16, MALVERN CLOSE, PRESTWICH, MANCHESTER, M25 1PH - £350,000

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.

16 MALVERN CLOSE is a very small extended detached house of 82m², built sometime between 1930 and 1949, which could now be worth an estimated £373,947. It was last sold for £350,000 in April 2023, which was around 8% below the average April 2023 detached price in the Bury local authority area. The most recent EPC inspection was February 2023, where the current energy rating was C, and the potential energy rating was B.

16 MALVERN CLOSE Sold Prices

Land registry data shows two sales for 16 MALVERN CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Bury local authority area for the corresponding sale date. Both of the two 16 MALVERN CLOSE 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
2023 6 APR	£350,000	£379,422	8% below HPI
2015 23 JUL	£175,000	£226,488	23% below HPI

16 MALVERN CLOSE 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 two 16 MALVERN CLOSE sales from July 2015 and April 2023 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 July 2015 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the April 2023 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 16 MALVERN CLOSE be worth now?

16 MALVERN CLOSE might now be worth an estimated £373,947.

This is based on house price inflation of 6.8%, between April 2023 and May 2026, 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 6.8% inflationary increase is applied to the most recent sale price for 16 MALVERN CLOSE of £350,000 on 6th April 2023. For the value to have increased from £350,000 to £373,947 over the two years and eleven months to May 2026, the following assumptions must hold true:

• The value of 16 MALVERN CLOSE has moved in line with the HPI for detached houses in the Bury local authority area.
• The April 2023 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 16 MALVERN CLOSE has not materially changed since April 2023.

How Large is 16 MALVERN CLOSE?

16 MALVERN CLOSE is 82m², which includes one extension, according to the EPC inspection conducted in February 2023. This puts it in the smallest 10% of detached houses houses in Prestwich, based on EPC data. The below chart shows the distribution of detached houses houses by size in Prestwich, and where 16 MALVERN CLOSE lies on this distribution: 10% of detached houses houses are smaller than 16 MALVERN CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Prestwich.

16 MALVERN CLOSE: Plot and Title Map

16 MALVERN CLOSE sits on a plot of roughly 0.094 of an acre, or 379m². The below map shows the location of 16 MALVERN 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 16 MALVERN 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 16 MALVERN CLOSE?

16 MALVERN CLOSE is located in PRESTWICH, in the M25 postcode district. The below map shows the position of No. 16 on MALVERN CLOSE.