2, OLD RIVER CLOSE, IRLAM, MANCHESTER, M44 6RD - £350,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 OLD RIVER CLOSE is a large detached house of 121m², built sometime between 1991 and 1995. It was last sold for £350,000 in October 2022, which was around 21% below the average October 2022 detached price in the Salford local authority area. The most recent EPC inspection was January 2017, where the current energy rating was D, and the potential energy rating was C.

2 OLD RIVER CLOSE Sold Prices

Land registry data shows four sales for 2 OLD RIVER 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 Salford local authority area for the corresponding sale date. Most of the four 2 OLD RIVER 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
2022 10 OCT	£350,000	£442,334	21% below HPI
2018 11 JUN	£263,000	£283,584	7% below HPI
2016 23 SEP	£240,000	£254,687	6% below HPI
1995 3 JAN	£88,950	£68,120	31% above HPI

2 OLD RIVER 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 four 2 OLD RIVER CLOSE sales between January 1995 and October 2022 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 2018 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the October 2022 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 2 OLD RIVER CLOSE?

2 OLD RIVER CLOSE is 121m² according to the EPC inspection conducted in January 2017. This puts it in the largest 30% of detached houses in Irlam, based on EPC data. The below chart shows the distribution of detached houses by size in Irlam, and where 2 OLD RIVER CLOSE lies on this distribution: 76% of detached houses are smaller than 2 OLD RIVER CLOSE, and 23% of houses are larger. Note that EPC data is not available for all properties in Irlam.

2 OLD RIVER CLOSE: Plot and Title Map

2 OLD RIVER CLOSE sits on a plot of roughly 0.074 of an acre, or 298m². The below map shows the location of 2 OLD RIVER 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 OLD RIVER 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 OLD RIVER CLOSE?

2 OLD RIVER CLOSE is located in IRLAM, in the M44 postcode district. The below map shows the position of No. 2 on OLD RIVER CLOSE.