8, VORLICH DRIVE, CHADDERTON, OLDHAM, OL9 0NY - £197,500

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.

8 VORLICH DRIVE is a very small terraced house of 68m², built sometime between 1996 and 2002, which could now be worth an estimated £259,490. It was last sold for £197,500 in September 2021, which was around 44% above the average September 2021 terraced price in the Oldham local authority area. The most recent EPC inspection was July 2021, where the current energy rating was C, and the potential energy rating was B.

8 VORLICH DRIVE Sold Prices

Land registry data shows three sales for 8 VORLICH DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Oldham local authority area for the corresponding sale date. All of the three 8 VORLICH 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
2021 30 SEP	£197,500	£137,193	44% above HPI
2006 17 NOV	£154,950	£97,057	60% above HPI
1998 9 OCT	£56,950	£32,555	75% above HPI

8 VORLICH 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 three 8 VORLICH DRIVE sales between October 1998 and September 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 2006 sale was for 60% above the HPI. So the extrapolation line tracks at 60% above the HPI over time, until the September 2021 sale, where it falls to 44% above the HPI. The line then continues to track at 44% above the HPI.

What might 8 VORLICH DRIVE be worth now?

8 VORLICH DRIVE might now be worth an estimated £259,490.

This is based on house price inflation of 31.4%, between September 2021 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 31.4% inflationary increase is applied to the most recent sale price for 8 VORLICH DRIVE of £197,500 on 30th September 2021. For the value to have increased from £197,500 to £259,490 over the five years and four months to May 2026, the following assumptions must hold true:

• The value of 8 VORLICH DRIVE has moved in line with the HPI for terraced houses in the Oldham local authority area.
• The September 2021 sale price of £197,500 represented a fair market value for the property.
• The size, condition, and specification of 8 VORLICH DRIVE has not materially changed since September 2021.

How Large is 8 VORLICH DRIVE?

8 VORLICH DRIVE is 68m² according to the EPC inspection conducted in July 2021. This puts it in the smallest 10% of terraced houses houses in Chadderton, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Chadderton, and where 8 VORLICH DRIVE lies on this distribution: 6% of terraced houses houses are smaller than 8 VORLICH DRIVE, and 94% of houses are larger. Note that EPC data is not available for all properties in Chadderton.

8 VORLICH DRIVE: Plot and Title Map

8 VORLICH DRIVE sits on a plot of roughly 0.043 of an acre, or 175m². The below map shows the location of 8 VORLICH 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 8 VORLICH 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 8 VORLICH DRIVE?

8 VORLICH DRIVE is located in CHADDERTON, in the OL9 postcode district. The below map shows the position of No. 8 on VORLICH DRIVE.