based on EPC data. The below chart shows the distribution of detached houses by size in Stevenage, and where THE OAKS lies on this distribution: 90% of detached houses are smaller than THE OAKS, and 10% of houses are larger. Note that EPC data is not available for all properties in Stevenage.

THE OAKS: Plot and Title Map

THE OAKS sits on a plot of roughly 0.227 of an acre, or 919m². The below map shows the location of THE OAKS, 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 THE OAKS). 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 THE OAKS?

THE OAKS is located on RECTORY LANE in STEVENAGE, in the SG1 postcode district. The below map shows the position of THE OAKS on RECTORY LANE.