15, SHOLVER LANE, OLDHAM, OL1 4NT - £130,000

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.

15 SHOLVER LANE is a very small terraced house of 65m², built sometime before 1900, which could now be worth an estimated £150,273. It was last sold for £130,000 in August 2023, which was around 17% below the average August 2023 terraced price in the Oldham local authority area. The most recent EPC inspection was May 2023, where the current energy rating was D, and the potential energy rating was C.

15 SHOLVER LANE Sold Prices

Land registry data shows six sales for 15 SHOLVER LANE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average terraced price in the Oldham local authority area for the corresponding sale date. Most of the six 15 SHOLVER LANE 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
2023 8 AUG	£130,000	£155,936	17% below HPI
2019 5 JUL	£87,000	£108,914	20% below HPI
2010 11 MAY	£55,000	£90,480	39% below HPI
2007 27 NOV	£96,500	£105,256	8% below HPI
2005 3 MAY	£77,000	£74,896	3% above HPI
1996 31 OCT	£26,000	£31,260	17% below HPI

15 SHOLVER LANE 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 six 15 SHOLVER LANE sales between October 1996 and August 2023 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 2019 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the August 2023 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 15 SHOLVER LANE be worth now?

15 SHOLVER LANE might now be worth an estimated £150,273.

This is based on house price inflation of 15.6%, between August 2023 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 15.6% inflationary increase is applied to the most recent sale price for 15 SHOLVER LANE of £130,000 on 8th August 2023. For the value to have increased from £130,000 to £150,273 over the three years and three months to May 2026, the following assumptions must hold true:

• The value of 15 SHOLVER LANE has moved in line with the HPI for terraced houses in the Oldham local authority area.
• The August 2023 sale price of £130,000 represented a fair market value for the property.
• The size, condition, and specification of 15 SHOLVER LANE has not materially changed since August 2023.

How Large is 15 SHOLVER LANE?

15 SHOLVER LANE is 65m² according to the EPC inspection conducted in May 2023. This puts it in the smallest 20% of terraced houses in Oldham, based on EPC data. The below chart shows the distribution of terraced houses by size in Oldham, and where 15 SHOLVER LANE lies on this distribution: 16% of terraced houses are smaller than 15 SHOLVER LANE, and 81% of terraced houses are larger. Note that EPC data is not available for all properties in Oldham.

Where is 15 SHOLVER LANE?

15 SHOLVER LANE is located in OLDHAM, in the OL1 postcode district.