4, LAUNCESTON CLOSE, OLDHAM, OL8 2XE - £124,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

4 LAUNCESTON CLOSE is a large detached house of 120m², built sometime between 1991 and 1995. It was last sold for £124,000 in February 2017, which was around 43% below the average February 2017 detached price in the Oldham local authority area. The most recent EPC inspection was July 2015, where the current energy rating was C, and the potential energy rating was B.

4 LAUNCESTON CLOSE Sold Prices

Land registry data shows three sales for 4 LAUNCESTON 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 4 LAUNCESTON CLOSE 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
2017 28 FEB	£124,000	£215,993	43% below HPI
2004 6 AUG	£120,000	£152,497	21% below HPI
2001 20 JUL	£68,950	£88,507	22% below HPI

4 LAUNCESTON 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 4 LAUNCESTON CLOSE sales between July 2001 and February 2017 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 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the February 2017 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

How Large is 4 LAUNCESTON CLOSE?

4 LAUNCESTON CLOSE is 120m² according to the EPC inspection conducted in July 2015. 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 4 LAUNCESTON CLOSE lies on this distribution: 72% of detached houses are smaller than 4 LAUNCESTON CLOSE, and 26% of houses are larger. Note that EPC data is not available for all properties in Oldham.

4 LAUNCESTON CLOSE: Plot and Title Map

4 LAUNCESTON CLOSE sits on a plot of roughly 1.3 acres, or 5,063m². The below map shows the location of 4 LAUNCESTON 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 4 LAUNCESTON 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 4 LAUNCESTON CLOSE?

4 LAUNCESTON CLOSE is located in OLDHAM, in the OL8 postcode district. The below map shows the position of No. 4 on LAUNCESTON CLOSE.