3, MARGROVE CLOSE, FAILSWORTH, MANCHESTER, M35 9XQ - £295,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

3 MARGROVE CLOSE is a large extended detached house of 122m², built sometime between 1991 and 1995. It was last sold for £295,000 in May 2015, which was around 54% above the average May 2015 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 two sales for 3 MARGROVE CLOSE 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. Both of the two 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
2015 28 MAY	£295,000	£191,173	54% above HPI
2004 20 AUG	£249,950	£152,497	64% 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 two 3 MARGROVE CLOSE sales from August 2004 and May 2015 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 2004 sale was for 64% above the HPI. So the extrapolation line tracks at 64% above the HPI over time, until the May 2015 sale, where it falls to 54% above the HPI. The line then continues to track at 54% above the HPI.

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 in Oldham, based on EPC data. The below chart shows the distribution of detached houses by size in Oldham, and where 3 MARGROVE CLOSE lies on this distribution: 75% of detached 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.