5, FOREST STREET, OLDHAM, OL8 3ER - £70,000

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.

5 FOREST STREET is a very small terraced house of 75m², built sometime between 1900 and 1929, which could now be worth an estimated £119,877. It was last sold for £70,000 in November 2007, which was around 33% below the average November 2007 terraced price in the Oldham local authority area. The most recent EPC inspection was May 2016, where the current energy rating was D, and the potential energy rating was C.

5 FOREST STREET Sold Prices

Land registry data shows four sales for 5 FOREST STREET since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Oldham local authority area for the corresponding sale date. All of the four 5 FOREST STREET 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
2007 29 NOV	£70,000	£105,256	33% below HPI
2005 17 MAR	£59,000	£73,443	20% below HPI
2004 4 MAY	£42,000	£59,938	30% below HPI
2004 2 APR	£35,000	£57,445	39% below HPI

5 FOREST STREET 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 four 5 FOREST STREET sales between April 2004 and November 2007 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 March 2005 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the November 2007 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 5 FOREST STREET be worth now?

5 FOREST STREET might now be worth an estimated £119,877.

This is based on house price inflation of 71.3%, between November 2007 and May 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 71.3% inflationary increase is applied to the most recent sale price for 5 FOREST STREET of £70,000 on 29th November 2007. For the value to have increased from £70,000 to £119,877 over the nineteen years and six months to May 2026, the following assumptions must hold true:

• The value of 5 FOREST STREET has moved in line with the HPI for terraced houses in the Oldham local authority area.
• The November 2007 sale price of £70,000 represented a fair market value for the property.
• The size, condition, and specification of 5 FOREST STREET has not materially changed since November 2007.

How Large is 5 FOREST STREET?

5 FOREST STREET is 75m² according to the EPC inspection conducted in May 2016. This puts it in the smallest 20% 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 5 FOREST STREET lies on this distribution: 11% of terraced houses houses are smaller than 5 FOREST STREET, and 88% of houses are larger. Note that EPC data is not available for all properties in Oldham.

5 FOREST STREET: Plot and Title Map

5 FOREST STREET sits on a plot of roughly 0.016 of an acre, or 66m². The below map shows the location of 5 FOREST STREET, 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 5 FOREST STREET). 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 5 FOREST STREET?

5 FOREST STREET is located in OLDHAM, in the OL8 postcode district. The below map shows the position of No. 5 on FOREST STREET.