253, PARK ROAD, OLDHAM, OL4 1RT - £300,000

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.

253 PARK ROAD is a very large terraced house of 176m², built sometime between 1900 and 1929, which could now be worth an estimated £373,083. It was last sold for £300,000 in February 2022, which was around 107% above the average February 2022 terraced price in the Oldham local authority area. The most recent EPC inspection was July 2021, where the current energy rating was D, and the potential energy rating was B.

253 PARK ROAD Sold Prices

Land registry data shows two sales for 253 PARK ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Oldham local authority area for the corresponding sale date. One of the two 253 PARK ROAD 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
2022 18 FEB	£300,000	£144,944	107% above HPI
2001 17 AUG	£30,000	£36,153	17% below HPI

253 PARK ROAD 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 two 253 PARK ROAD sales from August 2001 and February 2022 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 August 2001 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the February 2022 sale, where it rises to 107% above the HPI. The line then continues to track at 107% above the HPI.

What might 253 PARK ROAD be worth now?

253 PARK ROAD might now be worth an estimated £373,083.

This is based on house price inflation of 24.4%, between February 2022 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 24.4% inflationary increase is applied to the most recent sale price for 253 PARK ROAD of £300,000 on 18th February 2022. For the value to have increased from £300,000 to £373,083 over the three years and nine months to May 2026, the following assumptions must hold true:

• The value of 253 PARK ROAD has moved in line with the HPI for terraced houses in the Oldham local authority area.
• The February 2022 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 253 PARK ROAD has not materially changed since February 2022.

How Large is 253 PARK ROAD?

253 PARK ROAD is 176m² according to the EPC inspection conducted in July 2021. This puts it in the largest 10% of terraced houses in Oldham, based on EPC data. The below chart shows the distribution of terraced houses by size in Oldham, and where 253 PARK ROAD lies on this distribution: 98% of terraced houses are smaller than 253 PARK ROAD, and 2% of terraced houses are larger. Note that EPC data is not available for all properties in Oldham.

Where is 253 PARK ROAD?

253 PARK ROAD is located in OLDHAM, in the OL4 postcode district.