7, WOODHEAD CLOSE, LEES, OLDHAM, OL4 3JS - £222,000

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 WOODHEAD CLOSE is a small extended detached house of 109m², built sometime between 1991 and 1995, which could now be worth an estimated £338,071. It was last sold for £222,000 in November 2019, which was around 10% below the average November 2019 detached price in the Oldham local authority area. The most recent EPC inspection was February 2019, where the current energy rating was C, and the potential energy rating was B.

7 WOODHEAD CLOSE Sold Prices

Land registry data shows three sales for 7 WOODHEAD 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. Two of the three 7 WOODHEAD CLOSE sales were for below the average price, whilst one was 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
2019 18 NOV	£222,000	£246,580	10% below HPI
2009 23 NOV	£177,000	£187,380	6% below HPI
1999 30 APR	£89,500	£74,574	20% above HPI

7 WOODHEAD 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 WOODHEAD CLOSE sales between April 1999 and November 2019 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 2009 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the November 2019 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 7 WOODHEAD CLOSE be worth now?

7 WOODHEAD CLOSE might now be worth an estimated £338,071.

This is based on house price inflation of 52.3%, between November 2019 and April 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 52.3% inflationary increase is applied to the most recent sale price for 7 WOODHEAD CLOSE of £222,000 on 18th November 2019. For the value to have increased from £222,000 to £338,071 over the seven years and seven months to April 2026, the following assumptions must hold true:

• The value of 7 WOODHEAD CLOSE has moved in line with the HPI for detached houses in the Oldham local authority area.
• The November 2019 sale price of £222,000 represented a fair market value for the property.
• The size, condition, and specification of 7 WOODHEAD CLOSE has not materially changed since November 2019.

How Large is 7 WOODHEAD CLOSE?

7 WOODHEAD CLOSE is 109m², which includes one extension, according to the EPC inspection conducted in February 2019. This puts it in the smallest 40% of detached houses houses in Lees, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lees, and where 7 WOODHEAD CLOSE lies on this distribution: 38% of detached houses houses are smaller than 7 WOODHEAD CLOSE, and 61% of houses are larger. Note that EPC data is not available for all properties in Lees.

7 WOODHEAD CLOSE: Plot and Title Map

7 WOODHEAD CLOSE sits on a plot of roughly 0.883 of an acre, or 3,573m². The below map shows the location of 7 WOODHEAD 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 WOODHEAD 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 WOODHEAD CLOSE?

7 WOODHEAD CLOSE is located in LEES, in the OL4 postcode district. The below map shows the position of No. 7 on WOODHEAD CLOSE.