Flat 5, 37a, Manchester Old Road, Bury, Greater Manchester, BL9 0TRLocation See map

Flat 5 37a Manchester Old Road is a 650 square foot flat with a valuation of £82,000.

Since the property was last sold in March 2005 for £80,000, its value has risen by £2,000.

Valuation Trends

Sold property prices and home valuation trends over time

Street sold prices

Property Summary

Flat features and location

Flat 5 37a Manchester Old Road is a leasehold flat, built in 2003-2006. A 2019 survey recorded the property as having 650 square feet of floor space and space for 2 bedrooms.

Flat 5, 37a, Manchester Old Road, Bury, Greater Manchester BL9 0TR

Placeholder property location on the map

Sold Prices

Timeline of sold property prices and cost per square foot

Since Flat 5 37a Manchester Old Road's first recorded sale in 2005, the flat's price has not significantly increased or decreased.

During the same period, the price of an average home on Manchester Old Road increased by £43,000 or 3% per year, and the average UK home increased by 5% per year.

  1. Current valuation
    £82,000

    Flat leasehold, £126 per square foot

    + 2%
  2. Sold March 2005
    £80,000

    Flat leasehold new-build, £123 per square foot

Valuation Comparison

Comparison of local and national property prices

House Prices in Manchester Old Road start at £56,000 for the cheapest property on the street, rising to £369,000 for the most expensive.

Flat 5 37a Manchester Old Road is worth 34% less than the £125,000 average property on Manchester Old Road and 73% less than the £300,000 average home in England.

Average Flat Prices in North West England

AREA
VALUE
Difference
£181,000
+ 120.7%
£132,000
+ 61.0%
£122,000
+ 48.8%
£88,000
+ 7.3%
Flat 5 37a Manchester Old Road
£82,000
£82,000
- 0.0%

Cost per square foot valuation

Using local prices per square foot as benchmarks for valuation

When valuing this property, one factor we consider is the average cost per square foot (CPSF) for flats in the area. Based on this metric alone, the property's valuation would be £83,000.

Our valuation is below the £126 to £131 CPSF you would have to pay for a typical flat in Manchester Old Road. Factors such as features and floor level affect CPSF, with past sale prices reflecting these differences.

Area
Cost per sq ft
Difference
Flat 5 37a Manchester Old Road
£126

Energy Efficiency

Energy usage and efficiency compared to the average flat in England and Wales. Figures from a 2019 survey

PROPERTY
Average flat
Business
EPC Rating
Energy efficiency
C
C
Flame
Energy consumption
kWh per year
9,700
12,000
Cloud
CO₂ emissions
Tonnes per year
1.7
2.1

Valuation details

Property valuation details and commonly asked questions

In this section
  • Chevron Forward What condition is the property in?
  • How is the property valuation estimated?
  • Where are the figures sourced?
  • What should I do if the details are incorrect?

What condition is the property in?

At a sale price of £82,000, the property’s cost per square foot suggests it may be more modest in condition or features compared to neighbouring homes.

Making home improvements could increase the cost per square foot to within the £126 to £131 per square foot range we typically see for flats in Manchester Old Road, increasing the property's value.

How is the property valuation estimated?

Every month, our Automated Valuation Model (AVM) determines property values.

Our AVM collects data from reputable sources, like HM Land Registry, and uses the data to estimate what each property is worth.

In our tests, we have found that the sale price of a property falls within our AVM's confidence range in most cases. However, there are scenarios where the valuations are not accurate. For example, if significant alterations have been made to a property recently or if a property is unique with few comparables.

For more details on the workings of our AVM, including its strengths, limitations, and how it measures up to traditional valuation methods, please refer to our guide 'How We Value Property'.

We try to make the valuations as accurate as possible, but they are estimates. When buying or selling property, you should speak to a qualified professional.

Where are the figures sourced?

Sold property prices, and data on property types/tenures, are sourced from the HM Land Registry.

There is a time delay in property sales appearing in HM Land Registry, which can be up to three months.

Other property details, such as energy efficiency, are estimates from a 2019 property survey.

What should I do if the details are incorrect?

We generate all our property valuations programmatically. They cannot be manually edited based on new information, such as evidence of redevelopment.

If sold property prices or property types are incorrect, you should verify them with HM Land Registry. You can notify HM Land Registry of any errors.

If any other property details are incorrect or out-of-date, they will update automatically when next surveyed.

You can verify property details related to energy efficiency.

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