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Oak Terrace is a residential street with 21 addresses.
It ranks as the 181st largest and 164th most expensive of the 358 streets in the DL17 area. The dominant property type is a early-century flat built between 1912 and 1935.
The street contains a total of 21 properties: 12 houses and 9 flats.
Oak Terrace is a residential street with 21 addresses.
It ranks as the 181st largest and 164th most expensive of the 358 streets in the DL17 area. The dominant property type is a early-century flat built between 1912 and 1935.
The street contains a total of 21 properties: 12 houses and 9 flats.
Sale prices range from £49,120 for 2 bedroom Leasehold flats (430 ft2) to £126,166 for 4 bedroom freehold houses with a garden (1,399 ft2) .
Monthly rental prices range from £412 pcm for 2 bed flats to £747 pcm for 4 bed houses.
The gross rental yield is between 7.1% and 10.1%.
The average value per square foot is £100.
The last sale on Oak Terrace sold for £80,000 on 7th November 2024. Since then prices are up an average of 4.4%.
The current average value in the street is £80,841.
The Oak Terrace Sales Market has increased by 21.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -0.7% | £80,841 |
| May 2025 | 3% | £81,409 |
| May 2024 | -0.2% | £79,038 |
| May 2023 | 6.6% | £79,232 |
| May 2022 | 4% | £74,301 |
| May 2021 | 7.2% | £71,413 |
| May 2020 | 2.6% | £66,631 |
| May 2019 | -0.5% | £64,969 |
| May 2018 | -0.2% | £65,279 |
| May 2017 | -1.3% | £65,436 |
| May 2016 | 2.3% | £66,317 |
| May 2015 | -4% | £64,833 |
| May 2014 | 4.3% | £67,513 |
| May 2013 | -2.9% | £64,744 |
| May 2012 | -6.5% | £66,696 |
| May 2011 | -0.1% | £71,296 |
| May 2010 | 1% | £71,380 |
| May 2009 | -12.8% | £70,703 |
| May 2008 | -1.3% | £81,123 |
| May 2007 | 0% | £82,218 |
The current average rental value in the street is £574.
The Oak Terrace Rental Market has increased by 37.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 2.5% | £574pcm |
| May 2025 | 2.6% | £560pcm |
| May 2024 | 8% | £545pcm |
| May 2023 | 8.3% | £505pcm |
| May 2022 | 4.9% | £466pcm |
| May 2021 | 5.7% | £444pcm |
| May 2020 | 1.3% | £420pcm |
| May 2019 | 0.2% | £415pcm |
| May 2018 | -0.5% | £414pcm |
| May 2017 | -0.5% | £416pcm |
| May 2016 | 2% | £418pcm |
| May 2015 | -0.7% | £410pcm |
| May 2014 | -0.4% | £413pcm |
| May 2013 | -4% | £415pcm |
| May 2012 | -1.3% | £432pcm |
| May 2011 | 0.7% | £437pcm |
| May 2010 | 3.7% | £435pcm |
| May 2009 | -1.3% | £419pcm |
| May 2008 | 1% | £424pcm |
| May 2007 | 0% | £420pcm |
The last sale was on 7th November 2024 for £80,000 and since then the market in the area has increased by 4.4%. The street has had a total of 20 sales since 1995.
Oak Terrace, West Cornforth, Ferryhill, DL17 has seen 1 sale in the last three years and no sales in the last twelve months.
Oak Terrace, West Cornforth, Ferryhill, DL17 is the 181st largest and the 164th most expensive street in the DL17 area.
There are 3 postcodes on Oak Terrace, West Cornforth, Ferryhill, DL17.
The closest station to Oak Terrace, West Cornforth, Ferryhill, DL17 is Durham station which is 9.9 kilometres away.
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According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around Oak Terrace, West Cornforth, Ferryhill, DL17, 29.6% of property is privately rented and 26.8% is privately owned outright.
The graph below shows how this compares to North East and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around Oak Terrace, West Cornforth, Ferryhill, DL17, 15.0% of residents are recorded as possessing school level qualifications and 16.2% as possessing degree level qualifications.
The graph below shows how this compares to North East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around Oak Terrace, West Cornforth, Ferryhill, DL17, the average age was 45.1 and the most common age was 57.
The graph below shows how this compares to North East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around Oak Terrace, West Cornforth, Ferryhill, DL17, 0.0% of property was a second home.
Comparison figures for North East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around Oak Terrace, West Cornforth, Ferryhill, DL17, there are an average of 0.9 cars per household.
See below for how this compares to North East and the rest of England & Wales.