245, OLDHAM ROAD, SPRINGHEAD, OLDHAM, OL4 4QL - £68,500

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.

245 OLDHAM ROAD is a very large terraced house of 94m², built sometime between 1900 and 1929, which could now be worth an estimated £167,967. It was last sold for £68,500 in April 2005, which was around 6% below the average April 2005 terraced 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 C.

245 OLDHAM ROAD Sold Prices

Land registry data shows two sales for 245 OLDHAM ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Oldham local authority area for the corresponding sale date. Both of the two 245 OLDHAM ROAD 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
2005 29 APR	£68,500	£73,142	6% below HPI
1999 30 APR	£25,000	£31,337	20% below HPI

245 OLDHAM ROAD 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 245 OLDHAM ROAD sales from April 1999 and April 2005 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 April 1999 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the April 2005 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 245 OLDHAM ROAD be worth now?

245 OLDHAM ROAD might now be worth an estimated £167,967.

This is based on house price inflation of 145.2%, between April 2005 and April 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 145.2% inflationary increase is applied to the most recent sale price for 245 OLDHAM ROAD of £68,500 on 29th April 2005. For the value to have increased from £68,500 to £167,967 over the 21 years to April 2026, the following assumptions must hold true:

• The value of 245 OLDHAM ROAD has moved in line with the HPI for terraced houses in the Oldham local authority area.
• The April 2005 sale price of £68,500 represented a fair market value for the property.
• The size, condition, and specification of 245 OLDHAM ROAD has not materially changed since April 2005.

How Large is 245 OLDHAM ROAD?

245 OLDHAM ROAD is 94m² according to the EPC inspection conducted in June 2021. This puts it in the largest 20% of terraced houses in Lees, based on EPC data. The below chart shows the distribution of terraced houses by size in Lees, and where 245 OLDHAM ROAD lies on this distribution: 83% of terraced houses are smaller than 245 OLDHAM ROAD, and 16% of terraced houses are larger. Note that EPC data is not available for all properties in Lees.

Where is 245 OLDHAM ROAD?

245 OLDHAM ROAD is located in SPRINGHEAD, in the OL4 postcode district.