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

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 REED CRESCENT is a small extended detached house of 91m², built sometime between 1950 and 1966. It was last sold for £166,000 in November 2016, which was around 19% below the average November 2016 detached price in the Wigan local authority area. The most recent EPC inspection was January 2014, 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	£205,304	19% below HPI
2014 19 NOV	£139,995	£185,800	25% 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 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the November 2016 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 5 REED CRESCENT?

5 REED CRESCENT is 91m², which includes one extension, according to the EPC inspection conducted in January 2014. This puts it in the smallest 40% of detached houses in Wigan, based on EPC data. The below chart shows the distribution of detached houses by size in Wigan, and where 5 REED CRESCENT lies on this distribution: 32% of detached houses are smaller than 5 REED CRESCENT, and 68% 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.