8, WILLOWBANK, RADCLIFFE, MANCHESTER, M26 1YW - £237,500

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.

8 WILLOWBANK is a small extended detached house of 98m², built sometime between 1991 and 1995, which could now be worth an estimated £318,836. It was last sold for £237,500 in May 2020, which was around 18% below the average May 2020 detached price in the Bury local authority area. The most recent EPC inspection was January 2020, where the current energy rating was D, and the potential energy rating was B.

8 WILLOWBANK Sold Prices

Land registry data shows three sales for 8 WILLOWBANK 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. All of the three 8 WILLOWBANK 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
2020 12 MAY	£237,500	£290,670	18% below HPI
2007 11 MAY	£218,000	£224,135	3% below HPI
1998 20 NOV	£83,000	£83,823	1% below HPI

8 WILLOWBANK 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 WILLOWBANK sales between November 1998 and May 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 May 2007 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the May 2020 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 8 WILLOWBANK be worth now?

8 WILLOWBANK might now be worth an estimated £318,836.

This is based on house price inflation of 34.2%, between May 2020 and February 2025, for detached houses, in the Bury local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 34.2% inflationary increase is applied to the most recent sale price for 8 WILLOWBANK of £237,500 on 12th May 2020. For the value to have increased from £237,500 to £318,836 over the five years and three months to February 2025, the following assumptions must hold true:

• The value of 8 WILLOWBANK has moved in line with the HPI for detached houses in the Bury local authority area.
• The May 2020 sale price of £237,500 represented a fair market value for the property.
• The size, condition, and specification of 8 WILLOWBANK has not materially changed since May 2020.

How Large is 8 WILLOWBANK?

8 WILLOWBANK is 98m², which includes one extension, according to the EPC inspection conducted in January 2020. This puts it in the smallest 40% of detached houses houses in Outwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Outwood, and where 8 WILLOWBANK lies on this distribution: 31% of detached houses houses are smaller than 8 WILLOWBANK, and 69% of houses are larger. Note that EPC data is not available for all properties in Outwood.

8 WILLOWBANK: Plot and Title Map

8 WILLOWBANK sits on a plot of roughly 0.066 of an acre, or 266m². The below map shows the location of 8 WILLOWBANK, 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 WILLOWBANK). 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 WILLOWBANK?

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