5, SPA LANE, OLDHAM, OL4 5BL - £217,000

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.

5 SPA LANE is a large extended detached house of 139m², built sometime between 1983 and 1990, which could now be worth an estimated £428,289. It was last sold for £217,000 in May 2015, which was around 14% above the average May 2015 detached price in the Oldham local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was C.

5 SPA LANE Sold Prices

Land registry data shows one sale for 5 SPA LANE 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
2015 22 MAY	£217,000	£190,262	14% above HPI

What might 5 SPA LANE be worth now?

5 SPA LANE might now be worth an estimated £428,289.

This is based on house price inflation of 97.4%, between May 2015 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 97.4% inflationary increase is applied to the most recent sale price for 5 SPA LANE of £217,000 on 22nd May 2015. For the value to have increased from £217,000 to £428,289 over the eleven years to May 2026, the following assumptions must hold true:

• The value of 5 SPA LANE has moved in line with the HPI for detached houses in the Oldham local authority area.
• The May 2015 sale price of £217,000 represented a fair market value for the property.
• The size, condition, and specification of 5 SPA LANE has not materially changed since May 2015.

How Large is 5 SPA LANE?

5 SPA LANE is 139m², which includes three extensions, according to the EPC inspection conducted in April 2014. This puts it in the largest 40% of detached houses in Lees, based on EPC data. The below chart shows the distribution of detached houses by size in Lees, and where 5 SPA LANE lies on this distribution: 69% of detached houses are smaller than 5 SPA LANE, and 31% of detached houses are larger. Note that EPC data is not available for all properties in Lees.

5 SPA LANE: Plot

5 SPA LANE sits on a plot of roughly 2.7 acres, or 11,111m².

Where is 5 SPA LANE?

5 SPA LANE is located in OLDHAM, in the OL4 postcode district.