7, DAVIDS LANE, SPRINGHEAD, OLDHAM, OL4 4RZ - £176,000

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

7 DAVIDS LANE is a very small extended detached house of 87m², built sometime between 1950 and 1966. It was last sold for £176,000 in September 2019, which was around 28% below the average September 2019 detached price in the Oldham local authority area. The most recent EPC inspection was April 2024, where the current energy rating was C, and the potential energy rating was B.

7 DAVIDS LANE Sold Prices

Land registry data shows two sales for 7 DAVIDS LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Oldham local authority area for the corresponding sale date. One of the two 7 DAVIDS LANE sales was for below the average price, whilst the other 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
2019 20 SEP	£176,000	£243,884	28% below HPI
2004 8 OCT	£210,000	£152,237	38% above HPI

7 DAVIDS 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 two 7 DAVIDS LANE sales from October 2004 and September 2019 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 October 2004 sale was for 38% above the HPI. So the extrapolation line tracks at 38% above the HPI over time, until the September 2019 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 7 DAVIDS LANE?

7 DAVIDS LANE is 87m², which includes one extension, according to the EPC inspection conducted in April 2024. This puts it in the smallest 20% of detached houses in Lees, based on EPC data. The below chart shows the distribution of detached houses by size in Lees, and where 7 DAVIDS LANE lies on this distribution: 17% of detached houses are smaller than 7 DAVIDS LANE, and 82% of houses are larger. Note that EPC data is not available for all properties in Lees.

7 DAVIDS LANE: Plot and Title Map

7 DAVIDS LANE sits on a plot of roughly 0.074 of an acre, or 299m². The below map shows the location of 7 DAVIDS 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 7 DAVIDS 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 7 DAVIDS LANE?

7 DAVIDS LANE is located in SPRINGHEAD, in the OL4 postcode district. The below map shows the position of No. 7 on DAVIDS LANE.