308, OLDHAM ROAD, MIDDLETON, MANCHESTER, M24 2DP - £65,000

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.

308 OLDHAM ROAD is a midsized extended terraced house of 74m², built sometime between 1930 and 1949, which could now be worth an estimated £111,062. It was last sold for £65,000 in February 2018, which was around 35% below the average February 2018 terraced price in the Rochdale local authority area. The most recent EPC inspection was September 2023, where the current energy rating was C, and the potential energy rating was B.

308 OLDHAM ROAD Sold Prices

Land registry data shows three sales for 308 OLDHAM ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Rochdale local authority area for the corresponding sale date. All of the three 308 OLDHAM ROAD 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
2018 13 FEB	£65,000	£99,849	35% below HPI
2005 6 MAY	£38,000	£81,708	53% below HPI
1995 18 AUG	£30,000	£30,865	3% below HPI

308 OLDHAM ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rochdale local authority area over time, sourced from the HPI. The three 308 OLDHAM ROAD sales between August 1995 and February 2018 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 May 2005 sale was for 53% below the HPI. So the extrapolation line tracks at 53% below the HPI over time, until the February 2018 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 308 OLDHAM ROAD be worth now?

308 OLDHAM ROAD might now be worth an estimated £111,062.

This is based on house price inflation of 70.9%, between February 2018 and May 2026, for terraced houses, in the Rochdale local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 70.9% inflationary increase is applied to the most recent sale price for 308 OLDHAM ROAD of £65,000 on 13th February 2018. For the value to have increased from £65,000 to £111,062 over the seven years and nine months to May 2026, the following assumptions must hold true:

• The value of 308 OLDHAM ROAD has moved in line with the HPI for terraced houses in the Rochdale local authority area.
• The February 2018 sale price of £65,000 represented a fair market value for the property.
• The size, condition, and specification of 308 OLDHAM ROAD has not materially changed since February 2018.

How Large is 308 OLDHAM ROAD?

308 OLDHAM ROAD is 74m², which includes one extension, according to the EPC inspection conducted in September 2023. This puts it in the smallest 50% of terraced houses in Middleton, based on EPC data. The below chart shows the distribution of terraced houses by size in Middleton, and where 308 OLDHAM ROAD lies on this distribution: 44% of terraced houses are smaller than 308 OLDHAM ROAD, and 53% of terraced houses are larger. Note that EPC data is not available for all properties in Middleton.

Where is 308 OLDHAM ROAD?

308 OLDHAM ROAD is located in MIDDLETON, in the M24 postcode district.