7, ESSEX CLOSE, SHAW, OLDHAM, OL2 7EA - £260,000

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.

7 ESSEX CLOSE is a large extended detached house of 129m², built sometime between 1950 and 1966, which could now be worth an estimated £494,206. It was last sold for £260,000 in October 2010, which was around 32% above the average October 2010 detached price in the Oldham local authority area. The most recent EPC inspection was October 2008, where the current energy rating was E, and the potential energy rating was D.

7 ESSEX CLOSE Sold Prices

Land registry data shows three sales for 7 ESSEX CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Oldham local authority area for the corresponding sale date. All of the three 7 ESSEX CLOSE 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
2010 18 OCT	£260,000	£197,558	32% above HPI
1998 17 APR	£250,000	£74,052	238% above HPI
1997 24 JUL	£84,500	£73,097	16% above HPI

7 ESSEX CLOSE 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 three 7 ESSEX CLOSE sales between July 1997 and October 2010 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 1998 sale was for 238% above the HPI. So the extrapolation line tracks at 238% above the HPI over time, until the October 2010 sale, where it falls to 32% above the HPI. The line then continues to track at 32% above the HPI.

What might 7 ESSEX CLOSE be worth now?

7 ESSEX CLOSE might now be worth an estimated £494,206.

This is based on house price inflation of 90.1%, between October 2010 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 90.1% inflationary increase is applied to the most recent sale price for 7 ESSEX CLOSE of £260,000 on 18th October 2010. For the value to have increased from £260,000 to £494,206 over the sixteen years and five months to May 2026, the following assumptions must hold true:

• The value of 7 ESSEX CLOSE has moved in line with the HPI for detached houses in the Oldham local authority area.
• The October 2010 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 7 ESSEX CLOSE has not materially changed since October 2010.

How Large is 7 ESSEX CLOSE?

7 ESSEX CLOSE is 129m², which includes two extensions, according to the EPC inspection conducted in October 2008. This puts it in the largest 30% of detached houses houses in Shaw, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shaw, and where 7 ESSEX CLOSE lies on this distribution: 71% of detached houses houses are smaller than 7 ESSEX CLOSE, and 29% of houses are larger. Note that EPC data is not available for all properties in Shaw.

7 ESSEX CLOSE: Plot and Title Map

7 ESSEX CLOSE sits on a plot of roughly 0.148 of an acre, or 599m². The below map shows the location of 7 ESSEX CLOSE, 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 7 ESSEX CLOSE). 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 7 ESSEX CLOSE?

7 ESSEX CLOSE is located in SHAW, in the OL2 postcode district. The below map shows the position of No. 7 on ESSEX CLOSE.