Red, Salford
Street in M50 · 176 homes · 182 sales since 1995
Median price per square metre, last 24 months£4,33026 sales · £402 per sq ft
42 sales on Red in the last two years, the latest for £190,000 in August 2026.
HM Land Registry records 182 sales on the street since 1995, across 176 homes. Homes counted in Red sold for a median of £4,330 per square metre.
Median price, 24 months£301,900
£ per m², middle half£4,130 to £4,420
Sales, 24 months4226 with a floor area counted
Typical floor area70 m²
M50 2 median£3,310per m², up 3.6%
Homes on this street
176 addresses · most recent sale first| Address | Type | Size | Last sold | Price | £ / m² | EPC |
|---|---|---|---|---|---|---|
| Apartment 710, Block A, 5 Red | Flat or maisonette | 47 m² | Aug 2026 | £190,000 | £4,040 | B |
| Apartment 603, Block A, 5 Red | Flat or maisonette | 46 m² | Apr 2026 | £179,000 | £3,890 | B |
| Apartment 1606, Block A, 5 Red | Flat or maisonette | 92 m² | Apr 2026 | £400,000 | £4,350 | C |
| Apartment 706, Block A, 5 Red | Flat or maisonette | 48 m² | Mar 2026 | £185,000 | £3,850 | B |
| Apartment 306, Block A, 5 Red | Flat or maisonette | 48 m² | Feb 2026 | £129,500 | £2,700 | B |
| Apartment 108, Block B, 3 Red | Flat or maisonette | 71 m² | Sep 2025 | £103,600 | £1,460 | B |
| Apartment 1408, Block A, 5 Red | Flat or maisonette | 67 m² | Sep 2025 | £296,064 | £4,420 | B |
| Apartment 1007, Block A, 5 Red | Flat or maisonette | 70 m² | Sep 2025 | £315,000 | £4,500 | B |
| Apartment 1302, Block B, 3 Red | Flat or maisonette | 92 m² | Jul 2025 | £380,000 | £4,130 | B |
| Apartment 1006, Block B, 3 Red | Flat or maisonette | 47 m² | Jul 2025 | £52,500 | £1,120 | B |
| Apartment 1208, Block A, 5 Red | Flat or maisonette | 65 m² | Jun 2025 | £322,500 | £4,960 | C |
| Apartment 909, Block A, 5 Red | Flat or maisonette | 70 m² | Jun 2025 | £313,500 | £4,480 | B |
| Apartment 901, Block A, 5 Red | Flat or maisonette | 46 m² | Jun 2025 | £196,200 | £4,270 | B |
| Apartment 1107, Block B, 3 Red | Flat or maisonette | 70 m² | Jun 2025 | £310,000 | £4,430 | B |
| Apartment 709, Block A, 5 Red | Flat or maisonette | 70 m² | May 2025 | £299,500 | £4,280 | B |
| Apartment 1102, Block A, 5 Red | Flat or maisonette | 66 m² | Apr 2025 | £300,000 | £4,550 | B |
| Apartment 1104, Block A, 5 Red | Flat or maisonette | 66 m² | Apr 2025 | £288,250 | £4,370 | B |
| Apartment 808, Block A, 5 Red | Flat or maisonette | 67 m² | Mar 2025 | £312,500 | £4,660 | B |
| Apartment 1009, Block A, 5 Red | Flat or maisonette | 70 m² | Mar 2025 | £299,250 | £4,280 | B |
| Apartment 1308, Block A, 5 Red | Flat or maisonette | 67 m² | Mar 2025 | £308,750 | £4,610 | B |
| Apartment 1108, Block B, 3 Red | Flat or maisonette | 67 m² | Mar 2025 | £290,000 | £4,330 | B |
| Apartment 1108, Block A, 5 Red | Flat or maisonette | 67 m² | Mar 2025 | £304,000 | £4,540 | B |
| Apartment 1107, Block A, 5 Red | Flat or maisonette | 70 m² | Mar 2025 | £304,000 | £4,340 | B |
| Apartment 907, Block A, 5 Red | Flat or maisonette | 70 m² | Mar 2025 | £308,750 | £4,410 | B |
