16, OAK WAY, COVENTRY, CV4 9UH - £175,000

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.

16 OAK WAY is a very small terraced house of 79m², built sometime between 1996 and 2002, which could now be worth an estimated £329,323. It was last sold for £175,000 in May 2011, which was around 61% above the average May 2011 terraced price in the Coventry local authority area. The most recent EPC inspection was May 2010, where the current energy rating was C, and the potential energy rating was C.

16 OAK WAY Sold Prices

Land registry data shows four sales for 16 OAK WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Coventry local authority area for the corresponding sale date. All of the four 16 OAK WAY 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
2011 6 MAY	£175,000	£108,467	61% above HPI
2007 20 JUL	£175,000	£124,655	40% above HPI
2003 21 JAN	£155,000	£74,455	108% above HPI
1997 28 FEB	£69,500	£35,606	95% above HPI

16 OAK WAY Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Coventry local authority area over time, sourced from the HPI. The four 16 OAK WAY sales between February 1997 and May 2011 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 2007 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the May 2011 sale, where it rises to 61% above the HPI. The line then continues to track at 61% above the HPI.

What might 16 OAK WAY be worth now?

16 OAK WAY might now be worth an estimated £329,323.

This is based on house price inflation of 88.2%, between May 2011 and May 2026, for terraced houses, in the Coventry local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 88.2% inflationary increase is applied to the most recent sale price for 16 OAK WAY of £175,000 on 6th May 2011. For the value to have increased from £175,000 to £329,323 over the fifteen years to May 2026, the following assumptions must hold true:

• The value of 16 OAK WAY has moved in line with the HPI for terraced houses in the Coventry local authority area.
• The May 2011 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 16 OAK WAY has not materially changed since May 2011.

How Large is 16 OAK WAY?

16 OAK WAY is 79m² according to the EPC inspection conducted in May 2010. This puts it in the smallest 20% of terraced houses houses in Coventry, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Coventry, and where 16 OAK WAY lies on this distribution: 11% of terraced houses houses are smaller than 16 OAK WAY, and 88% of houses are larger. Note that EPC data is not available for all properties in Coventry.

16 OAK WAY: Plot and Title Map

16 OAK WAY sits on a plot of roughly 0.054 of an acre, or 220m². The below map shows the location of 16 OAK WAY, 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 16 OAK WAY). 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 16 OAK WAY?

16 OAK WAY is located in COVENTRY, in the CV4 postcode district. The below map shows the position of No. 16 on OAK WAY.