4, SUMMERSHADES LANE, GRASSCROFT, OLDHAM, OL4 4ED - £495,000

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

4 SUMMERSHADES LANE is a midsized extended detached house of 151m², built sometime between 1950 and 1966, which could now be worth an estimated £521,150. It was last sold for £495,000 in January 2024, which was around 50% above the average January 2024 detached price in the Oldham local authority area. The most recent EPC inspection was April 2023, where the current energy rating was D, and the potential energy rating was C.

4 SUMMERSHADES LANE Sold Prices

Land registry data shows three sales for 4 SUMMERSHADES 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. All of the three 4 SUMMERSHADES 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
2024 31 JAN	£495,000	£330,045	50% above HPI
2014 3 JUN	£280,000	£194,003	44% above HPI
1998 28 AUG	£137,000	£76,142	80% above HPI

4 SUMMERSHADES 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 4 SUMMERSHADES LANE sales between August 1998 and January 2024 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 June 2014 sale was for 44% above the HPI. So the extrapolation line tracks at 44% above the HPI over time, until the January 2024 sale, where it rises to 50% above the HPI. The line then continues to track at 50% above the HPI.

What might 4 SUMMERSHADES LANE be worth now?

4 SUMMERSHADES LANE might now be worth an estimated £521,150.

This is based on house price inflation of 5.3%, between January 2024 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 5.3% inflationary increase is applied to the most recent sale price for 4 SUMMERSHADES LANE of £495,000 on 31st January 2024. For the value to have increased from £495,000 to £521,150 over the one month to December 2024, the following assumptions must hold true:

• The value of 4 SUMMERSHADES LANE has moved in line with the HPI for detached houses in the Oldham local authority area.
• The January 2024 sale price of £495,000 represented a fair market value for the property.
• The size, condition, and specification of 4 SUMMERSHADES LANE has not materially changed since January 2024.

How Large is 4 SUMMERSHADES LANE?

4 SUMMERSHADES LANE is 151m², which includes two extensions, according to the EPC inspection conducted in April 2023. This puts it in the largest 40% of detached houses houses in Grasscroft, based on EPC data. The below chart shows the distribution of detached houses houses by size in Grasscroft, and where 4 SUMMERSHADES LANE lies on this distribution: 59% of detached houses houses are smaller than 4 SUMMERSHADES LANE, and 40% of houses are larger. Note that EPC data is not available for all properties in Grasscroft.

4 SUMMERSHADES LANE: Plot and Title Map

4 SUMMERSHADES LANE sits on a plot of roughly 3.1 acres, or 12,401m². The below map shows the location of 4 SUMMERSHADES 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 4 SUMMERSHADES 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 4 SUMMERSHADES LANE?

4 SUMMERSHADES LANE is located in GRASSCROFT, in the OL4 postcode district. The below map shows the position of No. 4 on SUMMERSHADES LANE.