7, FALKLAND CLOSE, OLDHAM, OL4 2LQ - £307,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

7 FALKLAND CLOSE is a very small detached house of 75m², built sometime between 1976 and 1982. It was last sold for £307,000 in February 2023, which was around 7% below the average February 2023 detached price in the Oldham local authority area. The most recent EPC inspection was September 2022, where the current energy rating was C, and the potential energy rating was B.

7 FALKLAND CLOSE Sold Prices

Land registry data shows two sales for 7 FALKLAND CLOSE 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. Both of the two 7 FALKLAND 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
2023 27 FEB	£307,000	£330,409	7% below HPI
2019 18 OCT	£218,000	£243,732	11% below HPI

7 FALKLAND 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 two 7 FALKLAND CLOSE sales from October 2019 and February 2023 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 2019 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the February 2023 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 7 FALKLAND CLOSE?

7 FALKLAND CLOSE is 75m² according to the EPC inspection conducted in September 2022. This puts it in the smallest 20% of detached houses in Oldham, based on EPC data. The below chart shows the distribution of detached houses by size in Oldham, and where 7 FALKLAND CLOSE lies on this distribution: 11% of detached houses are smaller than 7 FALKLAND CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Oldham.

7 FALKLAND CLOSE: Plot and Title Map

7 FALKLAND CLOSE sits on a plot of roughly 0.121 of an acre, or 491m². The below map shows the location of 7 FALKLAND 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 7 FALKLAND 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 7 FALKLAND CLOSE?

7 FALKLAND CLOSE is located in OLDHAM, in the OL4 postcode district. The below map shows the position of No. 7 on FALKLAND CLOSE.