31, PENRICE CLOSE, RADCLIFFE, MANCHESTER, M26 3UL - £215,000

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.

31 PENRICE CLOSE is a large extended terraced house of 119m², built sometime between 2003 and 2006, which could now be worth an estimated £311,285. It was last sold for £215,000 in December 2019, which was around 57% above the average December 2019 terraced price in the Bury local authority area. The most recent EPC inspection was August 2019, where the current energy rating was C, and the potential energy rating was B.

31 PENRICE CLOSE Sold Prices

Land registry data shows two sales for 31 PENRICE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Bury local authority area for the corresponding sale date. Both of the two 31 PENRICE CLOSE sales 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
2019 13 DEC	£215,000	£137,229	57% above HPI
2007 16 NOV	£174,000	£115,396	51% above HPI

31 PENRICE CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Bury local authority area over time, sourced from the HPI. The two 31 PENRICE CLOSE sales from November 2007 and December 2019 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 November 2007 sale was for 51% above the HPI. So the extrapolation line tracks at 51% above the HPI over time, until the December 2019 sale, where it rises to 57% above the HPI. The line then continues to track at 57% above the HPI.

What might 31 PENRICE CLOSE be worth now?

31 PENRICE CLOSE might now be worth an estimated £311,285.

This is based on house price inflation of 44.8%, between December 2019 and May 2026, for terraced 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 44.8% inflationary increase is applied to the most recent sale price for 31 PENRICE CLOSE of £215,000 on 13th December 2019. For the value to have increased from £215,000 to £311,285 over the seven years and seven months to May 2026, the following assumptions must hold true:

• The value of 31 PENRICE CLOSE has moved in line with the HPI for terraced houses in the Bury local authority area.
• The December 2019 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 31 PENRICE CLOSE has not materially changed since December 2019.

How Large is 31 PENRICE CLOSE?

31 PENRICE CLOSE is 119m², which includes one extension, according to the EPC inspection conducted in August 2019. This puts it in the largest 30% of terraced houses houses in Radcliffe, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Radcliffe, and where 31 PENRICE CLOSE lies on this distribution: 74% of terraced houses houses are smaller than 31 PENRICE CLOSE, and 25% of houses are larger. Note that EPC data is not available for all properties in Radcliffe.

31 PENRICE CLOSE: Plot and Title Map

31 PENRICE CLOSE sits on a plot of roughly 0.057 of an acre, or 232m². The below map shows the location of 31 PENRICE 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 31 PENRICE 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 31 PENRICE CLOSE?

31 PENRICE CLOSE is located in RADCLIFFE, in the M26 postcode district. The below map shows the position of No. 31 on PENRICE CLOSE.