2, PENWELL FOLD, OLDHAM, OL1 2UB - £228,000

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 PENWELL FOLD is a very small detached house of 56m², built sometime between 1996 and 2002. It was last sold for £228,000 in January 2020, which was around 8% below the average January 2020 detached price in the Oldham local authority area. The most recent EPC inspection was November 2015, where the current energy rating was A, and the potential energy rating was A.

2 PENWELL FOLD Sold Prices

Land registry data shows two sales for 2 PENWELL FOLD 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. One of the two 2 PENWELL FOLD sales was for below the average price, whilst the other was 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
2020 24 JAN	£228,000	£247,313	8% below HPI
2004 26 MAR	£129,995	£125,025	4% above HPI

2 PENWELL FOLD 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 PENWELL FOLD sales from March 2004 and January 2020 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 March 2004 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the January 2020 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 2 PENWELL FOLD?

2 PENWELL FOLD is 56m² according to the EPC inspection conducted in November 2015. This puts it in the smallest 10% of detached houses in Oldham, based on EPC data. The below chart shows the distribution of detached houses by size in Oldham, and where 2 PENWELL FOLD lies on this distribution: 2% of detached houses are smaller than 2 PENWELL FOLD, and 98% of houses are larger. Note that EPC data is not available for all properties in Oldham.

2 PENWELL FOLD: Plot and Title Map

2 PENWELL FOLD sits on a plot of roughly 7.8 acres, or 31,497m². The below map shows the location of 2 PENWELL FOLD, 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 PENWELL FOLD). 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 PENWELL FOLD?

2 PENWELL FOLD is located in OLDHAM, in the OL1 postcode district. The below map shows the position of No. 2 on PENWELL FOLD.