554, OLDHAM ROAD, MIDDLETON, MANCHESTER, M24 2EB - £58,000

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.

554 OLDHAM ROAD is a very small terraced house of 63m², built sometime between 1900 and 1929, which could now be worth an estimated £112,671. It was last sold for £58,000 in June 2014, which was around 34% below the average June 2014 terraced price in the Rochdale local authority area. The most recent EPC inspection was March 2014, where the current energy rating was D, and the potential energy rating was B.

554 OLDHAM ROAD Sold Prices

Land registry data shows two sales for 554 OLDHAM 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 Rochdale local authority area for the corresponding sale date. Both of the two 554 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
2014 24 JUN	£58,000	£87,823	34% below HPI
2005 15 JUL	£70,500	£84,488	17% below HPI

554 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 two 554 OLDHAM ROAD sales from July 2005 and June 2014 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 July 2005 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the June 2014 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 554 OLDHAM ROAD be worth now?

554 OLDHAM ROAD might now be worth an estimated £112,671.

This is based on house price inflation of 94.3%, between June 2014 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 94.3% inflationary increase is applied to the most recent sale price for 554 OLDHAM ROAD of £58,000 on 24th June 2014. For the value to have increased from £58,000 to £112,671 over the twelve years and one month to May 2026, the following assumptions must hold true:

• The value of 554 OLDHAM ROAD has moved in line with the HPI for terraced houses in the Rochdale local authority area.
• The June 2014 sale price of £58,000 represented a fair market value for the property.
• The size, condition, and specification of 554 OLDHAM ROAD has not materially changed since June 2014.

How Large is 554 OLDHAM ROAD?

554 OLDHAM ROAD is 63m² according to the EPC inspection conducted in March 2014. This puts it in the smallest 20% of terraced houses in Middleton, based on EPC data. The below chart shows the distribution of terraced houses by size in Middleton, and where 554 OLDHAM ROAD lies on this distribution: 16% of terraced houses are smaller than 554 OLDHAM ROAD, and 83% of terraced houses are larger. Note that EPC data is not available for all properties in Middleton.

Where is 554 OLDHAM ROAD?

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