2, MYRTLE BANK, PRESTWICH, MANCHESTER, M25 9XX - £235,000

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

2 MYRTLE BANK is a very small detached house of 79m², built sometime between 1950 and 1966, which could now be worth an estimated £296,197. It was last sold for £235,000 in August 2020, which was around 24% below the average August 2020 detached price in the Bury local authority area. The most recent EPC inspection was August 2018, where the current energy rating was D, and the potential energy rating was B.

2 MYRTLE BANK Sold Prices

Land registry data shows three sales for 2 MYRTLE BANK 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. All of the three 2 MYRTLE BANK 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
2020 6 AUG	£235,000	£309,593	24% below HPI
2005 23 MAR	£175,000	£194,316	10% below HPI
2001 5 OCT	£93,000	£109,615	15% below HPI

2 MYRTLE BANK 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 2 MYRTLE BANK sales between October 2001 and August 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 March 2005 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the August 2020 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 2 MYRTLE BANK be worth now?

2 MYRTLE BANK might now be worth an estimated £296,197.

This is based on house price inflation of 26%, between August 2020 and February 2025, 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 26% inflationary increase is applied to the most recent sale price for 2 MYRTLE BANK of £235,000 on 6th August 2020. For the value to have increased from £235,000 to £296,197 over the five years and six months to February 2025, the following assumptions must hold true:

• The value of 2 MYRTLE BANK has moved in line with the HPI for detached houses in the Bury local authority area.
• The August 2020 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MYRTLE BANK has not materially changed since August 2020.

How Large is 2 MYRTLE BANK?

2 MYRTLE BANK is 79m² according to the EPC inspection conducted in August 2018. This puts it in the smallest 10% of detached houses houses in Prestwich, based on EPC data. The below chart shows the distribution of detached houses houses by size in Prestwich, and where 2 MYRTLE BANK lies on this distribution: 10% of detached houses houses are smaller than 2 MYRTLE BANK, and 90% of houses are larger. Note that EPC data is not available for all properties in Prestwich.

2 MYRTLE BANK: Plot and Title Map

2 MYRTLE BANK sits on a plot of roughly 6.5 acres, or 26,404m². The below map shows the location of 2 MYRTLE BANK, 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 MYRTLE BANK). 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 MYRTLE BANK?

2 MYRTLE BANK is located in PRESTWICH, in the M25 postcode district. The below map shows the position of No. 2 on MYRTLE BANK.