2, LOWER CROSSBANK, LEES, OLDHAM, OL4 3NP - £410,000

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.

2 LOWER CROSSBANK is a very large detached house of 167m², built sometime between 1976 and 1982, which could now be worth an estimated £478,363. It was last sold for £410,000 in September 2022, which was around 27% above the average September 2022 detached price in the Oldham local authority area. The most recent EPC inspection was June 2021, where the current energy rating was D, and the potential energy rating was B.

2 LOWER CROSSBANK Sold Prices

Land registry data shows two sales for 2 LOWER CROSSBANK since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Oldham local authority area for the corresponding sale date. Both of the two 2 LOWER CROSSBANK 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
2022 16 SEP	£410,000	£321,852	27% above HPI
1997 29 JAN	£82,000	£69,848	17% above HPI

2 LOWER CROSSBANK Price Paid vs. HPI Average

The below graph shows the average detached house price in the Oldham local authority area over time, sourced from the HPI. The two 2 LOWER CROSSBANK sales from January 1997 and September 2022 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 1997 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the September 2022 sale, where it rises to 27% above the HPI. The line then continues to track at 27% above the HPI.

What might 2 LOWER CROSSBANK be worth now?

2 LOWER CROSSBANK might now be worth an estimated £478,363.

This is based on house price inflation of 16.7%, between September 2022 and May 2026, for 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 16.7% inflationary increase is applied to the most recent sale price for 2 LOWER CROSSBANK of £410,000 on 16th September 2022. For the value to have increased from £410,000 to £478,363 over the four years and four months to May 2026, the following assumptions must hold true:

• The value of 2 LOWER CROSSBANK has moved in line with the HPI for detached houses in the Oldham local authority area.
• The September 2022 sale price of £410,000 represented a fair market value for the property.
• The size, condition, and specification of 2 LOWER CROSSBANK has not materially changed since September 2022.

How Large is 2 LOWER CROSSBANK?

2 LOWER CROSSBANK is 167m² according to the EPC inspection conducted in June 2021. This puts it in the largest 20% of detached houses houses in Lees, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lees, and where 2 LOWER CROSSBANK lies on this distribution: 83% of detached houses houses are smaller than 2 LOWER CROSSBANK, and 16% of houses are larger. Note that EPC data is not available for all properties in Lees.

2 LOWER CROSSBANK: Plot and Title Map

2 LOWER CROSSBANK sits on a plot of roughly 0.144 of an acre, or 581m². The below map shows the location of 2 LOWER CROSSBANK, 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 LOWER CROSSBANK). 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 LOWER CROSSBANK?

2 LOWER CROSSBANK is located in LEES, in the OL4 postcode district. The below map shows the position of No. 2 on LOWER CROSSBANK.