38, REEDLEY DRIVE, WORSLEY, MANCHESTER, M28 7XR - £138,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

38 REEDLEY DRIVE is a very small detached house of 61m², built sometime between 1991 and 1995. It was last sold for £138,000 in January 2012, which was around 27% below the average January 2012 detached price in the Salford local authority area. The most recent EPC inspection was February 2023, where the current energy rating was C, and the potential energy rating was B.

38 REEDLEY DRIVE Sold Prices

Land registry data shows four sales for 38 REEDLEY DRIVE 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. All of the four 38 REEDLEY DRIVE 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
2012 27 JAN	£138,000	£189,487	27% below HPI
2004 30 JAN	£125,000	£154,656	19% below HPI
2003 21 FEB	£102,000	£119,171	14% below HPI
2002 8 FEB	£75,000	£94,452	21% below HPI

38 REEDLEY 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 four 38 REEDLEY DRIVE sales between February 2002 and January 2012 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 January 2004 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the January 2012 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 38 REEDLEY DRIVE?

38 REEDLEY DRIVE is 61m² according to the EPC inspection conducted in February 2023. 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 38 REEDLEY DRIVE lies on this distribution: 1% of detached houses are smaller than 38 REEDLEY DRIVE, and 99% of houses are larger. Note that EPC data is not available for all properties in Walkden.

38 REEDLEY DRIVE: Plot and Title Map

38 REEDLEY DRIVE sits on a plot of roughly 0.204 of an acre, or 825m². The below map shows the location of 38 REEDLEY 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 38 REEDLEY 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 38 REEDLEY DRIVE?

38 REEDLEY DRIVE is located in WORSLEY, in the M28 postcode district. The below map shows the position of No. 38 on REEDLEY DRIVE.