2, OLD RIVER CLOSE, IRLAM, MANCHESTER, M44 6RD - £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.

2 OLD RIVER CLOSE is a large detached house of 121m², built sometime between 1991 and 1995, which could now be worth an estimated £359,356. It was last sold for £350,000 in October 2022, which was around 20% below the average October 2022 detached price in the Salford local authority area. The most recent EPC inspection was January 2017, where the current energy rating was D, and the potential energy rating was C.

2 OLD RIVER CLOSE Sold Prices

Land registry data shows four sales for 2 OLD RIVER CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Salford local authority area for the corresponding sale date. Most of the four 2 OLD RIVER 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
2022 10 OCT	£350,000	£437,969	20% below HPI
2018 11 JUN	£263,000	£280,786	6% below HPI
2016 23 SEP	£240,000	£252,174	5% below HPI
1995 3 JAN	£88,950	£67,448	32% above HPI

2 OLD RIVER CLOSE 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 four 2 OLD RIVER CLOSE sales between January 1995 and October 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 June 2018 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the October 2022 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 2 OLD RIVER CLOSE be worth now?

2 OLD RIVER CLOSE might now be worth an estimated £359,356.

This is based on house price inflation of 2.7%, between October 2022 and April 2026, 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 2.7% inflationary increase is applied to the most recent sale price for 2 OLD RIVER CLOSE of £350,000 on 10th October 2022. For the value to have increased from £350,000 to £359,356 over the four years and six months to April 2026, the following assumptions must hold true:

• The value of 2 OLD RIVER CLOSE has moved in line with the HPI for detached houses in the Salford local authority area.
• The October 2022 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 2 OLD RIVER CLOSE has not materially changed since October 2022.

How Large is 2 OLD RIVER CLOSE?

2 OLD RIVER CLOSE is 121m² according to the EPC inspection conducted in January 2017. This puts it in the largest 30% of detached houses houses in Irlam, based on EPC data. The below chart shows the distribution of detached houses houses by size in Irlam, and where 2 OLD RIVER CLOSE lies on this distribution: 76% of detached houses houses are smaller than 2 OLD RIVER CLOSE, and 23% of houses are larger. Note that EPC data is not available for all properties in Irlam.

2 OLD RIVER CLOSE: Plot and Title Map

2 OLD RIVER CLOSE sits on a plot of roughly 0.074 of an acre, or 298m². The below map shows the location of 2 OLD RIVER 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 2 OLD RIVER 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 2 OLD RIVER CLOSE?

2 OLD RIVER CLOSE is located in IRLAM, in the M44 postcode district. The below map shows the position of No. 2 on OLD RIVER CLOSE.