1, LAUNCESTON CLOSE, OLDHAM, OL8 2XE - £138,000

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.

1 LAUNCESTON CLOSE is a very small detached house of 76m², built sometime between 1996 and 2002, which could now be worth an estimated £248,515. It was last sold for £138,000 in November 2016, which was around 34% below the average November 2016 detached price in the Oldham local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was B.

1 LAUNCESTON CLOSE Sold Prices

Land registry data shows three sales for 1 LAUNCESTON 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 1 LAUNCESTON CLOSE 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
2016 18 NOV	£138,000	£208,524	34% below HPI
2003 9 JUL	£84,000	£115,456	27% below HPI
2000 28 JUL	£68,605	£80,434	15% below HPI

1 LAUNCESTON 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 1 LAUNCESTON CLOSE sales between July 2000 and November 2016 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 July 2003 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the November 2016 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 1 LAUNCESTON CLOSE be worth now?

1 LAUNCESTON CLOSE might now be worth an estimated £248,515.

This is based on house price inflation of 80.1%, between November 2016 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 80.1% inflationary increase is applied to the most recent sale price for 1 LAUNCESTON CLOSE of £138,000 on 18th November 2016. For the value to have increased from £138,000 to £248,515 over the ten years and six months to May 2026, the following assumptions must hold true:

• The value of 1 LAUNCESTON CLOSE has moved in line with the HPI for detached houses in the Oldham local authority area.
• The November 2016 sale price of £138,000 represented a fair market value for the property.
• The size, condition, and specification of 1 LAUNCESTON CLOSE has not materially changed since November 2016.

How Large is 1 LAUNCESTON CLOSE?

1 LAUNCESTON CLOSE is 76m² according to the EPC inspection conducted in March 2016. This puts it in the smallest 20% of detached houses in Oldham, based on EPC data. The below chart shows the distribution of detached houses by size in Oldham, and where 1 LAUNCESTON CLOSE lies on this distribution: 13% of detached houses are smaller than 1 LAUNCESTON CLOSE, and 86% of detached houses are larger. Note that EPC data is not available for all properties in Oldham.

Where is 1 LAUNCESTON CLOSE?

1 LAUNCESTON CLOSE is located in OLDHAM, in the OL8 postcode district.