118, PARK ROAD, OLDHAM, OL8 1DB - £150,000

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.

118 PARK ROAD is a large terraced house of 116m², built sometime before 1900, which could now be worth an estimated £270,671. It was last sold for £150,000 in February 2007, which was around 50% above the average February 2007 terraced price in the Oldham local authority area. The most recent EPC inspection was February 2015, where the current energy rating was E, and the potential energy rating was B.

118 PARK ROAD Sold Prices

Land registry data shows three sales for 118 PARK ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Oldham local authority area for the corresponding sale date. All of the three 118 PARK ROAD sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2007 23 FEB	£150,000	£99,893	50% above HPI
2004 29 NOV	£82,000	£69,459	18% above HPI
2000 25 APR	£43,000	£32,303	33% above HPI

118 PARK ROAD Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Oldham local authority area over time, sourced from the HPI. The three 118 PARK ROAD sales between April 2000 and February 2007 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the November 2004 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the February 2007 sale, where it rises to 50% above the HPI. The line then continues to track at 50% above the HPI.

What might 118 PARK ROAD be worth now?

118 PARK ROAD might now be worth an estimated £270,671.

This is based on house price inflation of 80.4%, between February 2007 and May 2026, for terraced houses, in the Oldham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 80.4% inflationary increase is applied to the most recent sale price for 118 PARK ROAD of £150,000 on 23rd February 2007. For the value to have increased from £150,000 to £270,671 over the eighteen years and nine months to May 2026, the following assumptions must hold true:

• The value of 118 PARK ROAD has moved in line with the HPI for terraced houses in the Oldham local authority area.
• The February 2007 sale price of £150,000 represented a fair market value for the property.
• The size, condition, and specification of 118 PARK ROAD has not materially changed since February 2007.

How Large is 118 PARK ROAD?

118 PARK ROAD is 116m² according to the EPC inspection conducted in February 2015. This puts it in the largest 40% of terraced houses houses in Oldham, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Oldham, and where 118 PARK ROAD lies on this distribution: 67% of terraced houses houses are smaller than 118 PARK ROAD, and 32% of houses are larger. Note that EPC data is not available for all properties in Oldham.

118 PARK ROAD: Plot and Title Map

118 PARK ROAD sits on a plot of roughly 0.128 of an acre, or 517m². The below map shows the location of 118 PARK ROAD, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 118 PARK ROAD). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 118 PARK ROAD?

118 PARK ROAD is located in OLDHAM, in the OL8 postcode district. The below map shows the position of No. 118 on PARK ROAD.