3, OAK LANE, MACHEN, CAERPHILLY, CF83 8SQ - £241,000

3 OAK LANE is a midsized extended detached house of 117m², built sometime between 1967 and 1975. It was last sold for £241,000 in June 2014, which was around 34% above the average June 2014 detached price in the Caerphilly local authority area. The most recent EPC inspection was August 2012, where the current energy rating was D, and the potential energy rating was B.

3 OAK LANE Sold Prices

Land registry data shows two sales for 3 OAK LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Caerphilly local authority area for the corresponding sale date. Both of the two 3 OAK LANE 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 27 JUN	£241,000	£180,501	34% above HPI
2003 17 DEC	£170,000	£131,217	30% above HPI

3 OAK LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Caerphilly local authority area over time, sourced from the HPI. The two 3 OAK LANE sales from December 2003 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 December 2003 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the June 2014 sale, where it rises to 34% above the HPI. The line then continues to track at 34% above the HPI.

How Large is 3 OAK LANE?

3 OAK LANE is 117m², which includes one extension, according to the EPC inspection conducted in August 2012. This puts it in the smallest 50% of detached houses in Machen, based on EPC data. The below chart shows the distribution of detached houses by size in Machen, and where 3 OAK LANE lies on this distribution: 47% of detached houses are smaller than 3 OAK LANE, and 52% of houses are larger. Note that EPC data is not available for all properties in Machen.

3 OAK LANE: Plot and Title Map

3 OAK LANE sits on a plot of roughly 0.105 of an acre, or 424m². The below map shows the location of 3 OAK LANE, 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 3 OAK LANE). 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 3 OAK LANE?

3 OAK LANE is located in MACHEN, in the CF83 postcode district. The below map shows the position of No. 3 on OAK LANE.