8, Oak Gates, Egerton, Bolton, Greater Manchester, BL7 9TQLocation See map

8 Oak Gates is a 1,090 square foot detached house with a valuation of £559,000.

Since the house was last sold in June 2019 for £430,000, its value has risen by £129,000.

Valuation Trends

Sold house prices and home valuation trends over time

Street sold prices

Property Summary

House features, location, and investment performance

8 Oak Gates is a leasehold detached house, built in 1967-1975. A 2012 survey recorded the property as having 1,090 square feet of floor space.

The property was a good investment for its previous owner, who made a £130,000 profit between November 2012 and June 2019.

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8, Oak Gates, Egerton, Bolton, Greater Manchester BL7 9TQ

Placeholder property location on the map

Sold House Prices

Timeline of sold house prices and cost per square foot

Since 8 Oak Gates's first recorded sale in 2012, the house's price has risen by £259,000 or 8% per year.

During the same period, the price of an average home on Oak Gates increased by £207,000 or 6% per year, and the average UK home increased by 7% per year.

  1. Current valuation
    £559,000

    Detached house leasehold, £513 per square foot

    + 30%
  2. Sold June 2019
    £430,000

    Detached house leasehold, £394 per square foot

    + 43%
  3. Sold November 2012
    £300,000

    Detached house leasehold, £275 per square foot

Valuation Comparison

Comparison of local and national house prices

House Prices in Oak Gates start at £445,000 for the cheapest property on the street, rising to £559,000 for the most expensive.

8 Oak Gates is worth 9% more than the £511,000 average property on Oak Gates and 86% more than the £300,000 average home in England.

Average Detached House Prices in North West England

AREA
VALUE
Difference
8 Oak Gates
£559,000
£404,000
- 27.7%
£391,000
- 30.1%
£344,000
- 38.5%
£290,000
- 48.1%
£276,000
- 50.6%

Cost per square foot valuation

Using local prices per square foot as benchmarks for valuation

When valuing this property, one factor we consider is the average cost per square foot (CPSF) for detached houses in the area. Based on this metric alone, the property's valuation would be £430,000.

Our valuation is above the £307 to £482 CPSF you would have to pay for a typical detached house in Oak Gates. Factors such as features and outdoor space affect CPSF, with past sale prices reflecting these differences.

Area
Cost per sq ft
Difference
8 Oak Gates
£513
£395
- 23.1%
- 23.1%

Energy Efficiency

Energy usage and efficiency compared to the average detached house in England and Wales. Figures from a 2012 survey

PROPERTY
Average detached
Business
EPC Rating
Energy efficiency
F
D
Flame
Energy consumption
kWh per year
40,000
25,000
Cloud
CO₂ emissions
Tonnes per year
7.5
4.5

Valuation details

Property valuation details and commonly asked questions

In this section
  • Chevron Forward What condition is the property in?
  • How is the property valuation estimated?
  • Where are the figures sourced?
  • What should I do if the details are incorrect?

What condition is the property in?

At a sale price of £559,000, the property’s cost per square foot indicates a better condition than the neighbouring properties or that it possesses additional features to warrant the higher price.

How is the property valuation estimated?

Every month, our Automated Valuation Model (AVM) determines property values.

Our AVM collects data from reputable sources, like HM Land Registry, and uses the data to estimate what each property is worth.

In our tests, we have found that the sale price of a property falls within our AVM's confidence range in most cases. However, there are scenarios where the valuations are not accurate. For example, if significant alterations have been made to a property recently or if a property is unique with few comparables.

For more details on the workings of our AVM, including its strengths, limitations, and how it measures up to traditional valuation methods, please refer to our guide 'How We Value Property'.

We try to make the valuations as accurate as possible, but they are estimates. When buying or selling property, you should speak to a qualified professional.

Where are the figures sourced?

Sold house prices, and data on property types/tenures, are sourced from the HM Land Registry.

There is a time delay in property sales appearing in HM Land Registry, which can be up to three months.

Other property details, such as energy efficiency, are estimates from a 2012 property survey.

What should I do if the details are incorrect?

We generate all our property valuations programmatically. They cannot be manually edited based on new information, such as evidence of redevelopment.

If sold property prices or property types are incorrect, you should verify them with HM Land Registry. You can notify HM Land Registry of any errors.

If any other property details are incorrect or out-of-date, they will update automatically when next surveyed.

You can verify property details related to energy efficiency.

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