2, CIRCULAR ROAD, DENTON, MANCHESTER, M34 6AW - £115,000

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 CIRCULAR ROAD is a very large extended semi-detached house of 114m², built sometime between 1900 and 1929, which could now be worth an estimated £149,227. It was last sold for £115,000 in May 2021, which was around 38% below the average May 2021 semi-detached price in the Tameside local authority area. The most recent EPC inspection was May 2016, where the current energy rating was D, and the potential energy rating was B.

2 CIRCULAR ROAD Sold Prices

Land registry data shows three sales for 2 CIRCULAR ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Tameside local authority area for the corresponding sale date. One of the three 2 CIRCULAR ROAD sales was for below the average price, whilst two 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
2021 14 MAY	£115,000	£185,089	38% below HPI
2003 21 NOV	£89,000	£88,150	1% above HPI
1997 4 JUL	£53,000	£42,550	25% above HPI

2 CIRCULAR ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Tameside local authority area over time, sourced from the HPI. The three 2 CIRCULAR ROAD sales between July 1997 and May 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 November 2003 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the May 2021 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

What might 2 CIRCULAR ROAD be worth now?

2 CIRCULAR ROAD might now be worth an estimated £149,227.

This is based on house price inflation of 29.8%, between May 2021 and May 2026, for semi-detached houses, in the Tameside local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 29.8% inflationary increase is applied to the most recent sale price for 2 CIRCULAR ROAD of £115,000 on 14th May 2021. For the value to have increased from £115,000 to £149,227 over the five years to May 2026, the following assumptions must hold true:

• The value of 2 CIRCULAR ROAD has moved in line with the HPI for semi-detached houses in the Tameside local authority area.
• The May 2021 sale price of £115,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CIRCULAR ROAD has not materially changed since May 2021.

How Large is 2 CIRCULAR ROAD?

2 CIRCULAR ROAD is 114m², which includes two extensions, according to the EPC inspection conducted in May 2016. This puts it in the largest 10% of semi-detached houses in Denton, based on EPC data. The below chart shows the distribution of semi-detached houses by size in Denton, and where 2 CIRCULAR ROAD lies on this distribution: 92% of semi-detached houses are smaller than 2 CIRCULAR ROAD, and 8% of semi-detached houses are larger. Note that EPC data is not available for all properties in Denton.

Where is 2 CIRCULAR ROAD?

2 CIRCULAR ROAD is located in DENTON, in the M34 postcode district.