4, MEDLOCK DRIVE, OLDHAM, OL8 2TZ - £195,000

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.

4 MEDLOCK DRIVE is a very small detached house of 64m², built sometime between 1983 and 1990, which could now be worth an estimated £296,966. It was last sold for £195,000 in November 2019, which was around 21% below the average November 2019 detached price in the Oldham local authority area. The most recent EPC inspection was September 2019, where the current energy rating was C, and the potential energy rating was B.

4 MEDLOCK DRIVE Sold Prices

Land registry data shows one sale for 4 MEDLOCK DRIVE 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
2019 22 NOV	£195,000	£246,580	21% below HPI

What might 4 MEDLOCK DRIVE be worth now?

4 MEDLOCK DRIVE might now be worth an estimated £296,966.

This is based on house price inflation of 52.3%, between November 2019 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 52.3% inflationary increase is applied to the most recent sale price for 4 MEDLOCK DRIVE of £195,000 on 22nd November 2019. For the value to have increased from £195,000 to £296,966 over the seven years and six months to May 2026, the following assumptions must hold true:

• The value of 4 MEDLOCK DRIVE has moved in line with the HPI for detached houses in the Oldham local authority area.
• The November 2019 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of 4 MEDLOCK DRIVE has not materially changed since November 2019.

How Large is 4 MEDLOCK DRIVE?

4 MEDLOCK DRIVE is 64m² according to the EPC inspection conducted in September 2019. This puts it in the smallest 10% of detached houses in Oldham, based on EPC data. The below chart shows the distribution of detached houses by size in Oldham, and where 4 MEDLOCK DRIVE lies on this distribution: 4% of detached houses are smaller than 4 MEDLOCK DRIVE, and 95% of detached houses are larger. Note that EPC data is not available for all properties in Oldham.

4 MEDLOCK DRIVE: Plot

4 MEDLOCK DRIVE sits on a plot of roughly 4.7 acres, or 19,037m².

Where is 4 MEDLOCK DRIVE?

4 MEDLOCK DRIVE is located in OLDHAM, in the OL8 postcode district.