16, RAKEWOOD DRIVE, OLDHAM, OL4 2LT - £214,000

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 RAKEWOOD DRIVE is a very small detached house of 77m², built sometime between 1976 and 1982. It was last sold for £214,000 in September 2016, which was around 1% above the average September 2016 detached price in the Oldham local authority area. The most recent EPC inspection was July 2013, where the current energy rating was D, and the potential energy rating was C.

16 RAKEWOOD DRIVE Sold Prices

Land registry data shows three sales for 16 RAKEWOOD 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. One of the three 16 RAKEWOOD DRIVE sales was for above the average price, whilst two 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
2016 14 SEP	£214,000	£211,729	1% above HPI
2015 18 DEC	£187,000	£200,055	7% below HPI
1999 3 MAR	£62,500	£75,058	17% below HPI

16 RAKEWOOD 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 RAKEWOOD DRIVE sales between March 1999 and September 2016 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 December 2015 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the September 2016 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

How Large is 16 RAKEWOOD DRIVE?

16 RAKEWOOD DRIVE is 77m² according to the EPC inspection conducted in July 2013. This puts it in the smallest 20% of detached houses in Oldham, based on EPC data. The below chart shows the distribution of detached houses by size in Oldham, and where 16 RAKEWOOD DRIVE lies on this distribution: 14% of detached houses are smaller than 16 RAKEWOOD DRIVE, and 85% of houses are larger. Note that EPC data is not available for all properties in Oldham.

16 RAKEWOOD DRIVE: Plot and Title Map

16 RAKEWOOD DRIVE sits on a plot of roughly 0.086 of an acre, or 348m². The below map shows the location of 16 RAKEWOOD 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 RAKEWOOD 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 RAKEWOOD DRIVE?

16 RAKEWOOD DRIVE is located in OLDHAM, in the OL4 postcode district. The below map shows the position of No. 16 on RAKEWOOD DRIVE.