6 Oaklands, West Kyo, Stanley, County Durham, DH9 8TQ

Detached
4
1055 sq ft
19.7%
PROPERTY VALUATION
£
Last sold: July 2019
INVESTMENT PERFORMANCE
Investment return: -2.6% per year throughout 2008 - 2019
PRICE CHANGE
£35,000
Percentage change: +19.7%
REFINE VALUATION

Property summary Last updated: 03/05/2024

Last updated: 03/05/2024

6 Oaklands, West Kyo is a 4 bedroom detached house spread over 1,055 square feet, making it one of the smaller properties here - it is ranked as the 2nd most expensive property* in DH9 8TQ, with a valuation of £213,000.

Since it last sold in July 2019 for £178,000, its value has increased by £35,000.

House floorplan
Detached houses across DH9 8 have been selling for £189 per square foot.

We expect this property to be in very good condition (or is significantly more desirable for some other reason) based on its price per square foot; it is currently valued at £201 per square foot.

  • The latest sale in DH9 8TQ went for £145k on 03 Feb 2021.
  • The average current property value here is £176,000.
  • 2 properties have sold in DH9 8TQ over the last 5 years.
  • 9 detached houses have sold at an average price of £233,000 in DH9 8 over the last 12 months.
Recent sales
Searching for recent sales near here

Expected property condition

At a sale price of £213k, we expect this property to be in a substantially better condition than the neighbouring properties in the road.

As it has a higher cost per square foot than the other properties in the road, we think it is more likely to be in good condition.

This can be caused by it having recently been refurbished to a high standard although it could also be because the property has more appealing architecture, a bigger garden, more parking spaces or a garage etc.

At a valuation of £213k this property has a cost per square foot of £201 - this is substantially more than the average for the area (which is currently £169).

If we valued this property using the average cost per square foot (CPSF):

  • Using the average CPSF for properties just in the postcode - it would be worth £191k.
  • Using the average CPSF for the whole road - it would be worth £178k.

The local market - Oaklands, DH9 8TQ

  • The average property value here is £176,000.
    • Valuations range from £132,000 to £220,000.
20%
This property has increased in price by 20% since it last sold 4 years ago.
21%
This property is 21% more expensive than average in Oaklands, DH9 8TQ.

Sale history

The most paid for a property in Oaklands, DH9 8TQ was £240,000 in 2008.

Date Price Change
Today's value* £213,000 19.7%
18 Jul 2019 £178,000 25.5%
29 May 2008 £239,000 -
6 Oaklands, West Kyo, Stanley, County Durham, DH9 8TQ
6 Oaklands, West Kyo, Stanley, County Durham, DH9 8TQ
6 Oaklands, West Kyo, Stanley, County Durham, DH9 8TQ
6 Oaklands, West Kyo, Stanley, County Durham, DH9 8TQ
6 Oaklands, West Kyo, Stanley, County Durham, DH9 8TQ
6 Oaklands, West Kyo, Stanley, County Durham, DH9 8TQ
6 Oaklands, West Kyo, Stanley, County Durham, DH9 8TQ
6 Oaklands, West Kyo, Stanley, County Durham, DH9 8TQ
6 Oaklands, West Kyo, Stanley, County Durham, DH9 8TQ
6 Oaklands, West Kyo, Stanley, County Durham, DH9 8TQ
6 Oaklands, West Kyo, Stanley, County Durham, DH9 8TQ

Valuation details

6 Oaklands, West Kyo has increased in price by £35,000 since it last sold in 2019 - this equates to a 3.8% rise each year.

At its last energy performance certificate inspection, it got a similar rating to other properties in this postcode with a score of 77 out of 100.

On a cost per square foot basis, this property is valued at 11% more than the other houses in this postcode.

Essential info

  • 4 bedroom freehold detached house
  • 1,055 square feet
  • 2% smaller than the average property in this postcode
  • 21% more expensive than the average here

This property is currently valued at £201 per square foot - the average cost per square foot for this postcode is £181.

A higher cost per square foot can indicate that the property is in a better condition than the other properties or that it has a bigger garden (for more information see our valuation review) of this property.

If the property was previously purchased in a bad state of repair, making home improvements could increase its sale price to £245,000.

Essential buying details

  • Built around 2007, the property has sold twice over the last 29 years.

  • If no refurbishment work has been carried out since it was last purchased, we expect the property to sell for between £201k and £225k.

  • The property didn't turn out to be a great investment for the previous owner - returning on average -2.6% per annum.

Investment Performance
Annual change: -2.6%

The previous owner had the property for 11 years, having purchased it in May 2008 for £239,000. They then sold it in July 2019 for £178,000

During this time, the price fell by £61,000 (-25.5%), which equates to it falling in value by -2.6% each year.

The property didn't turn out to be a great investment for the previous owner.

PropertyValuation
3 Oaklands, West Kyo
£132,000
2 Oaklands, West Kyo, Stanley, County Durham, DH9 8TQ 2 Oaklands, West Kyo
4 bed | 1227 sq. ft.
£151,000
9 Oaklands, West Kyo, Stanley, County Durham, DH9 8TQ 9 Oaklands, West Kyo
3 bed
£153,000
1 Oaklands, West Kyo
1227 sq.ft.
£163,000
11 Oaklands, West Kyo
883 sq.ft.
£166,000
10 Oaklands, West Kyo
£167,000
4 Oaklands, West Kyo
£194,000
5 Oaklands, West Kyo
980 sq.ft.
£199,000
6 Oaklands, West Kyo, Stanley, County Durham, DH9 8TQ 6 Oaklands, West Kyo
4 bed | 1055 sq. ft.
£213,000
7 Oaklands, West Kyo
£220,000
OFFERS EXPECTED TO BE IN THE REGION OF:
£201k - £225k

Most likely sale price: £213k

Tell us about the condition of the property to get a more accurate valuation.

Our property valuation model calculates the latest property prices using data from trusted external sources in combination with available user-submitted information - this includes HM Land Registry which is the UK's official register for ownership of land and property in England and Wales.

The model takes into account what has sold, when and how prices have changed over time. It also brings in multiple datasources to cross reference accuracy with the latest sales data and cost per square foot benchmarks.

In addtion to this, we filter out bad data where we are able to identify it so we can improve accuracy.

If home improvements have been made or the property has been extended after it was last purchased, these improvements won't be taken into account if we don't know about them. For properties that have had home improvements made, you can get an updated valuation here.

A number of things can make a property more desirable and sell for more money per square foot than others in the area.

Some of the things that can cause a property to be worth more per square foot include:

  • Good school catchment area
  • Good transport links
  • Bigger garden
  • Offstreet parking and garages
  • High quality architectural designs (a.k.a pretty houses!)
  • Good quality home improvements

We use multiple data sources to provide reliable property information to you.

Some of the data sources we use are:

  • HM Land Registry
  • Ordnance Survey
  • Department for Levelling Up, Housing & Communities
  • Royal Mail
  • Estate agents
  • Property listings

* Excluding properties that we've been unable to calculate a valuation for.

** Excludes property transactions that occurred before 1995.

Whilst all reasonable effort is made to ensure the information in this website is current, The Move Market does not warrant the accuracy or completeness and accepts no liability for any loss or damage or costs.

Contains HM Land Registry data © Crown copyright and database right 2023. This data is licensed under the Open Government Licence v3.0.

The latest HM Land registry data covers property transactions up until 31/03/2024 - this was released on the 29/04/2024.