3, OAKS LANE, SHEFFIELD, S5 0TA - £105,000

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 OAKS LANE is a very small terraced house of 48m², built sometime before 1900, which could now be worth an estimated £125,323. It was last sold for £105,000 in August 2021, which was around 35% below the average August 2021 terraced price in the Sheffield local authority area. The most recent EPC inspection was August 2010, where the current energy rating was D, and the potential energy rating was C.

3 OAKS LANE Sold Prices

Land registry data shows three sales for 3 OAKS LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Sheffield local authority area for the corresponding sale date. All of the three 3 OAKS LANE sales were 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 2 AUG	£105,000	£162,351	35% below HPI
2018 14 MAY	£63,000	£136,864	54% below HPI
2014 17 DEC	£60,000	£120,395	50% below HPI

3 OAKS LANE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Sheffield local authority area over time, sourced from the HPI. The three 3 OAKS LANE sales between December 2014 and August 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 May 2018 sale was for 54% below the HPI. So the extrapolation line tracks at 54% below the HPI over time, until the August 2021 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 3 OAKS LANE be worth now?

3 OAKS LANE might now be worth an estimated £125,323.

This is based on house price inflation of 19.4%, between August 2021 and August 2025, for terraced houses, in the Sheffield local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 19.4% inflationary increase is applied to the most recent sale price for 3 OAKS LANE of £105,000 on 2nd August 2021. For the value to have increased from £105,000 to £125,323 over the four years to August 2025, the following assumptions must hold true:

• The value of 3 OAKS LANE has moved in line with the HPI for terraced houses in the Sheffield local authority area.
• The August 2021 sale price of £105,000 represented a fair market value for the property.
• The size, condition, and specification of 3 OAKS LANE has not materially changed since August 2021.

How Large is 3 OAKS LANE?

3 OAKS LANE is 48m² according to the EPC inspection conducted in August 2010. This puts it in the smallest 10% of terraced houses houses in Sheffield, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Sheffield, and where 3 OAKS LANE lies on this distribution: Less than 1% of terraced houses houses are smaller than 3 OAKS LANE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Sheffield.

3 OAKS LANE: Plot and Title Map

3 OAKS LANE sits on a plot of roughly 0.030 of an acre, or 120m². The below map shows the location of 3 OAKS 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 OAKS 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 OAKS LANE?

3 OAKS LANE is located in SHEFFIELD, in the S5 postcode district. The below map shows the position of No. 3 on OAKS LANE.