2, OAKLANDS, TAVERHAM, NORWICH, NR8 6TY - £325,000

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.

2 OAKLANDS is a midsized detached house of 125m², built sometime between 1983 and 1990, which could now be worth an estimated £443,279. It was last sold for £325,000 in June 2016, which was around 5% above the average June 2016 detached price in the Broadland local authority area. The most recent EPC inspection was May 2011, where the current energy rating was D, and the potential energy rating was C.

2 OAKLANDS Sold Prices

Land registry data shows two sales for 2 OAKLANDS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. One of the two 2 OAKLANDS sales was for above the average price, whilst the other was for below 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
2016 21 JUN	£325,000	£310,743	5% above HPI
1996 8 AUG	£70,000	£74,562	6% below HPI

2 OAKLANDS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Broadland local authority area over time, sourced from the HPI. The two 2 OAKLANDS sales from August 1996 and June 2016 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 1996 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the June 2016 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 2 OAKLANDS be worth now?

2 OAKLANDS might now be worth an estimated £443,279.

This is based on house price inflation of 36.4%, between June 2016 and May 2026, for detached houses, in the Broadland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 36.4% inflationary increase is applied to the most recent sale price for 2 OAKLANDS of £325,000 on 21st June 2016. For the value to have increased from £325,000 to £443,279 over the ten years and one month to May 2026, the following assumptions must hold true:

• The value of 2 OAKLANDS has moved in line with the HPI for detached houses in the Broadland local authority area.
• The June 2016 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 2 OAKLANDS has not materially changed since June 2016.

How Large is 2 OAKLANDS?

2 OAKLANDS is 125m² according to the EPC inspection conducted in May 2011. This puts it in the largest 40% of detached houses houses in Taverham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Taverham, and where 2 OAKLANDS lies on this distribution: 60% of detached houses houses are smaller than 2 OAKLANDS, and 39% of houses are larger. Note that EPC data is not available for all properties in Taverham.

2 OAKLANDS: Plot and Title Map

2 OAKLANDS sits on a plot of roughly 0.117 of an acre, or 472m². The below map shows the location of 2 OAKLANDS, 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 2 OAKLANDS). 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 2 OAKLANDS?

2 OAKLANDS is located in TAVERHAM, in the NR8 postcode district. The below map shows the position of No. 2 on OAKLANDS.