5, SPEY CLOSE, STANDISH, WIGAN, WN6 0RA - £325,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

5 SPEY CLOSE is a very large extended detached house of 154m², built sometime between 1996 and 2002, which could now be worth an estimated £455,605. It was last sold for £325,000 in June 2020, which was around 46% above the average June 2020 detached price in the Wigan local authority area. The most recent EPC inspection was June 2016, where the current energy rating was D, and the potential energy rating was C.

5 SPEY CLOSE Sold Prices

Land registry data shows three sales for 5 SPEY 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 Wigan local authority area for the corresponding sale date. All of the three 5 SPEY CLOSE sales were for above 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
2020 26 JUN	£325,000	£222,114	46% above HPI
2002 28 JUN	£123,000	£96,967	27% above HPI
2000 2 MAY	£97,000	£75,147	29% above HPI

5 SPEY CLOSE 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 three 5 SPEY CLOSE sales between May 2000 and June 2020 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 June 2002 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the June 2020 sale, where it rises to 46% above the HPI. The line then continues to track at 46% above the HPI.

What might 5 SPEY CLOSE be worth now?

5 SPEY CLOSE might now be worth an estimated £455,605.

This is based on house price inflation of 40.2%, between June 2020 and February 2025, 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 40.2% inflationary increase is applied to the most recent sale price for 5 SPEY CLOSE of £325,000 on 26th June 2020. For the value to have increased from £325,000 to £455,605 over the five years and four months to February 2025, the following assumptions must hold true:

• The value of 5 SPEY CLOSE has moved in line with the HPI for detached houses in the Wigan local authority area.
• The June 2020 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 5 SPEY CLOSE has not materially changed since June 2020.

How Large is 5 SPEY CLOSE?

5 SPEY CLOSE is 154m², which includes three extensions, according to the EPC inspection conducted in June 2016. This puts it in the largest 20% of detached houses houses in Standish, based on EPC data. The below chart shows the distribution of detached houses houses by size in Standish, and where 5 SPEY CLOSE lies on this distribution: 83% of detached houses houses are smaller than 5 SPEY CLOSE, and 16% of houses are larger. Note that EPC data is not available for all properties in Standish.

5 SPEY CLOSE: Plot and Title Map

5 SPEY CLOSE sits on a plot of roughly 0.114 of an acre, or 463m². The below map shows the location of 5 SPEY 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 SPEY 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 SPEY CLOSE?

5 SPEY CLOSE is located in STANDISH, in the WN6 postcode district. The below map shows the position of No. 5 on SPEY CLOSE.