2, BURNS CLOSE, OLDHAM, OL1 4RE - £137,500

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.

2 BURNS CLOSE is a small semi-detached house of 85m², built sometime between 1967 and 1975, which could now be worth an estimated £213,340. It was last sold for £137,500 in December 2019, which was around 12% below the average December 2019 semi-detached price in the Oldham local authority area. The most recent EPC inspection was September 2019, where the current energy rating was D, and the potential energy rating was B.

2 BURNS CLOSE Sold Prices

Land registry data shows two sales for 2 BURNS CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Oldham local authority area for the corresponding sale date. Both of the two 2 BURNS CLOSE sales were for below 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
2019 19 DEC	£137,500	£156,550	12% below HPI
2008 11 JAN	£124,000	£134,634	8% below HPI

2 BURNS CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Oldham local authority area over time, sourced from the HPI. The two 2 BURNS CLOSE sales from January 2008 and December 2019 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 January 2008 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the December 2019 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 2 BURNS CLOSE be worth now?

2 BURNS CLOSE might now be worth an estimated £213,340.

This is based on house price inflation of 55.2%, between December 2019 and May 2026, for semi-detached 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 55.2% inflationary increase is applied to the most recent sale price for 2 BURNS CLOSE of £137,500 on 19th December 2019. For the value to have increased from £137,500 to £213,340 over the seven years and seven months to May 2026, the following assumptions must hold true:

• The value of 2 BURNS CLOSE has moved in line with the HPI for semi-detached houses in the Oldham local authority area.
• The December 2019 sale price of £137,500 represented a fair market value for the property.
• The size, condition, and specification of 2 BURNS CLOSE has not materially changed since December 2019.

How Large is 2 BURNS CLOSE?

2 BURNS CLOSE is 85m² according to the EPC inspection conducted in September 2019. This puts it in the smallest 30% of semi-detached houses houses in Oldham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Oldham, and where 2 BURNS CLOSE lies on this distribution: 23% of semi-detached houses houses are smaller than 2 BURNS CLOSE, and 76% of houses are larger. Note that EPC data is not available for all properties in Oldham.

2 BURNS CLOSE: Plot and Title Map

2 BURNS CLOSE sits on a plot of roughly 0.067 of an acre, or 270m². The below map shows the location of 2 BURNS CLOSE, 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 2 BURNS CLOSE). 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 2 BURNS CLOSE?

2 BURNS CLOSE is located in OLDHAM, in the OL1 postcode district. The below map shows the position of No. 2 on BURNS CLOSE.