5, MERE BANK CLOSE, WORSLEY, MANCHESTER, M28 0AS - £176,000

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

5 MERE BANK CLOSE is a midsized detached house of 112m², built sometime between 1983 and 1990. It was last sold for £176,000 in April 2016, which was around 26% below the average April 2016 detached price in the Salford local authority area. The most recent EPC inspection was April 2023, where the current energy rating was C, and the potential energy rating was B.

5 MERE BANK CLOSE Sold Prices

Land registry data shows three sales for 5 MERE BANK CLOSE 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. All of the three 5 MERE BANK 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
2016 28 APR	£176,000	£237,683	26% below HPI
2011 15 JUL	£183,000	£188,361	3% below HPI
2001 27 JUN	£87,000	£90,909	4% below HPI

5 MERE BANK 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 three 5 MERE BANK CLOSE sales between June 2001 and April 2016 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 July 2011 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the April 2016 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 5 MERE BANK CLOSE?

5 MERE BANK CLOSE is 112m² according to the EPC inspection conducted in April 2023. This puts it in the largest 50% of detached houses in Little Hulton, based on EPC data. The below chart shows the distribution of detached houses by size in Little Hulton, and where 5 MERE BANK CLOSE lies on this distribution: 54% of detached houses are smaller than 5 MERE BANK CLOSE, and 45% of houses are larger. Note that EPC data is not available for all properties in Little Hulton.

5 MERE BANK CLOSE: Plot and Title Map

5 MERE BANK CLOSE sits on a plot of roughly 0.096 of an acre, or 388m². The below map shows the location of 5 MERE BANK 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 5 MERE BANK 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 5 MERE BANK CLOSE?

5 MERE BANK CLOSE is located in WORSLEY, in the M28 postcode district. The below map shows the position of No. 5 on MERE BANK CLOSE.