38, OAKLEY DRIVE, OLDHAM, OL1 4TR - £157,000

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.

38 OAKLEY DRIVE is a large terraced house of 120m², built sometime between 2003 and 2006, which could now be worth an estimated £280,737. It was last sold for £157,000 in April 2018, which was around 57% above the average April 2018 terraced price in the Oldham local authority area. The most recent EPC inspection was March 2012, where the current energy rating was C, and the potential energy rating was C.

38 OAKLEY DRIVE Sold Prices

Land registry data shows five sales for 38 OAKLEY DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Oldham local authority area for the corresponding sale date. All of the five 38 OAKLEY DRIVE 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
2018 17 APR	£157,000	£100,300	57% above HPI
2014 4 JUN	£120,000	£92,450	30% above HPI
2011 28 JUL	£112,000	£87,626	28% above HPI
2005 15 FEB	£159,950	£73,670	117% above HPI
2004 23 APR	£132,950	£57,445	131% above HPI

38 OAKLEY DRIVE 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 five 38 OAKLEY DRIVE sales between April 2004 and April 2018 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 June 2014 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the April 2018 sale, where it rises to 57% above the HPI. The line then continues to track at 57% above the HPI.

What might 38 OAKLEY DRIVE be worth now?

38 OAKLEY DRIVE might now be worth an estimated £280,737.

This is based on house price inflation of 78.8%, between April 2018 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 78.8% inflationary increase is applied to the most recent sale price for 38 OAKLEY DRIVE of £157,000 on 17th April 2018. For the value to have increased from £157,000 to £280,737 over the eight years to April 2026, the following assumptions must hold true:

• The value of 38 OAKLEY DRIVE has moved in line with the HPI for terraced houses in the Oldham local authority area.
• The April 2018 sale price of £157,000 represented a fair market value for the property.
• The size, condition, and specification of 38 OAKLEY DRIVE has not materially changed since April 2018.

How Large is 38 OAKLEY DRIVE?

38 OAKLEY DRIVE is 120m² according to the EPC inspection conducted in March 2012. This puts it in the largest 30% 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 38 OAKLEY DRIVE lies on this distribution: 74% of terraced houses houses are smaller than 38 OAKLEY DRIVE, and 26% of houses are larger. Note that EPC data is not available for all properties in Oldham.

38 OAKLEY DRIVE: Plot and Title Map

38 OAKLEY DRIVE sits on a plot of roughly 0.053 of an acre, or 214m². The below map shows the location of 38 OAKLEY DRIVE, 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 38 OAKLEY DRIVE). 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 38 OAKLEY DRIVE?

38 OAKLEY DRIVE is located in OLDHAM, in the OL1 postcode district. The below map shows the position of No. 38 on OAKLEY DRIVE.