39, THORPE LANE, AUSTERLANDS, OLDHAM, OL4 3QW - £275,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

39 THORPE LANE is a very small detached house of 81m², built sometime before 1900. It was last sold for £275,000 in October 2022, which was around 16% below the average October 2022 detached price in the Oldham local authority area. The most recent EPC inspection was November 2021, where the current energy rating was E, and the potential energy rating was B.

39 THORPE LANE Sold Prices

Land registry data shows three sales for 39 THORPE 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. Two of the three 39 THORPE LANE sales were for below the average price, whilst one was 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
2022 13 OCT	£275,000	£327,199	16% below HPI
2021 15 NOV	£172,500	£297,248	42% below HPI
1999 9 JUL	£86,000	£74,361	16% above HPI

39 THORPE 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 39 THORPE LANE sales between July 1999 and October 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 2021 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the October 2022 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 39 THORPE LANE be worth now?

39 THORPE LANE might now be worth an estimated £292,046.

This is based on house price inflation of 6.2%, between October 2022 and December 2024, 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 6.2% inflationary increase is applied to the most recent sale price for 39 THORPE LANE of £275,000 on 13th October 2022. For the value to have increased from £275,000 to £292,046 over the one year and ten months to December 2024, the following assumptions must hold true:

• The value of 39 THORPE LANE has moved in line with the HPI for detached houses in the Oldham local authority area.
• The October 2022 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 39 THORPE LANE has not materially changed since October 2022.

How Large is 39 THORPE LANE?

39 THORPE LANE is 81m² according to the EPC inspection conducted in November 2021. This puts it in the smallest 20% 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 39 THORPE LANE lies on this distribution: 13% of detached houses houses are smaller than 39 THORPE LANE, and 86% of houses are larger. Note that EPC data is not available for all properties in Lees.

39 THORPE LANE: Plot and Title Map

39 THORPE LANE sits on a plot of roughly 0.040 of an acre, or 162m². The below map shows the location of 39 THORPE 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 39 THORPE 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 39 THORPE LANE?

39 THORPE LANE is located in AUSTERLANDS, in the OL4 postcode district. The below map shows the position of No. 39 on THORPE LANE.