2, ELMSTONE CLOSE, MANCHESTER, M9 8NQ - £170,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 ELMSTONE CLOSE is a very small semi-detached house of 71m², built sometime between 1996 and 2002, which could now be worth an estimated £241,036. It was last sold for £170,000 in July 2020, which was around 23% below the average July 2020 semi-detached price in the Manchester local authority area. The most recent EPC inspection was November 2019, where the current energy rating was D, and the potential energy rating was B.

2 ELMSTONE CLOSE Sold Prices

Land registry data shows three sales for 2 ELMSTONE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Manchester local authority area for the corresponding sale date. Two of the three 2 ELMSTONE CLOSE sales were for below the average price, whilst one was 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
2020 3 JUL	£170,000	£221,386	23% below HPI
2006 16 JUN	£124,000	£136,735	9% below HPI
2003 12 DEC	£91,000	£88,172	3% above HPI

2 ELMSTONE CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Manchester local authority area over time, sourced from the HPI. The three 2 ELMSTONE CLOSE sales between December 2003 and July 2020 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 June 2006 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the July 2020 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 2 ELMSTONE CLOSE be worth now?

2 ELMSTONE CLOSE might now be worth an estimated £241,036.

This is based on house price inflation of 41.8%, between July 2020 and February 2025, for semi-detached houses, in the Manchester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 41.8% inflationary increase is applied to the most recent sale price for 2 ELMSTONE CLOSE of £170,000 on 3rd July 2020. For the value to have increased from £170,000 to £241,036 over the five years and five months to February 2025, the following assumptions must hold true:

• The value of 2 ELMSTONE CLOSE has moved in line with the HPI for semi-detached houses in the Manchester local authority area.
• The July 2020 sale price of £170,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ELMSTONE CLOSE has not materially changed since July 2020.

How Large is 2 ELMSTONE CLOSE?

2 ELMSTONE CLOSE is 71m² according to the EPC inspection conducted in November 2019. This puts it in the smallest 10% of semi-detached houses houses in Manchester, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Manchester, and where 2 ELMSTONE CLOSE lies on this distribution: 9% of semi-detached houses houses are smaller than 2 ELMSTONE CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Manchester.

2 ELMSTONE CLOSE: Plot and Title Map

2 ELMSTONE CLOSE sits on a plot of roughly 0.043 of an acre, or 176m². The below map shows the location of 2 ELMSTONE 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 2 ELMSTONE 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 2 ELMSTONE CLOSE?

2 ELMSTONE CLOSE is located in MANCHESTER, in the M9 postcode district. The below map shows the position of No. 2 on ELMSTONE CLOSE.