THE OLD SMITHY, WERNETH LOW ROAD, HYDE, SK14 3AA - £490,000

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 OLD SMITHY is a very small extended detached house of 88m², built sometime between 2007 and 2011. It was last sold for £490,000 in July 2023, which was around 41% above the average July 2023 detached price in the Tameside local authority area. The most recent EPC inspection was May 2023, where the current energy rating was D, and the potential energy rating was B.

THE OLD SMITHY Sold Prices

Land registry data shows three sales for THE OLD SMITHY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Tameside local authority area for the corresponding sale date. All of the three THE OLD SMITHY 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
2023 19 JUL	£490,000	£347,815	41% above HPI
2020 15 OCT	£410,000	£280,308	46% above HPI
2012 8 AUG	£300,000	£178,551	68% above HPI

THE OLD SMITHY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Tameside local authority area over time, sourced from the HPI. The three THE OLD SMITHY sales between August 2012 and July 2023 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 October 2020 sale was for 46% above the HPI. So the extrapolation line tracks at 46% above the HPI over time, until the July 2023 sale, where it falls to 41% above the HPI. The line then continues to track at 41% above the HPI.

How Large is THE OLD SMITHY?

THE OLD SMITHY is 88m², which includes one extension, according to the EPC inspection conducted in May 2023. This puts it in the smallest 20% of detached houses in Hyde, based on EPC data. The below chart shows the distribution of detached houses by size in Hyde, and where THE OLD SMITHY lies on this distribution: 18% of detached houses are smaller than THE OLD SMITHY, and 81% of houses are larger. Note that EPC data is not available for all properties in Hyde.

THE OLD SMITHY: Plot and Title Map

THE OLD SMITHY sits on a plot of roughly 0.134 of an acre, or 543m². The below map shows the location of THE OLD SMITHY, 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 OLD SMITHY). 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 OLD SMITHY?

THE OLD SMITHY is located on WERNETH LOW ROAD in HYDE, in the SK14 postcode district. The below map shows the position of THE OLD SMITHY on WERNETH LOW ROAD.