5, RIDINGFOLD LANE, WORSLEY, MANCHESTER, M28 2PY - £350,000

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 RIDINGFOLD LANE is a very small detached house of 60m², built sometime between 1967 and 1975. It was last sold for £350,000 in March 2022, which was around 14% below the average March 2022 detached price in the Salford local authority area. The most recent EPC inspection was May 2019, where the current energy rating was D, and the potential energy rating was C.

5 RIDINGFOLD LANE Sold Prices

Land registry data shows two sales for 5 RIDINGFOLD LANE 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 5 RIDINGFOLD LANE 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
2022 25 MAR	£350,000	£406,492	14% below HPI
2020 28 JAN	£235,000	£303,739	23% below HPI

5 RIDINGFOLD LANE 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 5 RIDINGFOLD LANE sales from January 2020 and March 2022 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 January 2020 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the March 2022 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 5 RIDINGFOLD LANE?

5 RIDINGFOLD LANE is 60m² according to the EPC inspection conducted in May 2019. This puts it in the smallest 10% of detached houses in Worsley, based on EPC data. The below chart shows the distribution of detached houses by size in Worsley, and where 5 RIDINGFOLD LANE lies on this distribution: 1% of detached houses are smaller than 5 RIDINGFOLD LANE, and 99% of houses are larger. Note that EPC data is not available for all properties in Worsley.

5 RIDINGFOLD LANE: Plot and Title Map

5 RIDINGFOLD LANE sits on a plot of roughly 4.1 acres, or 16,702m². The below map shows the location of 5 RIDINGFOLD LANE, 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 RIDINGFOLD LANE). 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 RIDINGFOLD LANE?

5 RIDINGFOLD LANE is located in WORSLEY, in the M28 postcode district. The below map shows the position of No. 5 on RIDINGFOLD LANE.