5, OAKFIELDS, BURNOPFIELD, NEWCASTLE UPON TYNE, NE16 6PQ - £240,000

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.

5 OAKFIELDS is a large extended detached house of 124m², built sometime between 1976 and 1982, which could now be worth an estimated £355,445. It was last sold for £240,000 in March 2015, which was around 52% above the average March 2015 detached price in the County Durham local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was C.

5 OAKFIELDS Sold Prices

Land registry data shows one sale for 5 OAKFIELDS since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the County Durham local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2015 31 MAR	£240,000	£158,237	52% above HPI

What might 5 OAKFIELDS be worth now?

5 OAKFIELDS might now be worth an estimated £355,445.

This is based on house price inflation of 48.1%, between March 2015 and May 2026, 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 48.1% inflationary increase is applied to the most recent sale price for 5 OAKFIELDS of £240,000 on 31st March 2015. For the value to have increased from £240,000 to £355,445 over the ten years and ten months to May 2026, the following assumptions must hold true:

• The value of 5 OAKFIELDS has moved in line with the HPI for detached houses in the County Durham local authority area.
• The March 2015 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 5 OAKFIELDS has not materially changed since March 2015.

How Large is 5 OAKFIELDS?

5 OAKFIELDS is 124m², which includes one extension, according to the EPC inspection conducted in August 2014. This puts it in the largest 30% of detached houses in Burnopfield, based on EPC data. The below chart shows the distribution of detached houses by size in Burnopfield, and where 5 OAKFIELDS lies on this distribution: 73% of detached houses are smaller than 5 OAKFIELDS, and 27% of detached houses are larger. Note that EPC data is not available for all properties in Burnopfield.

5 OAKFIELDS: Plot

5 OAKFIELDS sits on a plot of roughly 0.078 of an acre, or 314m².

Where is 5 OAKFIELDS?

5 OAKFIELDS is located in BURNOPFIELD, in the NE16 postcode district.