51, RAVENOAK DRIVE, FAILSWORTH, MANCHESTER, M35 9RQ - £260,000

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.

51 RAVENOAK DRIVE is a large extended detached house of 111m², built sometime between 1991 and 1995, which could now be worth an estimated £326,722. It was last sold for £260,000 in August 2021, which was around 10% below the average August 2021 detached price in the Oldham local authority area. The most recent EPC inspection was September 2020, where the current energy rating was C, and the potential energy rating was B.

51 RAVENOAK DRIVE Sold Prices

Land registry data shows three sales for 51 RAVENOAK DRIVE 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 51 RAVENOAK DRIVE 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
2021 2 AUG	£260,000	£287,776	10% below HPI
2005 2 FEB	£139,000	£158,958	13% below HPI
1996 29 MAR	£64,450	£68,893	6% below HPI

51 RAVENOAK DRIVE 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 51 RAVENOAK DRIVE sales between March 1996 and August 2021 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 February 2005 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the August 2021 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 51 RAVENOAK DRIVE be worth now?

51 RAVENOAK DRIVE might now be worth an estimated £326,722.

This is based on house price inflation of 25.7%, between August 2021 and February 2025, 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 25.7% inflationary increase is applied to the most recent sale price for 51 RAVENOAK DRIVE of £260,000 on 2nd August 2021. For the value to have increased from £260,000 to £326,722 over the four years and six months to February 2025, the following assumptions must hold true:

• The value of 51 RAVENOAK DRIVE has moved in line with the HPI for detached houses in the Oldham local authority area.
• The August 2021 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 51 RAVENOAK DRIVE has not materially changed since August 2021.

How Large is 51 RAVENOAK DRIVE?

51 RAVENOAK DRIVE is 111m², which includes two extensions, according to the EPC inspection conducted in September 2020. This puts it in the largest 30% of detached houses houses in Failsworth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Failsworth, and where 51 RAVENOAK DRIVE lies on this distribution: 78% of detached houses houses are smaller than 51 RAVENOAK DRIVE, and 21% of houses are larger. Note that EPC data is not available for all properties in Failsworth.

51 RAVENOAK DRIVE: Plot and Title Map

51 RAVENOAK DRIVE sits on a plot of roughly 0.044 of an acre, or 179m². The below map shows the location of 51 RAVENOAK DRIVE, 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 51 RAVENOAK DRIVE). 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 51 RAVENOAK DRIVE?

51 RAVENOAK DRIVE is located in FAILSWORTH, in the M35 postcode district. The below map shows the position of No. 51 on RAVENOAK DRIVE.