| Apartment 1504, Block A, 5 Red | Flat or maisonette | 66 m² | Mar 2025 | £297,250 | £4,500 | B |
| Apartment 1508, Block A 5 Red | Flat or maisonette | 67 m² | Mar 2025 | £304,000 | £4,540 | B |
| Apartment 1602, Block A, 5 Red | Flat or maisonette | 92 m² | Mar 2025 | £408,500 | £4,440 | B |
| Apartment 1209, Block A, 5 Red | Flat or maisonette | 70 m² | Mar 2025 | £310,750 | £4,440 | B |
| Apartment 1207, Block A, 5 Red | Flat or maisonette | 70 m² | Feb 2025 | £306,250 | £4,380 | B |
| Apartment 1008, Block A, 5 Red | Flat or maisonette | 67 m² | Feb 2025 | £292,750 | £4,370 | B |
| Apartment 1109, Block A, 5 Red | Flat or maisonette | 70 m² | Feb 2025 | £308,500 | £4,410 | B |
| Apartment 908, Block A, 5 Red | Flat or maisonette | 67 m² | Feb 2025 | £290,500 | £4,340 | B |
| Apartment 1303, Block B, 3 Red | Flat or maisonette | 92 m² | Feb 2025 | £382,850 | £4,160 | C |
| Apartment 704, Block A, 5 Red | Flat or maisonette | 66 m² | Feb 2025 | £293,000 | £4,440 | B |
| Apartment 1204, Block B, 3 Red | Flat or maisonette | 65 m² | Jan 2025 | £281,153 | £4,330 | B |
| Apartment 407, Block A, 5 Red | Flat or maisonette | 70 m² | Jan 2025 | £299,950 | £4,290 | B |
| Apartment 707, Block A, 5 Red | Flat or maisonette | 70 m² | Jan 2025 | £288,800 | £4,130 | B |
| Apartment 1209, Block B, 3 Red | Flat or maisonette | 71 m² | Dec 2024 | £310,000 | £4,370 | B |
| Apartment 704, Block B, 3 Red | Flat or maisonette | 65 m² | Dec 2024 | £103,775 | £1,600 | B |
| Apartment 1207, Block B, 3 Red | Flat or maisonette | 70 m² | Nov 2024 | £303,750 | £4,340 | B |
| Apartment 507, Block A, 5 Red | Flat or maisonette | 70 m² | Nov 2024 | £305,000 | £4,360 | B |
| Apartment 1304, Block B, 3 Red | Other | 92 m² | Nov 2024 | £403,000 | £4,380 | C |
| Apartment 1202, Block B, 3 Red | Flat or maisonette | 66 m² | Sep 2024 | £315,000 | £4,770 | B |
| Apartment 1306, Block B, 3 Red | Flat or maisonette | 92 m² | Sep 2024 | £388,031 | £4,220 | C |
| Apartment 108, Block A, 5 Red | Flat or maisonette | 70 m² | Aug 2024 | £310,000 | £4,430 | C |
| Apartment 107, Block A, 5 Red | Flat or maisonette | 67 m² | Aug 2024 | £286,950 | £4,280 | B |
| Apartment 1102, Block B, 3 Red | Semi-detached | 66 m² | Jun 2024 | £300,000 | £4,550 | B |
| Apartment 502, Block A, 5 Red | Flat or maisonette | 66 m² | Jun 2024 | £289,500 | £4,390 | B |
| Apartment 1109, Block B, 3 Red | Flat or maisonette | 71 m² | May 2024 | £330,000 | £4,650 | B |
| Apartment 404, Block A, 5 Red | Flat or maisonette | 66 m² | Apr 2024 | £292,500 | £4,430 | B |
| Apartment 1208, Block B, 3 Red | Flat or maisonette | 67 m² | Mar 2024 | £305,175 | £4,550 | B |
| Apartment 1204, Block A, 5 Red | Flat or maisonette | 66 m² | Mar 2024 | £308,700 | £4,680 | B |
| Apartment 1104, Block B, 3 Red | Flat or maisonette | 65 m² | Feb 2024 | £312,500 | £4,810 | B |
| Apartment 1406, Block A, 5 Red | Flat or maisonette | 48 m² | Jan 2024 | £217,500 | £4,530 | B |
| Apartment 1210, Block B, 3 Red | Flat or maisonette | 47 m² | Jan 2024 | £203,700 | £4,330 | B |
