3, SPRING TERRACE, NEWHEY, ROCHDALE, OL16 4LZ - £84,000

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.

3 SPRING TERRACE is a very small terraced house of 64m², built sometime before 1900, which could now be worth an estimated £100,397. It was last sold for £84,000 in August 2021, which was around 37% below the average August 2021 terraced price in the Rochdale local authority area. The most recent EPC inspection was November 2021, where the current energy rating was D, and the potential energy rating was B.

3 SPRING TERRACE Sold Prices

Land registry data shows eight sales for 3 SPRING TERRACE since 1^st January 1995. The below table shows the price paid for the eight sales, along with the average terraced price in the Rochdale local authority area for the corresponding sale date. Most of the eight 3 SPRING TERRACE 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
2021 6 AUG	£84,000	£133,848	37% below HPI
2016 25 NOV	£71,000	£93,835	24% below HPI
2013 31 OCT	£73,500	£84,059	13% below HPI
2006 29 SEP	£87,000	£94,839	8% below HPI
2003 5 SEP	£59,950	£55,948	7% above HPI
2002 29 NOV	£49,500	£46,109	7% above HPI
2001 23 NOV	£40,000	£38,798	3% above HPI
1995 26 JUL	£24,000	£31,297	23% below HPI

3 SPRING TERRACE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Rochdale local authority area over time, sourced from the HPI. The eight 3 SPRING TERRACE sales between July 1995 and August 2021 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 2016 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the August 2021 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

What might 3 SPRING TERRACE be worth now?

3 SPRING TERRACE might now be worth an estimated £100,397.

This is based on house price inflation of 19.5%, between August 2021 and June 2025, for terraced houses, in the Rochdale local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 19.5% inflationary increase is applied to the most recent sale price for 3 SPRING TERRACE of £84,000 on 6th August 2021. For the value to have increased from £84,000 to £100,397 over the four years and two months to June 2025, the following assumptions must hold true:

• The value of 3 SPRING TERRACE has moved in line with the HPI for terraced houses in the Rochdale local authority area.
• The August 2021 sale price of £84,000 represented a fair market value for the property.
• The size, condition, and specification of 3 SPRING TERRACE has not materially changed since August 2021.

How Large is 3 SPRING TERRACE?

3 SPRING TERRACE is 64m² according to the EPC inspection conducted in November 2021. This puts it in the smallest 10% of terraced houses houses in Newhey, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Newhey, and where 3 SPRING TERRACE lies on this distribution: 5% of terraced houses houses are smaller than 3 SPRING TERRACE, and 95% of houses are larger. Note that EPC data is not available for all properties in Newhey.

3 SPRING TERRACE: Plot and Title Map

3 SPRING TERRACE sits on a plot of roughly 0.010 of an acre, or 42m². The below map shows the location of 3 SPRING TERRACE, 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 3 SPRING TERRACE). 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 3 SPRING TERRACE?

3 SPRING TERRACE is located in NEWHEY, in the OL16 postcode district. The below map shows the position of No. 3 on SPRING TERRACE.