OAKTREE, SCHOOL LANE, NEWBOLD COLEORTON, COALVILLE, LE67 8PF - £885,000

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.

OAKTREE is a large detached house of 199m², which could now be worth an estimated £917,703. It was last sold for £885,000 in May 2022, which was around 145% above the average May 2022 detached price in the North West Leicestershire local authority area. The most recent EPC inspection was August 2017, where the current energy rating was B, and the potential energy rating was B.

OAKTREE Sold Prices

Land registry data shows two sales for OAKTREE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North West Leicestershire local authority area for the corresponding sale date. One of the two OAKTREE 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
2022 16 MAY	£885,000	£360,921	145% above HPI
1996 13 NOV	£75,000	£79,975	6% below HPI

OAKTREE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North West Leicestershire local authority area over time, sourced from the HPI. The two OAKTREE sales from November 1996 and May 2022 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 November 1996 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the May 2022 sale, where it rises to 145% above the HPI. The line then continues to track at 145% above the HPI.

What might OAKTREE be worth now?

OAKTREE might now be worth an estimated £917,703.

This is based on house price inflation of 3.7%, between May 2022 and June 2025, for detached houses, in the North West Leicestershire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.7% inflationary increase is applied to the most recent sale price for OAKTREE of £885,000 on 16th May 2022. For the value to have increased from £885,000 to £917,703 over the two years and eleven months to June 2025, the following assumptions must hold true:

• The value of OAKTREE has moved in line with the HPI for detached houses in the North West Leicestershire local authority area.
• The May 2022 sale price of £885,000 represented a fair market value for the property.
• The size, condition, and specification of OAKTREE has not materially changed since May 2022.

How Large is OAKTREE?

OAKTREE is 199m² according to the EPC inspection conducted in August 2017. This puts it in the largest 40% of detached houses houses in Newbold, based on EPC data. The below chart shows the distribution of detached houses houses by size in Newbold, and where OAKTREE lies on this distribution: 63% of detached houses houses are smaller than OAKTREE, and 37% of houses are larger. Note that EPC data is not available for all properties in Newbold.

OAKTREE: Plot and Title Map

OAKTREE sits on a plot of roughly 1.1 acres, or 4,415m². The below map shows the location of OAKTREE, 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 OAKTREE). 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 OAKTREE?

OAKTREE is located on SCHOOL LANE in NEWBOLD COLEORTON, in the LE67 postcode district. The below map shows the position of OAKTREE on SCHOOL LANE.