| Apartment 602, Block A, 5 Red | Flat or maisonette | 66 m² | Jan 2024 | £300,000 | £4,550 | B |
| Apartment 1201, Block B, 3 Red | Flat or maisonette | 46 m² | Dec 2023 | £210,000 | £4,570 | B |
| Apartment 402, Block B, 3 Red | Flat or maisonette | 66 m² | Dec 2023 | £71,625 | £1,090 | B |
| Apartment 1205, Block B, 3 Red | Flat or maisonette | 46 m² | Nov 2023 | £215,500 | £4,680 | B |
| Apartment 401, Block B, 3 Red | Flat or maisonette | 46 m² | Nov 2023 | £78,400 | £1,700 | B |
| Apartment 505, Block A, 5 Red | Flat or maisonette | 46 m² | Oct 2023 | £199,500 | £4,340 | B |
| Apartment 1101, Block B, 3 Red | Flat or maisonette | 46 m² | Oct 2023 | £208,500 | £4,530 | B |
| Apartment 1106, Block B, 3 Red | Flat or maisonette | 47 m² | Oct 2023 | £208,650 | £4,440 | B |
| Apartment 807, Block B, 3 Red | Flat or maisonette | 70 m² | Oct 2023 | £79,625 | £1,140 | B |
| Apartment 106, Block A, 5 Red | Flat or maisonette | 70 m² | Sep 2023 | £207,200 | £2,960 | B |
| Apartment 403, Block B, 3 Red | Flat or maisonette | 46 m² | Sep 2023 | £59,700 | £1,300 | B |
| Apartment 104, Block A, 5 Red | Flat or maisonette | 66 m² | Sep 2023 | £195,300 | £2,960 | C |
| Apartment 204, Block A, 5 Red | Flat or maisonette | 66 m² | Aug 2023 | £214,550 | £3,250 | B |
| Apartment 1105, Block B, 3 Red | Flat or maisonette | 46 m² | Aug 2023 | £214,000 | £4,650 | B |
| Apartment 207, Block A, 5 Red | Flat or maisonette | 70 m² | Aug 2023 | £226,450 | £3,240 | B |
| Apartment 209, Block A, 5 Red | Flat or maisonette | 70 m² | Aug 2023 | £229,950 | £3,290 | B |
| Apartment 302, Block A, 5 Red | Flat or maisonette | 66 m² | Aug 2023 | £216,300 | £3,280 | B |
| Apartment 1110, Block B, 3 Red | Flat or maisonette | 47 m² | Aug 2023 | £208,500 | £4,440 | B |
| Apartment 1306, Block A, 5 Red | Flat or maisonette | 48 m² | Aug 2023 | £211,500 | £4,410 | B |
| Apartment 805, Block A, 5 Red | Flat or maisonette | 46 m² | Aug 2023 | £204,000 | £4,430 | B |
| Apartment 408, Block A, 5 Red | Flat or maisonette | 67 m² | Aug 2023 | £302,500 | £4,510 | B |
| Apartment 102, Block A, 5 Red | Flat or maisonette | 66 m² | Aug 2023 | £195,300 | £2,960 | C |
| Apartment 304, Block A, 5 Red | Flat or maisonette | 66 m² | Aug 2023 | £198,800 | £3,010 | B |
| Apartment 1206, Block B, 3 Red | Flat or maisonette | 47 m² | Aug 2023 | £215,500 | £4,590 | B |
| Apartment 1603, Block A, 5 Red | Flat or maisonette | 92 m² | Jul 2023 | £455,000 | £4,950 | C |
| Apartment 1004, Block A, 5 Red | Flat or maisonette | 66 m² | Jul 2023 | £211,050 | £3,200 | B |
| Apartment 109, Block A, 5 Red | Flat or maisonette | 47 m² | Jul 2023 | £199,000 | £4,230 | B |
| Apartment 307, Block A, 5 Red | Flat or maisonette | 70 m² | Jul 2023 | £210,700 | £3,010 | B |
| Apartment 705, Block A, 5 Red | Flat or maisonette | 46 m² | Jul 2023 | £202,500 | £4,400 | B |
| Apartment 906, Block B, 3 Red | Flat or maisonette | 47 m² | Jul 2023 | £62,700 | £1,330 | B |
