5, REED CRESCENT, WIGAN, WN3 5JR - £166,000

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 REED CRESCENT is a large detached house of 122m², built sometime between 1950 and 1966, which could now be worth an estimated £257,012. It was last sold for £166,000 in November 2016, which was around 17% below the average November 2016 detached price in the Wigan local authority area. The most recent EPC inspection was October 2024, where the current energy rating was D, and the potential energy rating was B.

5 REED CRESCENT Sold Prices

Land registry data shows two sales for 5 REED CRESCENT since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Wigan local authority area for the corresponding sale date. Both of the two 5 REED CRESCENT 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 2 NOV	£166,000	£199,543	17% below HPI
2014 19 NOV	£139,995	£180,586	22% below HPI

5 REED CRESCENT Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wigan local authority area over time, sourced from the HPI. The two 5 REED CRESCENT sales from November 2014 and November 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 November 2014 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the November 2016 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 5 REED CRESCENT be worth now?

5 REED CRESCENT might now be worth an estimated £257,012.

This is based on house price inflation of 54.8%, between November 2016 and December 2024, for detached houses, in the Wigan local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 54.8% inflationary increase is applied to the most recent sale price for 5 REED CRESCENT of £166,000 on 2nd November 2016. For the value to have increased from £166,000 to £257,012 over the seven years and eleven months to December 2024, the following assumptions must hold true:

• The value of 5 REED CRESCENT has moved in line with the HPI for detached houses in the Wigan local authority area.
• The November 2016 sale price of £166,000 represented a fair market value for the property.
• The size, condition, and specification of 5 REED CRESCENT has not materially changed since November 2016.

How Large is 5 REED CRESCENT?

5 REED CRESCENT is 122m² according to the EPC inspection conducted in October 2024. This puts it in the largest 30% of detached houses houses in Wigan, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wigan, and where 5 REED CRESCENT lies on this distribution: 78% of detached houses houses are smaller than 5 REED CRESCENT, and 22% of houses are larger. Note that EPC data is not available for all properties in Wigan.

5 REED CRESCENT: Plot and Title Map

5 REED CRESCENT sits on a plot of roughly 0.053 of an acre, or 214m². The below map shows the location of 5 REED CRESCENT, 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 REED CRESCENT). 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 REED CRESCENT?

5 REED CRESCENT is located in WIGAN, in the WN3 postcode district. The below map shows the position of No. 5 on REED CRESCENT.