2, MARSHAM CLOSE, GROTTON, OLDHAM, OL4 5RB - £225,000

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.

2 MARSHAM CLOSE is a very small detached house of 77m², built sometime between 1950 and 1966, which could now be worth an estimated £461,366. It was last sold for £225,000 in December 2012, which was around 23% above the average December 2012 detached price in the Oldham local authority area. The most recent EPC inspection was June 2014, where the current energy rating was E, and the potential energy rating was C.

2 MARSHAM CLOSE Sold Prices

Land registry data shows one sale for 2 MARSHAM CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the Oldham local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2012 14 DEC	£225,000	£183,133	23% above HPI

What might 2 MARSHAM CLOSE be worth now?

2 MARSHAM CLOSE might now be worth an estimated £461,366.

This is based on house price inflation of 105.1%, between December 2012 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 105.1% inflationary increase is applied to the most recent sale price for 2 MARSHAM CLOSE of £225,000 on 14th December 2012. For the value to have increased from £225,000 to £461,366 over the fourteen years and seven months to May 2026, the following assumptions must hold true:

• The value of 2 MARSHAM CLOSE has moved in line with the HPI for detached houses in the Oldham local authority area.
• The December 2012 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MARSHAM CLOSE has not materially changed since December 2012.

How Large is 2 MARSHAM CLOSE?

2 MARSHAM CLOSE is 77m² according to the EPC inspection conducted in June 2014. This puts it in the smallest 10% of detached houses in Lees, based on EPC data. The below chart shows the distribution of detached houses by size in Lees, and where 2 MARSHAM CLOSE lies on this distribution: 9% of detached houses are smaller than 2 MARSHAM CLOSE, and 91% of detached houses are larger. Note that EPC data is not available for all properties in Lees.

2 MARSHAM CLOSE: Plot

2 MARSHAM CLOSE sits on a plot of roughly 1.5 acres, or 5,907m².

Where is 2 MARSHAM CLOSE?

2 MARSHAM CLOSE is located in GROTTON, in the OL4 postcode district.