3, DAVIDS LANE, SPRINGHEAD, OLDHAM, OL4 4RZ - £241,500

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.

3 DAVIDS LANE is a very small detached house of 64m², built sometime between 1967 and 1975, which could now be worth an estimated £262,305. It was last sold for £241,500 in November 2022, which was around 27% below the average November 2022 detached price in the Oldham local authority area. The most recent EPC inspection was June 2014, where the current energy rating was E, and the potential energy rating was B.

3 DAVIDS LANE Sold Prices

Land registry data shows three sales for 3 DAVIDS LANE 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. All of the three 3 DAVIDS LANE 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 18 NOV	£241,500	£332,943	27% below HPI
2020 7 AUG	£168,000	£250,349	33% below HPI
1997 7 FEB	£65,000	£71,899	10% below HPI

3 DAVIDS LANE 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 3 DAVIDS LANE sales between February 1997 and November 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 2020 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the November 2022 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 3 DAVIDS LANE be worth now?

3 DAVIDS LANE might now be worth an estimated £262,305.

This is based on house price inflation of 8.6%, between November 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 8.6% inflationary increase is applied to the most recent sale price for 3 DAVIDS LANE of £241,500 on 18th November 2022. For the value to have increased from £241,500 to £262,305 over the three years and nine months to February 2025, the following assumptions must hold true:

• The value of 3 DAVIDS LANE has moved in line with the HPI for detached houses in the Oldham local authority area.
• The November 2022 sale price of £241,500 represented a fair market value for the property.
• The size, condition, and specification of 3 DAVIDS LANE has not materially changed since November 2022.

How Large is 3 DAVIDS LANE?

3 DAVIDS LANE is 64m² according to the EPC inspection conducted in June 2014. This puts it in the smallest 10% of detached houses houses in Lees, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lees, and where 3 DAVIDS LANE lies on this distribution: 3% of detached houses houses are smaller than 3 DAVIDS LANE, and 97% of houses are larger. Note that EPC data is not available for all properties in Lees.

3 DAVIDS LANE: Plot and Title Map

3 DAVIDS LANE sits on a plot of roughly 0.079 of an acre, or 321m². The below map shows the location of 3 DAVIDS LANE, 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 3 DAVIDS LANE). 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 3 DAVIDS LANE?

3 DAVIDS LANE is located in SPRINGHEAD, in the OL4 postcode district. The below map shows the position of No. 3 on DAVIDS LANE.