9, MEDLOCK DRIVE, OLDHAM, OL8 2TZ - £170,000

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.

9 MEDLOCK DRIVE is a very small semi-detached house of 66m², built sometime between 1983 and 1990, which could now be worth an estimated £265,309. It was last sold for £170,000 in February 2020, which was around 9% above the average February 2020 semi-detached price in the Oldham local authority area. The most recent EPC inspection was November 2013, where the current energy rating was F, and the potential energy rating was B.

9 MEDLOCK DRIVE Sold Prices

Land registry data shows two sales for 9 MEDLOCK DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Oldham local authority area for the corresponding sale date. One of the two 9 MEDLOCK DRIVE sales was for above the average price, whilst the other was 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
2020 28 FEB	£170,000	£155,639	9% above HPI
2014 6 MAR	£115,000	£116,084	1% below HPI

9 MEDLOCK DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Oldham local authority area over time, sourced from the HPI. The two 9 MEDLOCK DRIVE sales from March 2014 and February 2020 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 2014 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the February 2020 sale, where it rises to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might 9 MEDLOCK DRIVE be worth now?

9 MEDLOCK DRIVE might now be worth an estimated £265,309.

This is based on house price inflation of 56.1%, between February 2020 and May 2026, for semi-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 56.1% inflationary increase is applied to the most recent sale price for 9 MEDLOCK DRIVE of £170,000 on 28th February 2020. For the value to have increased from £170,000 to £265,309 over the five years and nine months to May 2026, the following assumptions must hold true:

• The value of 9 MEDLOCK DRIVE has moved in line with the HPI for semi-detached houses in the Oldham local authority area.
• The February 2020 sale price of £170,000 represented a fair market value for the property.
• The size, condition, and specification of 9 MEDLOCK DRIVE has not materially changed since February 2020.

How Large is 9 MEDLOCK DRIVE?

9 MEDLOCK DRIVE is 66m² according to the EPC inspection conducted in November 2013. This puts it in the smallest 10% of semi-detached houses houses in Oldham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Oldham, and where 9 MEDLOCK DRIVE lies on this distribution: 5% of semi-detached houses houses are smaller than 9 MEDLOCK DRIVE, and 94% of houses are larger. Note that EPC data is not available for all properties in Oldham.

9 MEDLOCK DRIVE: Plot and Title Map

9 MEDLOCK DRIVE sits on a plot of roughly 4.7 acres, or 19,037m². The below map shows the location of 9 MEDLOCK 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 9 MEDLOCK 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 9 MEDLOCK DRIVE?

9 MEDLOCK DRIVE is located in OLDHAM, in the OL8 postcode district. The below map shows the position of No. 9 on MEDLOCK DRIVE.