| Apartment 402, Block A, 5 Red | Flat or maisonette | 66 m² | Jul 2023 | £200,550 | £3,040 | B |
| Apartment 1305, Block A, 5 Red | Flat or maisonette | 46 m² | Jul 2023 | £211,500 | £4,600 | B |
| Apartment 208, Block A, 5 Red | Flat or maisonette | 67 m² | Jun 2023 | £201,950 | £3,010 | B |
| Apartment 308, Block A, 5 Red | Flat or maisonette | 67 m² | Jun 2023 | £221,200 | £3,300 | B |
| Apartment 406, Block A, 5 Red | Flat or maisonette | 48 m² | Jun 2023 | £198,000 | £4,130 | B |
| Apartment 1005, Block A, 5 Red | Flat or maisonette | 46 m² | Jun 2023 | £141,050 | £3,070 | B |
| Apartment 202, Block A, 5 Red | Flat or maisonette | 66 m² | Jun 2023 | £197,050 | £2,990 | B |
| Apartment 301, Block A, 5 Red | Flat or maisonette | 46 m² | Jun 2023 | £138,950 | £3,020 | B |
| Apartment 806, Block A, 5 Red | Flat or maisonette | 48 m² | Jun 2023 | £204,000 | £4,250 | B |
| Apartment 504, Block A, 5 Red | Flat or maisonette | 66 m² | Jun 2023 | £202,300 | £3,070 | B |
| Apartment 1203, Block B, 3 Red | Flat or maisonette | 46 m² | May 2023 | £213,000 | £4,630 | B |
| Apartment 501, Block A, 5 Red | Flat or maisonette | 46 m² | May 2023 | £203,500 | £4,420 | B |
| Apartment 506, Block A, 5 Red | Flat or maisonette | 48 m² | May 2023 | £188,665 | £3,930 | B |
| Apartment 206, Block A, 5 Red | Flat or maisonette | 48 m² | May 2023 | £184,300 | £3,840 | B |
| Apartment 1305, Block B, 3 Red | Flat or maisonette | 92 m² | May 2023 | £430,000 | £4,670 | B |
| Apartment 607, Block A, 5 Red | Flat or maisonette | 70 m² | May 2023 | £342,500 | £4,890 | B |
| Apartment 210, Block A, 5 Red | Flat or maisonette | 47 m² | May 2023 | £137,900 | £2,930 | B |
| Apartment 803, Block A, 5 Red | Flat or maisonette | 46 m² | May 2023 | £205,500 | £4,470 | B |
| Apartment 1601, Block A, 5 Red | Flat or maisonette | 92 m² | May 2023 | £430,000 | £4,670 | C |
| Apartment 305, Block A, 5 Red | Flat or maisonette | 46 m² | May 2023 | £133,700 | £2,910 | B |
| Apartment 309, Block A, 5 Red | Flat or maisonette | 70 m² | May 2023 | £214,200 | £3,060 | B |
| Apartment 201, Block A, 5 Red | Flat or maisonette | 46 m² | May 2023 | £137,900 | £3,000 | B |
| Apartment 1405, Block A, 5 Red | Flat or maisonette | 46 m² | Apr 2023 | £217,500 | £4,730 | B |
| Apartment 310, Block A, 5 Red | Flat or maisonette | 47 m² | Apr 2023 | £138,950 | £2,960 | B |
| Apartment 508, Block A, 5 Red | Flat or maisonette | 67 m² | Apr 2023 | £305,000 | £4,550 | B |
| Apartment 203, Block A, 5 Red | Flat or maisonette | 46 m² | Apr 2023 | £136,150 | £2,960 | B |
| Apartment 409, Block A, 5 Red | Flat or maisonette | 70 m² | Apr 2023 | £233,450 | £3,340 | B |
| Apartment 702, Block A, 5 Red | Flat or maisonette | 66 m² | Apr 2023 | £302,500 | £4,580 | B |
| Apartment 1105, Block A, 5 Red | Flat or maisonette | 46 m² | Apr 2023 | £142,100 | £3,090 | B |
| Apartment 1407, Block A, 5 Red | Flat or maisonette | 70 m² | Mar 2023 | £365,000 | £5,210 | B |
| Apartment 1106, Block A, 5 Red | Flat or maisonette | 48 m² | Mar 2023 | £208,500 | £4,340 | B |
