16, LOVERS LANE, GRASSCROFT, OLDHAM, OL4 4DT - £490,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

16 LOVERS LANE is a very large extended detached house of 246m², built sometime between 1930 and 1949. It was last sold for £490,000 in February 2009, which was around 163% above the average February 2009 detached price in the Oldham local authority area. The most recent EPC inspection was November 2008, where the current energy rating was D, and the potential energy rating was C.

16 LOVERS LANE Sold Prices

Land registry data shows two sales for 16 LOVERS LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Oldham local authority area for the corresponding sale date. Both of the two 16 LOVERS LANE sales were for above 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
2009 27 FEB	£490,000	£186,571	163% above HPI
2001 17 JAN	£287,500	£85,693	236% above HPI

16 LOVERS LANE 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 two 16 LOVERS LANE sales from January 2001 and February 2009 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 January 2001 sale was for 236% above the HPI. So the extrapolation line tracks at 236% above the HPI over time, until the February 2009 sale, where it falls to 163% above the HPI. The line then continues to track at 163% above the HPI.

How Large is 16 LOVERS LANE?

16 LOVERS LANE is 246m², which includes one extension, according to the EPC inspection conducted in November 2008. This puts it in the largest 20% of detached houses in Grasscroft, based on EPC data. The below chart shows the distribution of detached houses by size in Grasscroft, and where 16 LOVERS LANE lies on this distribution: 88% of detached houses are smaller than 16 LOVERS LANE, and 12% of houses are larger. Note that EPC data is not available for all properties in Grasscroft.

16 LOVERS LANE: Plot and Title Map

16 LOVERS LANE sits on a plot of roughly 0.266 of an acre, or 1,075m². The below map shows the location of 16 LOVERS LANE, 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 16 LOVERS LANE). 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 16 LOVERS LANE?

16 LOVERS LANE is located in GRASSCROFT, in the OL4 postcode district. The below map shows the position of No. 16 on LOVERS LANE.