2, MEREBANK CLOSE, ROCHDALE, OL11 5WG - £385,000

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 MEREBANK CLOSE is a very large extended detached house of 196m², built sometime between 1991 and 1995, which could now be worth an estimated £662,140. It was last sold for £385,000 in July 2016, which was around 90% above the average July 2016 detached price in the Rochdale local authority area. The most recent EPC inspection was November 2016, where the current energy rating was D, and the potential energy rating was C.

2 MEREBANK CLOSE Sold Prices

Land registry data shows four sales for 2 MEREBANK CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Rochdale local authority area for the corresponding sale date. All of the four 2 MEREBANK CLOSE sales were 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
2016 13 JUL	£385,000	£202,163	90% above HPI
2013 27 SEP	£380,000	£180,788	110% above HPI
2011 10 JUN	£360,000	£175,840	105% above HPI
2001 25 MAY	£158,995	£86,980	83% above HPI

2 MEREBANK CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rochdale local authority area over time, sourced from the HPI. The four 2 MEREBANK CLOSE sales between May 2001 and July 2016 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 September 2013 sale was for 110% above the HPI. So the extrapolation line tracks at 110% above the HPI over time, until the July 2016 sale, where it falls to 90% above the HPI. The line then continues to track at 90% above the HPI.

What might 2 MEREBANK CLOSE be worth now?

2 MEREBANK CLOSE might now be worth an estimated £662,140.

This is based on house price inflation of 72%, between July 2016 and February 2025, for detached houses, in the Rochdale local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 72% inflationary increase is applied to the most recent sale price for 2 MEREBANK CLOSE of £385,000 on 13th July 2016. For the value to have increased from £385,000 to £662,140 over the nine years and five months to February 2025, the following assumptions must hold true:

• The value of 2 MEREBANK CLOSE has moved in line with the HPI for detached houses in the Rochdale local authority area.
• The July 2016 sale price of £385,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MEREBANK CLOSE has not materially changed since July 2016.

How Large is 2 MEREBANK CLOSE?

2 MEREBANK CLOSE is 196m², which includes one extension, according to the EPC inspection conducted in November 2016. This puts it in the largest 10% of detached houses houses in Rochdale, based on EPC data. The below chart shows the distribution of detached houses houses by size in Rochdale, and where 2 MEREBANK CLOSE lies on this distribution: 92% of detached houses houses are smaller than 2 MEREBANK CLOSE, and 7% of houses are larger. Note that EPC data is not available for all properties in Rochdale.

2 MEREBANK CLOSE: Plot and Title Map

2 MEREBANK CLOSE sits on a plot of roughly 0.113 of an acre, or 456m². The below map shows the location of 2 MEREBANK 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 MEREBANK 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 MEREBANK CLOSE?

2 MEREBANK CLOSE is located in ROCHDALE, in the OL11 postcode district. The below map shows the position of No. 2 on MEREBANK CLOSE.