3, SPINDLEPOINT DRIVE, WORSLEY, MANCHESTER, M28 7GL - £305,000

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

3 SPINDLEPOINT DRIVE is a very small detached house of 69m², built sometime between 1991 and 1995. It was last sold for £305,000 in December 2021, which was around 26% below the average December 2021 detached price in the Salford local authority area. The most recent EPC inspection was January 2020, where the current energy rating was D, and the potential energy rating was B.

3 SPINDLEPOINT DRIVE Sold Prices

Land registry data shows three sales for 3 SPINDLEPOINT DRIVE 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 3 SPINDLEPOINT DRIVE 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
2021 17 DEC	£305,000	£413,756	26% below HPI
2020 24 MAR	£220,000	£307,475	28% below HPI
1999 12 JUL	£84,000	£79,501	6% above HPI

3 SPINDLEPOINT DRIVE 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 3 SPINDLEPOINT DRIVE sales between July 1999 and December 2021 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 2020 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the December 2021 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 3 SPINDLEPOINT DRIVE?

3 SPINDLEPOINT DRIVE is 69m² according to the EPC inspection conducted in January 2020. This puts it in the smallest 10% of detached houses in Walkden, based on EPC data. The below chart shows the distribution of detached houses by size in Walkden, and where 3 SPINDLEPOINT DRIVE lies on this distribution: 3% of detached houses are smaller than 3 SPINDLEPOINT DRIVE, and 96% of houses are larger. Note that EPC data is not available for all properties in Walkden.

3 SPINDLEPOINT DRIVE: Plot and Title Map

3 SPINDLEPOINT DRIVE sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of 3 SPINDLEPOINT DRIVE, 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 3 SPINDLEPOINT DRIVE). 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 3 SPINDLEPOINT DRIVE?

3 SPINDLEPOINT DRIVE is located in WORSLEY, in the M28 postcode district. The below map shows the position of No. 3 on SPINDLEPOINT DRIVE.