2, ELMWOOD DRIVE, ROYTON, OLDHAM, OL2 5XP - £250,000

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.

2 ELMWOOD DRIVE is a very small detached house of 66m², built sometime between 1967 and 1975, which could now be worth an estimated £289,945. It was last sold for £250,000 in May 2022, which was around 20% below the average May 2022 detached price in the Oldham local authority area. The most recent EPC inspection was November 2021, where the current energy rating was D, and the potential energy rating was B.

2 ELMWOOD DRIVE Sold Prices

Land registry data shows two sales for 2 ELMWOOD DRIVE 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 2 ELMWOOD DRIVE 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
2022 6 MAY	£250,000	£311,806	20% below HPI
1996 6 SEP	£66,500	£71,851	7% below HPI

2 ELMWOOD 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 two 2 ELMWOOD DRIVE sales from September 1996 and May 2022 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 September 1996 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the May 2022 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 2 ELMWOOD DRIVE be worth now?

2 ELMWOOD DRIVE might now be worth an estimated £289,945.

This is based on house price inflation of 16%, between May 2022 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 16% inflationary increase is applied to the most recent sale price for 2 ELMWOOD DRIVE of £250,000 on 6th May 2022. For the value to have increased from £250,000 to £289,945 over the three years and three months to February 2025, the following assumptions must hold true:

• The value of 2 ELMWOOD DRIVE has moved in line with the HPI for detached houses in the Oldham local authority area.
• The May 2022 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ELMWOOD DRIVE has not materially changed since May 2022.

How Large is 2 ELMWOOD DRIVE?

2 ELMWOOD DRIVE is 66m² according to the EPC inspection conducted in November 2021. This puts it in the smallest 10% of detached houses houses in Royton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Royton, and where 2 ELMWOOD DRIVE lies on this distribution: 5% of detached houses houses are smaller than 2 ELMWOOD DRIVE, and 95% of houses are larger. Note that EPC data is not available for all properties in Royton.

2 ELMWOOD DRIVE: Plot and Title Map

2 ELMWOOD DRIVE sits on a plot of roughly 6.5 acres, or 26,489m². The below map shows the location of 2 ELMWOOD 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 2 ELMWOOD 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 2 ELMWOOD DRIVE?

2 ELMWOOD DRIVE is located in ROYTON, in the OL2 postcode district. The below map shows the position of No. 2 on ELMWOOD DRIVE.