7, MEDLOCK DRIVE, OLDHAM, OL8 2TZ - £120,000

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.

7 MEDLOCK DRIVE is a very small extended terraced house of 59m², built sometime between 1991 and 1995, which could now be worth an estimated £215,658. It was last sold for £120,000 in April 2018, which was around 20% above the average April 2018 terraced price in the Oldham local authority area. The most recent EPC inspection was May 2017, where the current energy rating was D, and the potential energy rating was B.

7 MEDLOCK DRIVE Sold Prices

Land registry data shows one sale for 7 MEDLOCK DRIVE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average terraced 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
2018 13 APR	£120,000	£100,300	20% above HPI

What might 7 MEDLOCK DRIVE be worth now?

7 MEDLOCK DRIVE might now be worth an estimated £215,658.

This is based on house price inflation of 79.7%, between April 2018 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 79.7% inflationary increase is applied to the most recent sale price for 7 MEDLOCK DRIVE of £120,000 on 13th April 2018. For the value to have increased from £120,000 to £215,658 over the seven years and eleven months to May 2026, the following assumptions must hold true:

• The value of 7 MEDLOCK DRIVE has moved in line with the HPI for terraced houses in the Oldham local authority area.
• The April 2018 sale price of £120,000 represented a fair market value for the property.
• The size, condition, and specification of 7 MEDLOCK DRIVE has not materially changed since April 2018.

How Large is 7 MEDLOCK DRIVE?

7 MEDLOCK DRIVE is 59m², which includes one extension, according to the EPC inspection conducted in May 2017. This puts it in the smallest 10% of terraced houses in Oldham, based on EPC data. The below chart shows the distribution of terraced houses by size in Oldham, and where 7 MEDLOCK DRIVE lies on this distribution: 6% of terraced houses are smaller than 7 MEDLOCK DRIVE, and 93% of terraced houses are larger. Note that EPC data is not available for all properties in Oldham.

7 MEDLOCK DRIVE: Plot

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

Where is 7 MEDLOCK DRIVE?

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