3, OAKFIELDS, BURNOPFIELD, NEWCASTLE UPON TYNE, NE16 6PQ - £220,000

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.

3 OAKFIELDS is a large extended detached house of 115m², built sometime between 1976 and 1982, which could now be worth an estimated £264,574. It was last sold for £220,000 in May 2021, which was around 14% above the average May 2021 detached price in the County Durham local authority area. The most recent EPC inspection was September 2020, where the current energy rating was C, and the potential energy rating was B.

3 OAKFIELDS Sold Prices

Land registry data shows two sales for 3 OAKFIELDS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the County Durham local authority area for the corresponding sale date. One of the two 3 OAKFIELDS 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
2021 28 MAY	£220,000	£193,186	14% above HPI
1998 21 AUG	£72,500	£75,444	4% below HPI

3 OAKFIELDS Price Paid vs. HPI Average

The below graph shows the average detached house price in the County Durham local authority area over time, sourced from the HPI. The two 3 OAKFIELDS sales from August 1998 and May 2021 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 1998 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the May 2021 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might 3 OAKFIELDS be worth now?

3 OAKFIELDS might now be worth an estimated £264,574.

This is based on house price inflation of 20.3%, between May 2021 and June 2025, for detached houses, in the County Durham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 20.3% inflationary increase is applied to the most recent sale price for 3 OAKFIELDS of £220,000 on 28th May 2021. For the value to have increased from £220,000 to £264,574 over the three years and eleven months to June 2025, the following assumptions must hold true:

• The value of 3 OAKFIELDS has moved in line with the HPI for detached houses in the County Durham local authority area.
• The May 2021 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 3 OAKFIELDS has not materially changed since May 2021.

How Large is 3 OAKFIELDS?

3 OAKFIELDS is 115m², which includes one extension, according to the EPC inspection conducted in September 2020. This puts it in the largest 40% of detached houses houses in Burnopfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Burnopfield, and where 3 OAKFIELDS lies on this distribution: 66% of detached houses houses are smaller than 3 OAKFIELDS, and 31% of houses are larger. Note that EPC data is not available for all properties in Burnopfield.

3 OAKFIELDS: Plot and Title Map

3 OAKFIELDS sits on a plot of roughly 0.060 of an acre, or 243m². The below map shows the location of 3 OAKFIELDS, 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 OAKFIELDS). 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 OAKFIELDS?

3 OAKFIELDS is located in BURNOPFIELD, in the NE16 postcode district. The below map shows the position of No. 3 on OAKFIELDS.