| Apartment 1206, Block A, 5 Red | Flat or maisonette | 48 m² | Mar 2023 | £210,000 | £4,380 | B |
| Apartment 1409, Block A, 5 Red | Flat or maisonette | 70 m² | Mar 2023 | £367,500 | £5,250 | B |
| Apartment 101, Block A, 5 Red | Flat or maisonette | 46 m² | Mar 2023 | £197,500 | £4,290 | B |
| Apartment 1509, Block A, 5 Red | Flat or maisonette | 70 m² | Mar 2023 | £345,000 | £4,930 | B |
| Apartment 608, Block A, 5 Red | Flat or maisonette | 67 m² | Mar 2023 | £283,650 | £4,230 | B |
| Apartment 1103, Block B, 3 Red | Flat or maisonette | 46 m² | Feb 2023 | £208,000 | £4,520 | B |
| Apartment 306, Block B, 3 Red | Flat or maisonette | 47 m² | Feb 2023 | £50,000 | £1,060 | B |
| Apartment 1309, Block A, 5 Red | Flat or maisonette | 70 m² | Feb 2023 | £365,000 | £5,210 | B |
| Apartment 410, Block A, 5 Red | Flat or maisonette | 47 m² | Feb 2023 | £202,000 | £4,300 | B |
| Apartment 701, Block A, 5 Red | Flat or maisonette | 46 m² | Feb 2023 | £196,000 | £4,260 | B |
| Apartment 802, Block A, 5 Red | Flat or maisonette | 66 m² | Feb 2023 | £305,000 | £4,620 | B |
| Apartment 510, Block A, 5 Red | Flat or maisonette | 47 m² | Feb 2023 | £203,500 | £4,330 | B |
| Apartment 1101, Block A, 5 Red | Flat or maisonette | 46 m² | Feb 2023 | £206,125 | £4,480 | B |
| Apartment 405, Block A, 5 Red | Flat or maisonette | 46 m² | Feb 2023 | £193,000 | £4,200 | B |
| Apartment 1502, Block A, 5 Red | Flat or maisonette | 66 m² | Feb 2023 | £299,925 | £4,540 | B |
| Apartment 1001, Block A, 5 Red | Flat or maisonette | 46 m² | Jan 2023 | £211,000 | £4,590 | B |
| Apartment 903, Block A, 5 Red | Flat or maisonette | 46 m² | Jan 2023 | £197,880 | £4,300 | B |
| Apartment 1410, Block A, 5 Red | Flat or maisonette | 47 m² | Jan 2023 | £215,500 | £4,590 | B |
| Apartment 610, Block A, 5 Red | Flat or maisonette | 47 m² | Jan 2023 | £200,500 | £4,270 | B |
| Apartment 810, Block A, 5 Red | Flat or maisonette | 47 m² | Jan 2023 | £202,000 | £4,300 | B |
| Apartment 1205, Block A, 5 Red | Flat or maisonette | 46 m² | Jan 2023 | £206,500 | £4,490 | B |
| Apartment 509, Block A, 5 Red | Flat or maisonette | 70 m² | Jan 2023 | £320,000 | £4,570 | B |
| Apartment 1201, Block A, 5 Red | Flat or maisonette | 46 m² | Jan 2023 | £214,000 | £4,650 | B |
| Apartment 1006, Block A, 5 Red | Flat or maisonette | 48 m² | Jan 2023 | £203,500 | £4,240 | B |
| Apartment 1301, Block A, 5 Red | Flat or maisonette | 46 m² | Jan 2023 | £215,500 | £4,680 | B |
| Apartment 1503, Block A, 5 Red | Flat or maisonette | 46 m² | Jan 2023 | £214,500 | £4,660 | B |
| Apartment 1507, Block A, 5 Red | Flat or maisonette | 70 m² | Jan 2023 | £342,500 | £4,890 | B |
| Apartment 910, Block A, 5 Red | Flat or maisonette | 47 m² | Jan 2023 | £209,500 | £4,460 | B |
| Apartment 1110, Block A, 5 Red | Flat or maisonette | 47 m² | Jan 2023 | £211,000 | £4,490 | B |
| Apartment 401, Block A, 5 Red | Flat or maisonette | 46 m² | Jan 2023 | £202,000 | £4,390 | B |
| Apartment 403, Block A, 5 Red | Flat or maisonette | 46 m² | Dec 2022 | £187,210 | £4,070 | B |
