6, BANKSMAN WAY, PENDLEBURY, MANCHESTER, M27 8WD - £278,500

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.

6 BANKSMAN WAY is a small detached house of 94m², built sometime from 2007 onwards, which could now be worth an estimated £294,865. It was last sold for £278,500 in August 2022, which was around 32% below the average August 2022 detached price in the Salford local authority area. The most recent EPC inspection was December 2011, where the current energy rating was C, and the potential energy rating was C.

6 BANKSMAN WAY Sold Prices

Land registry data shows three sales for 6 BANKSMAN WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Salford local authority area for the corresponding sale date. All of the three 6 BANKSMAN WAY 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 15 AUG	£278,500	£408,728	32% below HPI
2016 5 AUG	£168,000	£248,525	32% below HPI
2007 29 JUN	£185,000	£213,495	13% below HPI

6 BANKSMAN WAY 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 three 6 BANKSMAN WAY sales between June 2007 and August 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 August 2016 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the August 2022 sale, which was also at 32% below the HPI.

What might 6 BANKSMAN WAY be worth now?

6 BANKSMAN WAY might now be worth an estimated £294,865.

This is based on house price inflation of 5.9%, between August 2022 and February 2025, for detached houses, in the Salford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 5.9% inflationary increase is applied to the most recent sale price for 6 BANKSMAN WAY of £278,500 on 15th August 2022. For the value to have increased from £278,500 to £294,865 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of 6 BANKSMAN WAY has moved in line with the HPI for detached houses in the Salford local authority area.
• The August 2022 sale price of £278,500 represented a fair market value for the property.
• The size, condition, and specification of 6 BANKSMAN WAY has not materially changed since August 2022.

How Large is 6 BANKSMAN WAY?

6 BANKSMAN WAY is 94m² according to the EPC inspection conducted in December 2011. This puts it in the smallest 40% of detached houses houses in Pendlebury, based on EPC data. The below chart shows the distribution of detached houses houses by size in Pendlebury, and where 6 BANKSMAN WAY lies on this distribution: 32% of detached houses houses are smaller than 6 BANKSMAN WAY, and 68% of houses are larger. Note that EPC data is not available for all properties in Pendlebury.

6 BANKSMAN WAY: Plot and Title Map

6 BANKSMAN WAY sits on a plot of roughly 0.109 of an acre, or 440m². The below map shows the location of 6 BANKSMAN WAY, 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 6 BANKSMAN WAY). 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 6 BANKSMAN WAY?

6 BANKSMAN WAY is located in PENDLEBURY, in the M27 postcode district. The below map shows the position of No. 6 on BANKSMAN WAY.