28, OLD MILL CLOSE, PENDLEBURY, MANCHESTER, M27 4DW - £165,000

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.

28 OLD MILL CLOSE is a very small terraced house of 72m², built sometime between 1983 and 1990, which could now be worth an estimated £187,508. It was last sold for £165,000 in December 2021, which was around 17% below the average December 2021 terraced price in the Salford local authority area. The most recent EPC inspection was September 2021, where the current energy rating was C, and the potential energy rating was B.

28 OLD MILL CLOSE Sold Prices

Land registry data shows five sales for 28 OLD MILL CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Salford local authority area for the corresponding sale date. The five 28 OLD MILL CLOSE sales were a mix of below the average price, roughly equal to the average price, and 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
2021 2 DEC	£165,000	£198,273	17% below HPI
2018 21 SEP	£135,000	£135,461	Close to HPI
2011 29 JUN	£106,000	£90,732	17% above HPI
2001 27 JUL	£47,000	£38,947	21% above HPI
1997 19 DEC	£44,000	£32,273	36% above HPI

28 OLD MILL CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Salford local authority area over time, sourced from the HPI. The five 28 OLD MILL CLOSE sales between December 1997 and December 2021 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 September 2018 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the December 2021 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 28 OLD MILL CLOSE be worth now?

28 OLD MILL CLOSE might now be worth an estimated £187,508.

This is based on house price inflation of 13.6%, between December 2021 and May 2026, for terraced 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 13.6% inflationary increase is applied to the most recent sale price for 28 OLD MILL CLOSE of £165,000 on 2nd December 2021. For the value to have increased from £165,000 to £187,508 over the five years and seven months to May 2026, the following assumptions must hold true:

• The value of 28 OLD MILL CLOSE has moved in line with the HPI for terraced houses in the Salford local authority area.
• The December 2021 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 28 OLD MILL CLOSE has not materially changed since December 2021.

How Large is 28 OLD MILL CLOSE?

28 OLD MILL CLOSE is 72m² according to the EPC inspection conducted in September 2021. This puts it in the smallest 20% of terraced houses houses in Pendlebury, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Pendlebury, and where 28 OLD MILL CLOSE lies on this distribution: 11% of terraced houses houses are smaller than 28 OLD MILL CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Pendlebury.

28 OLD MILL CLOSE: Plot and Title Map

28 OLD MILL CLOSE sits on a plot of roughly 3.2 acres, or 12,831m². The below map shows the location of 28 OLD MILL 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 28 OLD MILL 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 28 OLD MILL CLOSE?

28 OLD MILL CLOSE is located in PENDLEBURY, in the M27 postcode district. The below map shows the position of No. 28 on OLD MILL CLOSE.