1, OAKLEA CLOSE, WELWYN, AL6 0QL - £635,000

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.

1 OAKLEA CLOSE is a large detached house of 188m², built sometime between 1976 and 1982, which could now be worth an estimated £917,504. It was last sold for £635,000 in June 2014, which was around 3% above the average June 2014 detached price in the Welwyn Hatfield local authority area. The most recent EPC inspection was November 2010, where the current energy rating was D, and the potential energy rating was C.

1 OAKLEA CLOSE Sold Prices

Land registry data shows three sales for 1 OAKLEA CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Welwyn Hatfield local authority area for the corresponding sale date. All of the three 1 OAKLEA CLOSE 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
2014 16 JUN	£635,000	£616,170	3% above HPI
2011 9 JUN	£642,500	£555,940	16% above HPI
2007 5 DEC	£610,000	£527,508	16% above HPI

1 OAKLEA CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Welwyn Hatfield local authority area over time, sourced from the HPI. The three 1 OAKLEA CLOSE sales between December 2007 and June 2014 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 June 2011 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the June 2014 sale, where it falls to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might 1 OAKLEA CLOSE be worth now?

1 OAKLEA CLOSE might now be worth an estimated £917,504.

This is based on house price inflation of 44.5%, between June 2014 and June 2025, for detached houses, in the Welwyn Hatfield local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 44.5% inflationary increase is applied to the most recent sale price for 1 OAKLEA CLOSE of £635,000 on 16th June 2014. For the value to have increased from £635,000 to £917,504 over the eleven years to June 2025, the following assumptions must hold true:

• The value of 1 OAKLEA CLOSE has moved in line with the HPI for detached houses in the Welwyn Hatfield local authority area.
• The June 2014 sale price of £635,000 represented a fair market value for the property.
• The size, condition, and specification of 1 OAKLEA CLOSE has not materially changed since June 2014.

How Large is 1 OAKLEA CLOSE?

1 OAKLEA CLOSE is 188m² according to the EPC inspection conducted in November 2010. This puts it in the largest 40% of detached houses houses in Oaklands, based on EPC data. The below chart shows the distribution of detached houses houses by size in Oaklands, and where 1 OAKLEA CLOSE lies on this distribution: 66% of detached houses houses are smaller than 1 OAKLEA CLOSE, and 34% of houses are larger. Note that EPC data is not available for all properties in Oaklands.

1 OAKLEA CLOSE: Plot and Title Map

1 OAKLEA CLOSE sits on a plot of roughly 0.160 of an acre, or 646m². The below map shows the location of 1 OAKLEA CLOSE, 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 1 OAKLEA CLOSE). 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 1 OAKLEA CLOSE?

1 OAKLEA CLOSE is located in WELWYN, in the AL6 postcode district. The below map shows the position of No. 1 on OAKLEA CLOSE.