2, MERE BANK CLOSE, WORSLEY, MANCHESTER, M28 0AS - £265,000

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 MERE BANK CLOSE is a small extended detached house of 95m², built sometime between 1983 and 1990, which could now be worth an estimated £350,692. It was last sold for £265,000 in September 2020, which was around 16% below the average September 2020 detached price in the Salford local authority area. The most recent EPC inspection was October 2017, where the current energy rating was D, and the potential energy rating was C.

2 MERE BANK CLOSE Sold Prices

Land registry data shows three sales for 2 MERE BANK 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 Salford local authority area for the corresponding sale date. Two of the three 2 MERE BANK 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 8 SEP	£265,000	£316,018	16% below HPI
2007 19 NOV	£184,995	£224,530	18% below HPI
2003 24 JUN	£147,500	£130,553	13% above HPI

2 MERE BANK CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Salford local authority area over time, sourced from the HPI. The three 2 MERE BANK CLOSE sales between June 2003 and September 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 November 2007 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the September 2020 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 2 MERE BANK CLOSE be worth now?

2 MERE BANK CLOSE might now be worth an estimated £350,692.

This is based on house price inflation of 32.3%, between September 2020 and March 2025, for detached houses, in the Salford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 32.3% inflationary increase is applied to the most recent sale price for 2 MERE BANK CLOSE of £265,000 on 8th September 2020. For the value to have increased from £265,000 to £350,692 over the five years and six months to March 2025, the following assumptions must hold true:

• The value of 2 MERE BANK CLOSE has moved in line with the HPI for detached houses in the Salford local authority area.
• The September 2020 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MERE BANK CLOSE has not materially changed since September 2020.

How Large is 2 MERE BANK CLOSE?

2 MERE BANK CLOSE is 95m², which includes one extension, according to the EPC inspection conducted in October 2017. This puts it in the smallest 30% of detached houses houses in Little Hulton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Little Hulton, and where 2 MERE BANK CLOSE lies on this distribution: 27% of detached houses houses are smaller than 2 MERE BANK CLOSE, and 72% of houses are larger. Note that EPC data is not available for all properties in Little Hulton.

2 MERE BANK CLOSE: Plot and Title Map

2 MERE BANK CLOSE sits on a plot of roughly 0.120 of an acre, or 485m². The below map shows the location of 2 MERE BANK 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 MERE BANK 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 MERE BANK CLOSE?

2 MERE BANK CLOSE is located in WORSLEY, in the M28 postcode district. The below map shows the position of No. 2 on MERE BANK CLOSE.