2, OAKFIELD, PRESTWICH, MANCHESTER, M25 0DP - £420,000

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

2 OAKFIELD is a large extended detached house of 160m², built sometime between 1950 and 1966. It was last sold for £420,000 in February 2022, which was around 13% above the average February 2022 detached price in the Bury local authority area. The most recent EPC inspection was May 2016, where the current energy rating was D, and the potential energy rating was C.

2 OAKFIELD Sold Prices

Land registry data shows two sales for 2 OAKFIELD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Bury local authority area for the corresponding sale date. Both of the two 2 OAKFIELD 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
2022 14 FEB	£420,000	£370,057	13% above HPI
2016 16 AUG	£299,995	£252,247	19% above HPI

2 OAKFIELD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bury local authority area over time, sourced from the HPI. The two 2 OAKFIELD sales from August 2016 and February 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 August 2016 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the February 2022 sale, where it falls to 13% above the HPI. The line then continues to track at 13% above the HPI.

How Large is 2 OAKFIELD?

2 OAKFIELD is 160m², which includes two extensions, according to the EPC inspection conducted in May 2016. This puts it in the largest 40% of detached houses in Prestwich, based on EPC data. The below chart shows the distribution of detached houses by size in Prestwich, and where 2 OAKFIELD lies on this distribution: 69% of detached houses are smaller than 2 OAKFIELD, and 31% of houses are larger. Note that EPC data is not available for all properties in Prestwich.

2 OAKFIELD: Plot and Title Map

2 OAKFIELD sits on a plot of roughly 0.144 of an acre, or 581m². The below map shows the location of 2 OAKFIELD, 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 OAKFIELD). 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 OAKFIELD?

2 OAKFIELD is located in PRESTWICH, in the M25 postcode district. The below map shows the position of No. 2 on OAKFIELD.