3, SPENCER LANE, ROCHDALE, OL11 5PE - £294,500

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 SPENCER LANE is a large detached house of 143m², built sometime between 1967 and 1975, which could now be worth an estimated £419,790. It was last sold for £294,500 in August 2020, which was around 21% above the average August 2020 detached price in the Rochdale local authority area. The most recent EPC inspection was April 2017, where the current energy rating was E, and the potential energy rating was C.

3 SPENCER LANE Sold Prices

Land registry data shows two sales for 3 SPENCER LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Rochdale local authority area for the corresponding sale date. Both of the two 3 SPENCER LANE 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
2020 20 AUG	£294,500	£243,918	21% above HPI
2007 27 JUL	£249,000	£206,659	20% above HPI

3 SPENCER LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rochdale local authority area over time, sourced from the HPI. The two 3 SPENCER LANE sales from July 2007 and August 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 July 2007 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the August 2020 sale, where it rises to 21% above the HPI. The line then continues to track at 21% above the HPI.

What might 3 SPENCER LANE be worth now?

3 SPENCER LANE might now be worth an estimated £419,790.

This is based on house price inflation of 42.5%, between August 2020 and February 2025, for detached houses, in the Rochdale local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 42.5% inflationary increase is applied to the most recent sale price for 3 SPENCER LANE of £294,500 on 20th August 2020. For the value to have increased from £294,500 to £419,790 over the five years and six months to February 2025, the following assumptions must hold true:

• The value of 3 SPENCER LANE has moved in line with the HPI for detached houses in the Rochdale local authority area.
• The August 2020 sale price of £294,500 represented a fair market value for the property.
• The size, condition, and specification of 3 SPENCER LANE has not materially changed since August 2020.

How Large is 3 SPENCER LANE?

3 SPENCER LANE is 143m² according to the EPC inspection conducted in April 2017. This puts it in the largest 30% of detached houses houses in Rochdale, based on EPC data. The below chart shows the distribution of detached houses houses by size in Rochdale, and where 3 SPENCER LANE lies on this distribution: 77% of detached houses houses are smaller than 3 SPENCER LANE, and 22% of houses are larger. Note that EPC data is not available for all properties in Rochdale.

3 SPENCER LANE: Plot and Title Map

3 SPENCER LANE sits on a plot of roughly 0.089 of an acre, or 361m². The below map shows the location of 3 SPENCER 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 SPENCER 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 SPENCER LANE?

3 SPENCER LANE is located in ROCHDALE, in the OL11 postcode district. The below map shows the position of No. 3 on SPENCER LANE.