5, PENRICE CLOSE, RADCLIFFE, MANCHESTER, M26 3UL - £185,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

5 PENRICE CLOSE is a very small extended detached house of 72m², built sometime between 1983 and 1990, which could now be worth an estimated £257,778. It was last sold for £185,000 in October 2018, which was around 35% below the average October 2018 detached price in the Bury local authority area. The most recent EPC inspection was June 2018, where the current energy rating was C, and the potential energy rating was B.

5 PENRICE CLOSE Sold Prices

Land registry data shows two sales for 5 PENRICE 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 Bury local authority area for the corresponding sale date. Both of the two 5 PENRICE 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
2018 26 OCT	£185,000	£282,593	35% below HPI
2014 24 OCT	£155,000	£220,762	30% below HPI

5 PENRICE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bury local authority area over time, sourced from the HPI. The two 5 PENRICE CLOSE sales from October 2014 and October 2018 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 October 2014 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the October 2018 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 5 PENRICE CLOSE be worth now?

5 PENRICE CLOSE might now be worth an estimated £257,778.

This is based on house price inflation of 39.3%, between October 2018 and December 2024, for detached houses, in the Bury local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 39.3% inflationary increase is applied to the most recent sale price for 5 PENRICE CLOSE of £185,000 on 26th October 2018. For the value to have increased from £185,000 to £257,778 over the five years and ten months to December 2024, the following assumptions must hold true:

• The value of 5 PENRICE CLOSE has moved in line with the HPI for detached houses in the Bury local authority area.
• The October 2018 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 5 PENRICE CLOSE has not materially changed since October 2018.

How Large is 5 PENRICE CLOSE?

5 PENRICE CLOSE is 72m², which includes one extension, according to the EPC inspection conducted in June 2018. This puts it in the smallest 20% of detached houses houses in Radcliffe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Radcliffe, and where 5 PENRICE CLOSE lies on this distribution: 10% of detached houses houses are smaller than 5 PENRICE CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Radcliffe.

5 PENRICE CLOSE: Plot and Title Map

5 PENRICE CLOSE sits on a plot of roughly 0.054 of an acre, or 220m². The below map shows the location of 5 PENRICE 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 PENRICE 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 PENRICE CLOSE?

5 PENRICE CLOSE is located in RADCLIFFE, in the M26 postcode district. The below map shows the position of No. 5 on PENRICE CLOSE.