4, Oaklea Close, Welwyn, Hertfordshire, AL6 0QLLocation See map

4 Oaklea Close is a 1,880 square foot detached house with a valuation of £981,000.

Since the house was last sold in November 2015 for £740,000, its value has risen by £241,000.

Valuation Trends

Sold house prices and home valuation trends over time

Street sold prices

Property Summary

House features, location, and investment performance

4 Oaklea Close is a freehold detached house, built in 1976-1982. A 2015 survey recorded the property as having 1,880 square feet of floor space and space for 4 or 5 bedrooms, depending on layout.

The property was a good investment for its previous owner, who made a £490,000 profit between July 1999 and November 2015.

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4, Oaklea Close, Welwyn, Hertfordshire AL6 0QL

Placeholder property location on the map

Sold House Prices

Timeline of sold house prices and cost per square foot

Since 4 Oaklea Close's first recorded sale in 1999, the house's price has risen by £731,000 or 12% per year.

During the same period, the price of an average home on Oaklea Close increased by £715,000 or 13% per year, and the average UK home increased by 11% per year.

  1. Current valuation

    Detached house freehold, £522 per square foot

    + 33%
  2. Sold November 2015

    Detached house freehold, £394 per square foot

    + 196%
  3. Sold July 1999

    Detached house freehold, £133 per square foot

Valuation Comparison

Comparison of local and national house prices

House Prices in Oaklea Close start at £707,000 for the cheapest property on the street, rising to £1,236,000 for the most expensive.

4 Oaklea Close is worth 3% more than the £950,000 average property on Oaklea Close and 227% more than the £300,000 average home in England.

Average Detached House Prices in East England

4 Oaklea Close
- 4.5%
- 38.1%
- 48.4%
- 53.5%
- 58.8%
- 64.4%

Cost per square foot valuation

Using local prices per square foot as benchmarks for valuation

When valuing this property, one factor we consider is the average cost per square foot (CPSF) for detached houses in the area. Based on this metric alone, the property's valuation would be £876,000.

Our valuation is above the £421 to £511 CPSF you would have to pay for a typical detached house in Oaklea Close. Factors such as features and outdoor space affect CPSF, with past sale prices reflecting these differences.

Cost per sq ft
4 Oaklea Close
- 10.7%
- 10.7%

Energy Efficiency

Energy usage and efficiency compared to the average detached house in England and Wales. Figures from a 2015 survey

Average detached
EPC Rating
Energy efficiency
Energy consumption
kWh per year
CO₂ emissions
Tonnes per year

Valuation details

Property valuation details and commonly asked questions

In this section
  • Chevron Forward What condition is the property in?
  • How is the property valuation estimated?
  • Where are the figures sourced?
  • What should I do if the details are incorrect?

What condition is the property in?

At a sale price of £981,000, the property’s cost per square foot indicates a better condition than the neighbouring properties or that it possesses additional features to warrant the higher price.

How is the property valuation estimated?

Every month, our Automated Valuation Model (AVM) determines property values.

Our AVM collects data from reputable sources, like HM Land Registry, and uses the data to estimate what each property is worth.

In our tests, we have found that the sale price of a property falls within our AVM's confidence range in most cases. However, there are scenarios where the valuations are not accurate. For example, if significant alterations have been made to a property recently or if a property is unique with few comparables.

For more details on the workings of our AVM, including its strengths, limitations, and how it measures up to traditional valuation methods, please refer to our guide 'How We Value Property'.

We try to make the valuations as accurate as possible, but they are estimates. When buying or selling property, you should speak to a qualified professional.

Where are the figures sourced?

Sold house prices, and data on property types/tenures, are sourced from the HM Land Registry.

There is a time delay in property sales appearing in HM Land Registry, which can be up to three months.

Other property details, such as energy efficiency, are estimates from a 2015 property survey.

What should I do if the details are incorrect?

We generate all our property valuations programmatically. They cannot be manually edited based on new information, such as evidence of redevelopment.

If sold property prices or property types are incorrect, you should verify them with HM Land Registry. You can notify HM Land Registry of any errors.

If any other property details are incorrect or out-of-date, they will update automatically when next surveyed.

You can verify property details related to energy efficiency.

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