3, MARGROVE CLOSE, FAILSWORTH, MANCHESTER, M35 9XQ - £386,850

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 MARGROVE CLOSE is a large extended detached house of 122m², built sometime between 1991 and 1995, which could now be worth an estimated £426,630. It was last sold for £386,850 in February 2024, which was around 18% above the average February 2024 detached price in the Oldham local authority area. The most recent EPC inspection was January 2014, where the current energy rating was D, and the potential energy rating was B.

3 MARGROVE CLOSE Sold Prices

Land registry data shows three sales for 3 MARGROVE CLOSE 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 MARGROVE CLOSE 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
2024 6 FEB	£386,850	£327,907	18% above HPI
2015 28 MAY	£295,000	£190,262	55% above HPI
2004 20 AUG	£249,950	£151,771	65% above HPI

3 MARGROVE CLOSE 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 MARGROVE CLOSE sales between August 2004 and February 2024 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 May 2015 sale was for 55% above the HPI. So the extrapolation line tracks at 55% above the HPI over time, until the February 2024 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might 3 MARGROVE CLOSE be worth now?

3 MARGROVE CLOSE might now be worth an estimated £426,630.

This is based on house price inflation of 10.3%, between February 2024 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 10.3% inflationary increase is applied to the most recent sale price for 3 MARGROVE CLOSE of £386,850 on 6th February 2024. For the value to have increased from £386,850 to £426,630 over the one year to February 2025, the following assumptions must hold true:

• The value of 3 MARGROVE CLOSE has moved in line with the HPI for detached houses in the Oldham local authority area.
• The February 2024 sale price of £386,850 represented a fair market value for the property.
• The size, condition, and specification of 3 MARGROVE CLOSE has not materially changed since February 2024.

How Large is 3 MARGROVE CLOSE?

3 MARGROVE CLOSE is 122m², which includes two extensions, according to the EPC inspection conducted in January 2014. This puts it in the largest 30% of detached houses houses in Oldham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Oldham, and where 3 MARGROVE CLOSE lies on this distribution: 75% of detached houses houses are smaller than 3 MARGROVE CLOSE, and 24% of houses are larger. Note that EPC data is not available for all properties in Oldham.

3 MARGROVE CLOSE: Plot and Title Map

3 MARGROVE CLOSE sits on a plot of roughly 0.077 of an acre, or 310m². The below map shows the location of 3 MARGROVE 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 3 MARGROVE 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 3 MARGROVE CLOSE?

3 MARGROVE CLOSE is located in FAILSWORTH, in the M35 postcode district. The below map shows the position of No. 3 on MARGROVE CLOSE.