2, MELBOURNE CLOSE, HORWICH, BOLTON, BL6 6DL - £162,500

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 MELBOURNE CLOSE is a very small detached house of 81m², built sometime between 1967 and 1975, which could now be worth an estimated £263,906. It was last sold for £162,500 in July 2007, which was around 28% below the average July 2007 detached price in the Bolton local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was B.

2 MELBOURNE CLOSE Sold Prices

Land registry data shows two sales for 2 MELBOURNE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Bolton local authority area for the corresponding sale date. Both of the two 2 MELBOURNE CLOSE sales were 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
2007 13 JUL	£162,500	£225,901	28% below HPI
2002 15 NOV	£90,000	£115,715	22% below HPI

2 MELBOURNE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bolton local authority area over time, sourced from the HPI. The two 2 MELBOURNE CLOSE sales from November 2002 and July 2007 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 November 2002 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the July 2007 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 2 MELBOURNE CLOSE be worth now?

2 MELBOURNE CLOSE might now be worth an estimated £263,906.

This is based on house price inflation of 62.4%, between July 2007 and March 2025, for detached houses, in the Bolton local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 62.4% inflationary increase is applied to the most recent sale price for 2 MELBOURNE CLOSE of £162,500 on 13th July 2007. For the value to have increased from £162,500 to £263,906 over the eighteen years and four months to March 2025, the following assumptions must hold true:

• The value of 2 MELBOURNE CLOSE has moved in line with the HPI for detached houses in the Bolton local authority area.
• The July 2007 sale price of £162,500 represented a fair market value for the property.
• The size, condition, and specification of 2 MELBOURNE CLOSE has not materially changed since July 2007.

How Large is 2 MELBOURNE CLOSE?

2 MELBOURNE CLOSE is 81m² according to the EPC inspection conducted in March 2018. This puts it in the smallest 20% of detached houses houses in Horwich, based on EPC data. The below chart shows the distribution of detached houses houses by size in Horwich, and where 2 MELBOURNE CLOSE lies on this distribution: 11% of detached houses houses are smaller than 2 MELBOURNE CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Horwich.

2 MELBOURNE CLOSE: Plot and Title Map

2 MELBOURNE CLOSE sits on a plot of roughly 0.098 of an acre, or 396m². The below map shows the location of 2 MELBOURNE 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 MELBOURNE 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 MELBOURNE CLOSE?

2 MELBOURNE CLOSE is located in HORWICH, in the BL6 postcode district. The below map shows the position of No. 2 on MELBOURNE CLOSE.