| Apartment 503, Block A, 5 Red | Flat or maisonette | 46 m² | Dec 2022 | £190,120 | £4,130 | B |
| Apartment 1010, Block A, 5 Red | Flat or maisonette | 47 m² | Dec 2022 | £209,500 | £4,460 | B |
| Apartment 1506, Block A, 5 Red | Flat or maisonette | 48 m² | Dec 2022 | £215,000 | £4,480 | B |
| Apartment 703, Block A, 5 Red | Flat or maisonette | 46 m² | Dec 2022 | £196,980 | £4,280 | B |
| Apartment 902, Block A, 5 Red | Flat or maisonette | 66 m² | Dec 2022 | £297,600 | £4,510 | B |
| Apartment 906, Block A, 5 Red | Flat or maisonette | 48 m² | Dec 2022 | £202,000 | £4,210 | B |
| Apartment 1002, Block A, 5 Red | Flat or maisonette | 66 m² | Dec 2022 | £297,600 | £4,510 | B |
| Apartment 1003, Block A, 5 Red | Flat or maisonette | 46 m² | Dec 2022 | £197,880 | £4,300 | B |
| Apartment 1103, Block A, 5 Red | Flat or maisonette | 46 m² | Dec 2022 | £208,500 | £4,530 | B |
| Apartment 1203, Block A, 5 Red | Flat or maisonette | 46 m² | Dec 2022 | £202,860 | £4,410 | B |
| Apartment 1210, Block A, 5 Red | Flat or maisonette | 47 m² | Dec 2022 | £207,580 | £4,420 | B |
| Apartment 1303, Block A, 5 Red | Flat or maisonette | 46 m² | Dec 2022 | £205,800 | £4,470 | B |
| Apartment 1501, Block A, 5 Red | Flat or maisonette | 46 m² | Dec 2022 | £218,500 | £4,750 | B |
| Apartment 1510, Block A, 5 Red | Flat or maisonette | 47 m² | Dec 2022 | £215,000 | £4,570 | B |
| Apartment 303, Block A, 5 Red | Flat or maisonette | 46 m² | Dec 2022 | £190,605 | £4,140 | B |
| Apartment 605, Block A, 5 Red | Flat or maisonette | 46 m² | Dec 2022 | £196,000 | £4,260 | B |
| Apartment 804, Block A, 5 Red | Flat or maisonette | 66 m² | Dec 2022 | £292,950 | £4,440 | B |
| Apartment 905, Block A, 5 Red | Flat or maisonette | 46 m² | Dec 2022 | £193,920 | £4,220 | B |
| Apartment 103, Block A, 5 Red | Flat or maisonette | 46 m² | Dec 2022 | £193,500 | £4,210 | B |
| Apartment 1505, Block A, 5 Red | Flat or maisonette | 46 m² | Dec 2022 | £220,000 | £4,780 | B |
| Apartment 601, Block A, 5 Red | Flat or maisonette | 46 m² | Dec 2022 | £200,500 | £4,360 | B |
| Apartment 606, Block A, 5 Red | Flat or maisonette | 48 m² | Dec 2022 | £196,000 | £4,080 | B |
| Apartment 1401, Block A, 5 Red | Flat or maisonette | 46 m² | Dec 2022 | £215,500 | £4,680 | B |
| Apartment 1403, Block A, 5 Red | Flat or maisonette | 46 m² | Dec 2022 | £205,800 | £4,470 | B |
| Apartment 1310, Block A, 5 Red | Flat or maisonette | 47 m² | Dec 2022 | £207,580 | £4,420 | B |
| Apartment 1202, Block A, 5 Red | Flat or maisonette | 66 m² | Dec 2022 | £315,000 | £4,770 | B |
| Apartment 801, Block A, 5 Red | Flat or maisonette | 46 m² | Dec 2022 | £193,030 | £4,200 | B |
| Apartment 1604, Block A, 5 Red | Flat or maisonette | 92 m² | Dec 2022 | £455,000 | £4,950 | C |
| Apartment 205, Block A, 5 Red | Flat or maisonette | 46 m² | Dec 2022 | £184,300 | £4,010 | B |
Sales to September 2026 · HM Land Registry price paid data · MHCLG energy certificates · An index-based comparison of sold prices, not a valuation.