7, SUMMERSHADES LANE, GRASSCROFT, OLDHAM, OL4 4ED - £300,000

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 SUMMERSHADES LANE is a very small detached house of 94m², built sometime between 1930 and 1949. It was last sold for £300,000 in August 2013, which was around 61% above the average August 2013 detached price in the Oldham local authority area. The most recent EPC inspection was February 2011, where the current energy rating was C, and the potential energy rating was C.

7 SUMMERSHADES LANE Sold Prices

Land registry data shows two sales for 7 SUMMERSHADES 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. Both of the two 7 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
2013 22 AUG	£300,000	£186,093	61% above HPI
2008 15 APR	£383,000	£211,211	81% above HPI

7 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 two 7 SUMMERSHADES LANE sales from April 2008 and August 2013 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 April 2008 sale was for 81% above the HPI. So the extrapolation line tracks at 81% above the HPI over time, until the August 2013 sale, where it falls to 61% above the HPI. The line then continues to track at 61% above the HPI.

How Large is 7 SUMMERSHADES LANE?

7 SUMMERSHADES LANE is 94m² according to the EPC inspection conducted in February 2011. 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 7 SUMMERSHADES LANE lies on this distribution: 12% of detached houses are smaller than 7 SUMMERSHADES LANE, and 88% of houses are larger. Note that EPC data is not available for all properties in Grasscroft.

7 SUMMERSHADES LANE: Plot and Title Map

7 SUMMERSHADES LANE sits on a plot of roughly 0.200 of an acre, or 809m². The below map shows the location of 7 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 7 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 7 SUMMERSHADES LANE?

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