5, LOVERS LANE, GRASSCROFT, OLDHAM, OL4 4DP - £232,500

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

5 LOVERS LANE is a very small extended semi-detached house of 94m², built sometime between 1930 and 1949. It was last sold for £232,500 in May 2015, which was around 22% above the average May 2015 detached price in the Oldham local authority area. The most recent EPC inspection was July 2015, where the current energy rating was D, and the potential energy rating was B.

5 LOVERS LANE Sold Prices

Land registry data shows three sales for 5 LOVERS 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 5 LOVERS 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
2015 27 MAY	£232,500	£191,173	22% above HPI
2006 24 JUL	£237,500	£187,426	27% above HPI
2005 25 FEB	£232,500	£159,719	46% above HPI

5 LOVERS 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 5 LOVERS LANE sales between February 2005 and May 2015 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 2006 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the May 2015 sale, where it falls to 22% above the HPI. The line then continues to track at 22% above the HPI.

How Large is 5 LOVERS LANE?

5 LOVERS LANE is 94m², which includes one extension, according to the EPC inspection conducted in July 2015. This puts it in the smallest 20% of detached houses in Grasscroft, based on EPC data. The below chart shows the distribution of detached houses by size in Grasscroft, and where 5 LOVERS LANE lies on this distribution: 13% of detached houses are smaller than 5 LOVERS LANE, and 87% of houses are larger. Note that EPC data is not available for all properties in Grasscroft.

5 LOVERS LANE: Plot and Title Map

5 LOVERS LANE sits on a plot of roughly 0.079 of an acre, or 319m². The below map shows the location of 5 LOVERS 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 5 LOVERS 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 5 LOVERS LANE?

5 LOVERS LANE is located in GRASSCROFT, in the OL4 postcode district. The below map shows the position of No. 5 on LOVERS LANE.