SOUTHMEAD, HORSFORTH LANE, GREENFIELD, OLDHAM, OL3 7HL - £390,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

SOUTHMEAD is a very large detached house of 194m², built sometime between 1967 and 1975, which could now be worth an estimated £683,966. It was last sold for £390,000 in March 2016, which was around 97% above the average March 2016 detached price in the Oldham local authority area. The most recent EPC inspection was March 2015, where the current energy rating was E, and the potential energy rating was C.

SOUTHMEAD Sold Prices

Land registry data shows two sales for SOUTHMEAD 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 SOUTHMEAD 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
2016 4 MAR	£390,000	£198,135	97% above HPI
1996 8 MAR	£110,000	£68,893	60% above HPI

SOUTHMEAD 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 SOUTHMEAD sales from March 1996 and March 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 March 1996 sale was for 60% above the HPI. So the extrapolation line tracks at 60% above the HPI over time, until the March 2016 sale, where it rises to 97% above the HPI. The line then continues to track at 97% above the HPI.

What might SOUTHMEAD be worth now?

SOUTHMEAD might now be worth an estimated £683,966.

This is based on house price inflation of 75.4%, between March 2016 and December 2024, 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 75.4% inflationary increase is applied to the most recent sale price for SOUTHMEAD of £390,000 on 4th March 2016. For the value to have increased from £390,000 to £683,966 over the seven years and three months to December 2024, the following assumptions must hold true:

• The value of SOUTHMEAD has moved in line with the HPI for detached houses in the Oldham local authority area.
• The March 2016 sale price of £390,000 represented a fair market value for the property.
• The size, condition, and specification of SOUTHMEAD has not materially changed since March 2016.

How Large is SOUTHMEAD?

SOUTHMEAD is 194m² according to the EPC inspection conducted in March 2015. This puts it in the largest 20% of detached houses houses in Uppermill, based on EPC data. The below chart shows the distribution of detached houses houses by size in Uppermill, and where SOUTHMEAD lies on this distribution: 84% of detached houses houses are smaller than SOUTHMEAD, and 16% of houses are larger. Note that EPC data is not available for all properties in Uppermill.

SOUTHMEAD: Plot and Title Map

SOUTHMEAD sits on a plot of roughly 0.209 of an acre, or 845m². The below map shows the location of SOUTHMEAD, 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 SOUTHMEAD). 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 SOUTHMEAD?

SOUTHMEAD is located on HORSFORTH LANE in GREENFIELD, in the OL3 postcode district. The below map shows the position of SOUTHMEAD on HORSFORTH LANE.