8, LAUNCESTON CLOSE, OLDHAM, OL8 2XE - £150,000

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

8 LAUNCESTON CLOSE is a small detached house of 84m², built sometime between 1991 and 1995. It was last sold for £150,000 in February 2016, which was around 25% below the average February 2016 detached price in the Oldham local authority area. The most recent EPC inspection was June 2010, where the current energy rating was D, and the potential energy rating was D.

8 LAUNCESTON CLOSE Sold Prices

Land registry data shows two sales for 8 LAUNCESTON 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 8 LAUNCESTON 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
2016 29 FEB	£150,000	£201,243	25% below HPI
2001 13 FEB	£72,150	£84,734	15% below HPI

8 LAUNCESTON 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 8 LAUNCESTON CLOSE sales from February 2001 and February 2016 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 2001 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the February 2016 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 8 LAUNCESTON CLOSE?

8 LAUNCESTON CLOSE is 84m² according to the EPC inspection conducted in June 2010. This puts it in the smallest 30% of detached houses in Oldham, based on EPC data. The below chart shows the distribution of detached houses by size in Oldham, and where 8 LAUNCESTON CLOSE lies on this distribution: 23% of detached houses are smaller than 8 LAUNCESTON CLOSE, and 77% of houses are larger. Note that EPC data is not available for all properties in Oldham.

8 LAUNCESTON CLOSE: Plot and Title Map

8 LAUNCESTON CLOSE sits on a plot of roughly 1.3 acres, or 5,063m². The below map shows the location of 8 LAUNCESTON 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 8 LAUNCESTON 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 8 LAUNCESTON CLOSE?

8 LAUNCESTON CLOSE is located in OLDHAM, in the OL8 postcode district. The below map shows the position of No. 8 on LAUNCESTON CLOSE.