1, New Bank Close
1, New Bank Close
Description & Estimates
1, New Bank Close, Oldham appears in the public record as a leasehold house.
By comparing it to nearby properties, we estimate it to be a modern house with 1,380 ft2 of internal area and a garden.
Locally, houses of this size normally have 4 bedrooms.
Our estimate of the sale value of 1, New Bank Close, Oldham is £737,305 and its rental estimate is £2,145 per month, given the available information and assuming reasonable condition.
New Bank Close, Dobcross, Oldham, OL3 falls within the OL3 postal district, in the borough of Oldham.
Our Data Sources
1, New Bank Close, Oldham has 21 entries in the Land Registry , most recently in March 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 1, New Bank Close, Oldham, we estimate a market value of £774,170 and a rental value of £2,253 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £685,693 and £1,995 per month respectively.
Recent Market Change
Over the last year, 1, New Bank Close, Oldham has seen its estimated sale value rise by £7,550 (1.0%) and its estimated rental value move up by £36 per month (1.7%). This results in an estimated gross rental yield of 3.5%.
Sold Prices
The most recent sale of 1, New Bank Close, Oldham completed on 30th March 2007 at £487,500 and was recorded by HM Land Registry as a leasehold house.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 53.0% over the period since March 2007.
- Sold Mar 2007£487,500
- Sold Feb 2004£345,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 1, New Bank Close, Oldham have sold within a radius of 1.2 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 25th September 2024, was 25, Bagnall Close, Oldham, OL3 6DW, a freehold house which sold for £635,000.
Read more about house prices in OL3.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 4 addresses on New Bank Close, Dobcross, Oldham, OL3, 1, New Bank Close, Oldham comes out as the 4th largest and the 4th most expensive in our analysis of the public data.
It is also £411k more expensive than the average property across the OL3 district.
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Schools Nearby
- 100mHoly Trinity CofE Dobcross Primary School
- 1.3kmSt Chad's Church of England Primary School
- 1.8kmDelph Primary School
- 1.0kmSaddleworth School
- 3.5kmWaterhead Academy
- 3.9kmMossley Hollins High School
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Public Transport Nearby
From 1, New Bank Close, Oldham, the nearest station is Greenfield, 1.7 kilometres away.
- 1.7kmGreenfield
- 4.7kmMossley (Manchester)
- 8.0kmMarsden (Yorks)
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
