8, REEDBANK, RADCLIFFE, MANCHESTER, M26 1YD - £200,000

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

8 REEDBANK is a very large extended detached house of 180m², built sometime between 1996 and 2002. It was last sold for £200,000 in May 2014, which was around 6% below the average May 2014 detached price in the Bury local authority area. The most recent EPC inspection was December 2014, where the current energy rating was C, and the potential energy rating was B.

8 REEDBANK Sold Prices

Land registry data shows three sales for 8 REEDBANK since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Bury local authority area for the corresponding sale date. One of the three 8 REEDBANK sales was for below the average price, whilst two 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
2014 23 MAY	£200,000	£213,759	6% below HPI
2002 21 MAY	£155,000	£124,655	24% above HPI
1995 3 MAY	£89,500	£77,021	16% above HPI

8 REEDBANK Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bury local authority area over time, sourced from the HPI. The three 8 REEDBANK sales between May 1995 and May 2014 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 May 2002 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the May 2014 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 8 REEDBANK?

8 REEDBANK is 180m², which includes one extension, according to the EPC inspection conducted in December 2014. This puts it in the largest 10% of detached houses in Outwood, based on EPC data. The below chart shows the distribution of detached houses by size in Outwood, and where 8 REEDBANK lies on this distribution: 99% of detached houses are smaller than 8 REEDBANK, and 1% of houses are larger. Note that EPC data is not available for all properties in Outwood.

8 REEDBANK: Plot and Title Map

8 REEDBANK sits on a plot of roughly 1.8 acres, or 7,350m². The below map shows the location of 8 REEDBANK, 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 8 REEDBANK). 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 8 REEDBANK?

8 REEDBANK is located in RADCLIFFE, in the M26 postcode district. The below map shows the position of No. 8 on REEDBANK.