15, PENRICE CLOSE, RADCLIFFE, MANCHESTER, M26 3UL - £285,000

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

15 PENRICE CLOSE is a very large detached house of 130m², built sometime between 1983 and 1990, which could now be worth an estimated £397,117. It was last sold for £285,000 in October 2018, which was around 1% above the average October 2018 detached price in the Bury local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was C.

15 PENRICE CLOSE Sold Prices

Land registry data shows three sales for 15 PENRICE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Bury local authority area for the corresponding sale date. Two of the three 15 PENRICE CLOSE sales were for above the average price, whilst one was for below 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
2018 5 OCT	£285,000	£282,593	1% above HPI
2016 17 MAY	£218,000	£237,142	8% below HPI
2003 18 AUG	£180,000	£158,826	13% above HPI

15 PENRICE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bury local authority area over time, sourced from the HPI. The three 15 PENRICE CLOSE sales between August 2003 and October 2018 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 May 2016 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the October 2018 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 15 PENRICE CLOSE be worth now?

15 PENRICE CLOSE might now be worth an estimated £397,117.

This is based on house price inflation of 39.3%, between October 2018 and December 2024, for detached houses, in the Bury local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 39.3% inflationary increase is applied to the most recent sale price for 15 PENRICE CLOSE of £285,000 on 5th October 2018. For the value to have increased from £285,000 to £397,117 over the five years and ten months to December 2024, the following assumptions must hold true:

• The value of 15 PENRICE CLOSE has moved in line with the HPI for detached houses in the Bury local authority area.
• The October 2018 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 15 PENRICE CLOSE has not materially changed since October 2018.

How Large is 15 PENRICE CLOSE?

15 PENRICE CLOSE is 130m² according to the EPC inspection conducted in June 2015. This puts it in the largest 20% of detached houses houses in Radcliffe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Radcliffe, and where 15 PENRICE CLOSE lies on this distribution: 82% of detached houses houses are smaller than 15 PENRICE CLOSE, and 17% of houses are larger. Note that EPC data is not available for all properties in Radcliffe.

15 PENRICE CLOSE: Plot and Title Map

15 PENRICE CLOSE sits on a plot of roughly 0.143 of an acre, or 580m². The below map shows the location of 15 PENRICE CLOSE, 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 15 PENRICE CLOSE). 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 15 PENRICE CLOSE?

15 PENRICE CLOSE is located in RADCLIFFE, in the M26 postcode district. The below map shows the position of No. 15 on PENRICE CLOSE.