16, MEDLOCK DRIVE, OLDHAM, OL8 2TZ - £182,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

16 MEDLOCK DRIVE is a very small extended detached house of 80m², built sometime between 1991 and 1995. It was last sold for £182,500 in June 2012, which was around 1% above the average June 2012 detached price in the Oldham local authority area. The most recent EPC inspection was June 2023, where the current energy rating was D, and the potential energy rating was B.

16 MEDLOCK DRIVE Sold Prices

Land registry data shows three sales for 16 MEDLOCK DRIVE 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 16 MEDLOCK DRIVE 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
2012 8 JUN	£182,500	£180,150	1% above HPI
2007 3 OCT	£220,000	£211,637	4% above HPI
1995 25 OCT	£73,500	£68,175	8% above HPI

16 MEDLOCK DRIVE 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 16 MEDLOCK DRIVE sales between October 1995 and June 2012 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 October 2007 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the June 2012 sale, where it falls to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 16 MEDLOCK DRIVE be worth now?

16 MEDLOCK DRIVE might now be worth an estimated £352,014.

This is based on house price inflation of 92.9%, between June 2012 and December 2024, 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 92.9% inflationary increase is applied to the most recent sale price for 16 MEDLOCK DRIVE of £182,500 on 8th June 2012. For the value to have increased from £182,500 to £352,014 over the eleven years and six months to December 2024, the following assumptions must hold true:

• The value of 16 MEDLOCK DRIVE has moved in line with the HPI for detached houses in the Oldham local authority area.
• The June 2012 sale price of £182,500 represented a fair market value for the property.
• The size, condition, and specification of 16 MEDLOCK DRIVE has not materially changed since June 2012.

How Large is 16 MEDLOCK DRIVE?

16 MEDLOCK DRIVE is 80m², which includes one extension, according to the EPC inspection conducted in June 2023. This puts it in the smallest 20% 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 16 MEDLOCK DRIVE lies on this distribution: 19% of detached houses houses are smaller than 16 MEDLOCK DRIVE, and 80% of houses are larger. Note that EPC data is not available for all properties in Oldham.

16 MEDLOCK DRIVE: Plot and Title Map

16 MEDLOCK DRIVE sits on a plot of roughly 4.7 acres, or 19,037m². The below map shows the location of 16 MEDLOCK DRIVE, 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 MEDLOCK DRIVE). 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 MEDLOCK DRIVE?

16 MEDLOCK DRIVE is located in OLDHAM, in the OL8 postcode district. The below map shows the position of No. 16 on MEDLOCK DRIVE.