4, REDWATER CLOSE, WORSLEY, MANCHESTER, M28 1UH - £245,000

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.

4 REDWATER CLOSE is a very small detached house of 84m², built sometime between 1991 and 1995, which could now be worth an estimated £389,871. It was last sold for £245,000 in January 2017, which was around 7% below the average January 2017 detached price in the Salford local authority area. The most recent EPC inspection was June 2016, where the current energy rating was D, and the potential energy rating was B.

4 REDWATER CLOSE Sold Prices

Land registry data shows two sales for 4 REDWATER CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Salford local authority area for the corresponding sale date. Both of the two 4 REDWATER 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
2017 12 JAN	£245,000	£262,807	7% below HPI
2006 8 SEP	£190,000	£204,184	7% below HPI

4 REDWATER 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 two 4 REDWATER CLOSE sales from September 2006 and January 2017 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 2006 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the January 2017 sale, which was also at 7% below the HPI.

What might 4 REDWATER CLOSE be worth now?

4 REDWATER CLOSE might now be worth an estimated £389,871.

This is based on house price inflation of 59.1%, between January 2017 and March 2025, for detached houses, in the Salford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 59.1% inflationary increase is applied to the most recent sale price for 4 REDWATER CLOSE of £245,000 on 12th January 2017. For the value to have increased from £245,000 to £389,871 over the seven years and ten months to March 2025, the following assumptions must hold true:

• The value of 4 REDWATER CLOSE has moved in line with the HPI for detached houses in the Salford local authority area.
• The January 2017 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 4 REDWATER CLOSE has not materially changed since January 2017.

How Large is 4 REDWATER CLOSE?

4 REDWATER CLOSE is 84m² according to the EPC inspection conducted in June 2016. This puts it in the smallest 10% of detached houses houses in Worsley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Worsley, and where 4 REDWATER CLOSE lies on this distribution: 10% of detached houses houses are smaller than 4 REDWATER CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Worsley.

4 REDWATER CLOSE: Plot and Title Map

4 REDWATER CLOSE sits on a plot of roughly 0.051 of an acre, or 208m². The below map shows the location of 4 REDWATER 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 4 REDWATER 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 4 REDWATER CLOSE?

4 REDWATER CLOSE is located in WORSLEY, in the M28 postcode district. The below map shows the position of No. 4 on REDWATER CLOSE.