2, MILLS FARM CLOSE, OLDHAM, OL8 2RW - £119,000

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

2 MILLS FARM CLOSE is a very small semi-detached house of 60m², built sometime between 1991 and 1995. It was last sold for £119,000 in November 2006, which was around 6% below the average November 2006 semi-detached price in the Oldham local authority area. The most recent EPC inspection was July 2010, where the current energy rating was D, and the potential energy rating was C.

2 MILLS FARM CLOSE Sold Prices

Land registry data shows two sales for 2 MILLS FARM CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Oldham local authority area for the corresponding sale date. Both of the two 2 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
2006 3 NOV	£119,000	£126,652	6% below HPI
2000 8 DEC	£40,000	£48,208	17% below HPI

2 MILLS FARM CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Oldham local authority area over time, sourced from the HPI. The two 2 MILLS FARM CLOSE sales from December 2000 and November 2006 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 2000 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the November 2006 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 2 MILLS FARM CLOSE be worth now?

2 MILLS FARM CLOSE might now be worth an estimated £210,237.

This is based on house price inflation of 76.7%, between November 2006 and December 2024, for semi-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 76.7% inflationary increase is applied to the most recent sale price for 2 MILLS FARM CLOSE of £119,000 on 3rd November 2006. For the value to have increased from £119,000 to £210,237 over the seventeen years and eleven months to December 2024, the following assumptions must hold true:

• The value of 2 MILLS FARM CLOSE has moved in line with the HPI for semi-detached houses in the Oldham local authority area.
• The November 2006 sale price of £119,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MILLS FARM CLOSE has not materially changed since November 2006.

How Large is 2 MILLS FARM CLOSE?

2 MILLS FARM CLOSE is 60m² according to the EPC inspection conducted in July 2010. This puts it in the smallest 10% of semi-detached houses houses in Oldham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Oldham, and where 2 MILLS FARM CLOSE lies on this distribution: 3% of semi-detached houses houses are smaller than 2 MILLS FARM CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Oldham.

2 MILLS FARM CLOSE: Plot and Title Map

2 MILLS FARM CLOSE sits on a plot of roughly 1.1 acres, or 4,494m². The below map shows the location of 2 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 2 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 2 MILLS FARM CLOSE?

2 MILLS FARM CLOSE is located in OLDHAM, in the OL8 postcode district. The below map shows the position of No. 2 on MILLS FARM CLOSE.