3, OAKWOOD DRIVE, SALFORD, M6 7NQ - £245,000

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 OAKWOOD DRIVE is a very small extended detached house of 73m², built sometime between 1950 and 1966, which could now be worth an estimated £240,195. It was last sold for £245,000 in November 2022, which was around 44% below the average November 2022 detached price in the Salford local authority area. The most recent EPC inspection was December 2019, where the current energy rating was D, and the potential energy rating was B.

3 OAKWOOD DRIVE Sold Prices

Land registry data shows two sales for 3 OAKWOOD DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Salford local authority area for the corresponding sale date. Both of the two 3 OAKWOOD DRIVE 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 16 NOV	£245,000	£441,403	44% below HPI
2006 27 NOV	£157,500	£205,007	23% below HPI

3 OAKWOOD DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Salford local authority area over time, sourced from the HPI. The two 3 OAKWOOD DRIVE sales from November 2006 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 November 2006 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the November 2022 sale, where it falls to 44% below the HPI. The line then continues to track at 44% below the HPI.

What might 3 OAKWOOD DRIVE be worth now?

3 OAKWOOD DRIVE might now be worth an estimated £240,195.

This is based on house price deflation of 2%, between November 2022 and February 2025, for detached houses, in the Salford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2% deflationary decrease is applied to the most recent sale price for 3 OAKWOOD DRIVE of £245,000 on 16th November 2022. For the value to have decreased from £245,000 to £240,195 over the three years and nine months to February 2025, the following assumptions must hold true:

• The value of 3 OAKWOOD DRIVE has moved in line with the HPI for detached houses in the Salford local authority area.
• The November 2022 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 3 OAKWOOD DRIVE has not materially changed since November 2022.

How Large is 3 OAKWOOD DRIVE?

3 OAKWOOD DRIVE is 73m², which includes one extension, according to the EPC inspection conducted in December 2019. This puts it in the smallest 10% of detached houses houses in Salford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Salford, and where 3 OAKWOOD DRIVE lies on this distribution: 9% of detached houses houses are smaller than 3 OAKWOOD DRIVE, and 91% of houses are larger. Note that EPC data is not available for all properties in Salford.

3 OAKWOOD DRIVE: Plot and Title Map

3 OAKWOOD DRIVE sits on a plot of roughly 0.053 of an acre, or 215m². The below map shows the location of 3 OAKWOOD DRIVE, 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 OAKWOOD DRIVE). 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 OAKWOOD DRIVE?

3 OAKWOOD DRIVE is located in SALFORD, in the M6 postcode district. The below map shows the position of No. 3 on OAKWOOD DRIVE.