THE LAURELS, OLD CROFT, SPRINGHEAD, OLDHAM, OL4 4RX - £310,000

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

THE LAURELS is a small detached house of 98m², built sometime between 2003 and 2006. It was last sold for £310,000 in September 2021, which was around 7% above the average September 2021 detached price in the Oldham local authority area. The most recent EPC inspection was August 2014, where the current energy rating was C, and the potential energy rating was B.

THE LAURELS Sold Prices

Land registry data shows five sales for THE LAURELS since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Oldham local authority area for the corresponding sale date. All of the five THE LAURELS 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
2021 14 SEP	£310,000	£290,337	7% above HPI
2015 9 JAN	£195,000	£190,495	2% above HPI
2006 1 DEC	£235,000	£204,079	15% above HPI
2003 28 NOV	£199,500	£122,237	63% above HPI
1996 11 SEP	£85,000	£72,195	18% above HPI

THE LAURELS 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 five THE LAURELS sales between September 1996 and September 2021 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 January 2015 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the September 2021 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

How Large is THE LAURELS?

THE LAURELS is 98m² according to the EPC inspection conducted in August 2014. This puts it in the smallest 30% of detached houses in Lees, based on EPC data. The below chart shows the distribution of detached houses by size in Lees, and where THE LAURELS lies on this distribution: 26% of detached houses are smaller than THE LAURELS, and 73% of houses are larger. Note that EPC data is not available for all properties in Lees.

THE LAURELS: Plot and Title Map

THE LAURELS sits on a plot of roughly 0.064 of an acre, or 258m². The below map shows the location of THE LAURELS, 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 THE LAURELS). 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 THE LAURELS?

THE LAURELS is located on OLD CROFT in SPRINGHEAD, in the OL4 postcode district. The below map shows the position of THE LAURELS on OLD CROFT.