29, DEN LANE, SPRINGHEAD, OLDHAM, OL4 4NN - £140,000

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.

29 DEN LANE is a very small terraced house of 54m², built sometime before 1900, which could now be worth an estimated £167,611. It was last sold for £140,000 in July 2022, which was around 7% below the average July 2022 terraced price in the Oldham local authority area. The most recent EPC inspection was September 2021, where the current energy rating was C, and the potential energy rating was B.

29 DEN LANE Sold Prices

Land registry data shows three sales for 29 DEN LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Oldham local authority area for the corresponding sale date. One of the three 29 DEN LANE sales was for below the average price, whilst two were for above 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 1 JUL	£140,000	£150,560	7% below HPI
2004 23 DEC	£77,500	£71,440	8% above HPI
1998 28 AUG	£40,000	£32,224	24% above HPI

29 DEN 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 three 29 DEN LANE sales between August 1998 and July 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 December 2004 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the July 2022 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 29 DEN LANE be worth now?

29 DEN LANE might now be worth an estimated £167,611.

This is based on house price inflation of 19.7%, between July 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 19.7% inflationary increase is applied to the most recent sale price for 29 DEN LANE of £140,000 on 1st July 2022. For the value to have increased from £140,000 to £167,611 over the four years and two months to May 2026, the following assumptions must hold true:

• The value of 29 DEN LANE has moved in line with the HPI for terraced houses in the Oldham local authority area.
• The July 2022 sale price of £140,000 represented a fair market value for the property.
• The size, condition, and specification of 29 DEN LANE has not materially changed since July 2022.

How Large is 29 DEN LANE?

29 DEN LANE is 54m² according to the EPC inspection conducted in September 2021. This puts it in the smallest 10% of terraced houses in Lees, based on EPC data. The below chart shows the distribution of terraced houses by size in Lees, and where 29 DEN LANE lies on this distribution: 5% of terraced houses are smaller than 29 DEN LANE, and 93% of terraced houses are larger. Note that EPC data is not available for all properties in Lees.

Where is 29 DEN LANE?

29 DEN LANE is located in SPRINGHEAD, in the OL4 postcode district.