14, MILLS FARM CLOSE, OLDHAM, OL8 2RW - £160,000

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.

14 MILLS FARM CLOSE is a small detached house of 83m², built sometime between 1996 and 2002, which could now be worth an estimated £245,746. It was last sold for £160,000 in September 2018, which was around 32% below the average September 2018 detached price in the Oldham local authority area. The most recent EPC inspection was November 2012, where the current energy rating was D, and the potential energy rating was B.

14 MILLS FARM CLOSE Sold Prices

Land registry data shows three sales for 14 MILLS FARM CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Oldham local authority area for the corresponding sale date. All of the three 14 MILLS FARM CLOSE 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 21 SEP	£160,000	£235,447	32% below HPI
2016 20 MAY	£130,000	£199,487	35% below HPI
2000 27 OCT	£59,950	£82,412	27% below HPI

14 MILLS FARM CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Oldham local authority area over time, sourced from the HPI. The three 14 MILLS FARM CLOSE sales between October 2000 and September 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 2016 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the September 2018 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 14 MILLS FARM CLOSE be worth now?

14 MILLS FARM CLOSE might now be worth an estimated £245,746.

This is based on house price inflation of 53.6%, between September 2018 and February 2025, 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 53.6% inflationary increase is applied to the most recent sale price for 14 MILLS FARM CLOSE of £160,000 on 21st September 2018. For the value to have increased from £160,000 to £245,746 over the seven years and seven months to February 2025, the following assumptions must hold true:

• The value of 14 MILLS FARM CLOSE has moved in line with the HPI for detached houses in the Oldham local authority area.
• The September 2018 sale price of £160,000 represented a fair market value for the property.
• The size, condition, and specification of 14 MILLS FARM CLOSE has not materially changed since September 2018.

How Large is 14 MILLS FARM CLOSE?

14 MILLS FARM CLOSE is 83m² according to the EPC inspection conducted in November 2012. This puts it in the smallest 30% of detached houses houses in Oldham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Oldham, and where 14 MILLS FARM CLOSE lies on this distribution: 21% of detached houses houses are smaller than 14 MILLS FARM CLOSE, and 78% of houses are larger. Note that EPC data is not available for all properties in Oldham.

14 MILLS FARM CLOSE: Plot and Title Map

14 MILLS FARM CLOSE sits on a plot of roughly 1.1 acres, or 4,494m². The below map shows the location of 14 MILLS FARM CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 14 MILLS FARM CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 14 MILLS FARM CLOSE?

14 MILLS FARM CLOSE is located in OLDHAM, in the OL8 postcode district. The below map shows the position of No. 14 on MILLS FARM CLOSE.