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Oaklands House Prices Oaklands House Prices

The average house price in Oaklands is £970,000 using HM Land Registry data.

The average property price increased by £234,056 (33.56%) over the last 5 years and increased by £46,779 (5.29%) over the last 12 months.

Over the last year, there were 33 residential property sales – a decrease of 21 transactions (-63.64%) relative to the previous year. The majority of house sales (8) were in the £550,000 - £716,000 range. Then came properties in the £882,000 - £1,048,000 range, where 7 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 42 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-58,846 (-4%).

In April 2024, there were 12 new estate agency instructions, 9 agreed home sales and 12 property price reductions.

Neighbouring Areas: Welwyn

Postcodes Covered: AL6

5-Year Average Property Prices in Oaklands

33.56%

Property prices in Oaklands increased by 33.56% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Oaklands Over the Last Year

5.29%

Property prices in Oaklands increased by 5.29% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Oaklands - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Oaklands

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Oaklands

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Oaklands

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Oaklands since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Oaklands area since 1995.

Recent Property Sales in Oaklands

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
9 Mardley Wood, Welwyn, Hertfordshire, AL6 0UY£1,000,000£970,000-£30,00004 Sep 202306 Dec 202393 Days
99 Codicote Road, Welwyn, Hertfordshire, AL6 9TY£900,000£900,000£0022 Jun 202324 Nov 2023155 Days
3a, Hillside Way, Welwyn, Hertfordshire, AL6 0TY£700,000£695,000-£5,00011 Apr 202310 Nov 2023213 Days
14 Dolesbury Drive, Welwyn, Hertfordshire, AL6 0QF£1,250,000£1,240,000-£10,00028 Jun 202310 Nov 2023135 Days
18 Briary Wood Lane, Welwyn, Hertfordshire, AL6 0TF£995,000£995,000£0003 Feb 202319 Oct 2023258 Days
4 Whetstone Court, Welwyn, Hertfordshire, AL6 0QY£650,000£637,500-£12,50004 Jul 202312 Oct 2023100 Days
2 Whetstone Court, Welwyn, Hertfordshire, AL6 0QY£625,000£615,000-£10,00018 Jan 202328 Sep 2023253 Days
17 The Chase, Welwyn, Hertfordshire, AL6 0QT£750,000£745,000-£5,00003 Mar 202301 Sep 2023182 Days
Sunnyside Cottage, Pottersheath Road, Welwyn, Hertfordshire, AL6 9SU£850,000£825,000-£25,00013 Mar 202301 Sep 2023172 Days
17 Bluebells, Welwyn, Hertfordshire, AL6 0XD£825,000£825,000£0010 Feb 202322 Aug 2023193 Days
1 Whetstone Court, Welwyn, Hertfordshire, AL6 0QY£550,000£550,000£0030 Nov 202218 Aug 2023261 Days
5 Rosecroft Lane, Welwyn, Hertfordshire, AL6 0UB£500,000£495,000-£5,00026 May 202304 Aug 202370 Days
14 Birch Grove, Welwyn, Hertfordshire, AL6 0QP£765,000£750,000-£15,00011 Apr 202301 Aug 2023112 Days
8 Briary Wood End, Welwyn, Hertfordshire, AL6 0TD£950,000£925,000-£25,00015 Mar 202327 Jul 2023134 Days
22 Birch Grove, Welwyn, Hertfordshire, AL6 0QP£640,000£620,000-£20,00017 Apr 202314 Jul 202388 Days
4 Robbery Bottom Lane, Welwyn, Hertfordshire, AL6 0UW£1,500,000£1,400,000-£100,00008 Apr 202303 Jul 202386 Days
5 The Brambles, Welwyn, Hertfordshire, AL6 0PG£500,000£485,000-£15,00007 Feb 202328 Jun 2023141 Days
20 Birch Grove, Welwyn, Hertfordshire, AL6 0QP£610,000£575,000-£35,00020 Jan 202327 Apr 202397 Days
36a, Reynards Road, Welwyn, Hertfordshire, AL6 9TP£1,375,000£1,375,000£0006 Mar 202314 Apr 202339 Days
6 Willow Walk, Welwyn, Hertfordshire, AL6 9SQ£1,100,000£1,085,000-£15,00010 Sep 202205 Apr 2023207 Days

Most Expensive Streets in Oaklands

PostcodeStreetAreaAverageNo. of Sales
AL6 9TPReynards RoadWelwyn£1,429,3754
AL6 9SQWillow WalkWelwyn£1,421,6663
AL6 0RDFirwayWelwyn£1,291,6663
AL6 0RNOaklands RiseWelwyn£1,165,8336
AL6 0QBCanonsfieldWelwyn£1,105,0003
AL6 0UWRobbery Bottom LaneWelwyn£1,068,3333
AL6 0RPTurpins ChaseWelwyn£1,048,3333
AL6 9NWOakhill DriveWelwyn£1,033,0905
AL6 0TEBriary Wood LaneWelwyn£965,3005
AL6 9GRThe StablesWelwyn£954,48015

Least Expensive Streets in Oaklands

PostcodeStreetAreaAverageNo. of Sales
AL6 0PGThe BramblesWelwyn£480,6427
AL6 0XEOak PieceWelwyn£486,6663
AL6 0XHJuniper GardensWelwyn£516,5004
AL6 0SZScarff CloseWelwyn£521,2504
AL6 0QYWhetstone CourtWelwyn£545,8333
AL6 0TUMardley AvenueWelwyn£556,6663
AL6 0QTThe ChaseWelwyn£649,5836
AL6 0QPBirch GroveWelwyn£660,1258
AL6 0PUOakleaWelwyn£667,1427
AL6 0UGMarlborough CloseWelwyn£668,3333

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