LANE COTTAGE, THORNLEY LANE, GROTTON, OLDHAM, OL4 5RH - £537,500

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.

LANE COTTAGE is a very large extended detached house of 194m², built sometime before 1900, which could now be worth an estimated £1,043,358. It was last sold for £537,500 in April 2013, which was around 189% above the average April 2013 detached price in the Oldham local authority area. The most recent EPC inspection was June 2019, where the current energy rating was D, and the potential energy rating was C.

LANE COTTAGE Sold Prices

Land registry data shows two sales for LANE COTTAGE 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 LANE COTTAGE 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 26 APR	£537,500	£186,244	189% above HPI
1997 4 DEC	£198,000	£73,263	170% above HPI

LANE COTTAGE 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 LANE COTTAGE sales from December 1997 and April 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 December 1997 sale was for 170% above the HPI. So the extrapolation line tracks at 170% above the HPI over time, until the April 2013 sale, where it rises to 189% above the HPI. The line then continues to track at 189% above the HPI.

What might LANE COTTAGE be worth now?

LANE COTTAGE might now be worth an estimated £1,043,358.

This is based on house price inflation of 94.1%, between April 2013 and March 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 94.1% inflationary increase is applied to the most recent sale price for LANE COTTAGE of £537,500 on 26th April 2013. For the value to have increased from £537,500 to £1,043,358 over the twelve years and one month to March 2025, the following assumptions must hold true:

• The value of LANE COTTAGE has moved in line with the HPI for detached houses in the Oldham local authority area.
• The April 2013 sale price of £537,500 represented a fair market value for the property.
• The size, condition, and specification of LANE COTTAGE has not materially changed since April 2013.

How Large is LANE COTTAGE?

LANE COTTAGE is 194m², which includes one extension, according to the EPC inspection conducted in June 2019. This puts it in the largest 10% of detached houses houses in Lees, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lees, and where LANE COTTAGE lies on this distribution: 91% of detached houses houses are smaller than LANE COTTAGE, and 9% of houses are larger. Note that EPC data is not available for all properties in Lees.

LANE COTTAGE: Plot and Title Map

LANE COTTAGE sits on a plot of roughly 0.370 of an acre, or 1,496m². The below map shows the location of LANE COTTAGE, 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 LANE COTTAGE). 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 LANE COTTAGE?

LANE COTTAGE is located on THORNLEY LANE in GROTTON, in the OL4 postcode district. The below map shows the position of LANE COTTAGE on THORNLEY LANE.