1, PALEWOOD CLOSE, WIGAN, WN1 3XL - £122,500

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.

1 PALEWOOD CLOSE is a very small detached house of 53m², built sometime between 1996 and 2002, which could now be worth an estimated £179,811. It was last sold for £122,500 in November 2018, which was around 42% below the average November 2018 detached price in the Wigan local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was B.

1 PALEWOOD CLOSE Sold Prices

Land registry data shows two sales for 1 PALEWOOD CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Wigan local authority area for the corresponding sale date. Both of the two 1 PALEWOOD CLOSE sales were for below 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
2018 12 NOV	£122,500	£211,733	42% below HPI
1997 21 NOV	£51,750	£70,465	27% below HPI

1 PALEWOOD CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wigan local authority area over time, sourced from the HPI. The two 1 PALEWOOD CLOSE sales from November 1997 and November 2018 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 1997 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the November 2018 sale, where it falls to 42% below the HPI. The line then continues to track at 42% below the HPI.

What might 1 PALEWOOD CLOSE be worth now?

1 PALEWOOD CLOSE might now be worth an estimated £179,811.

This is based on house price inflation of 46.8%, between November 2018 and March 2025, for detached houses, in the Wigan local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 46.8% inflationary increase is applied to the most recent sale price for 1 PALEWOOD CLOSE of £122,500 on 12th November 2018. For the value to have increased from £122,500 to £179,811 over the seven years and eight months to March 2025, the following assumptions must hold true:

• The value of 1 PALEWOOD CLOSE has moved in line with the HPI for detached houses in the Wigan local authority area.
• The November 2018 sale price of £122,500 represented a fair market value for the property.
• The size, condition, and specification of 1 PALEWOOD CLOSE has not materially changed since November 2018.

How Large is 1 PALEWOOD CLOSE?

1 PALEWOOD CLOSE is 53m² according to the EPC inspection conducted in March 2018. This puts it in the smallest 10% of detached houses houses in Wigan, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wigan, and where 1 PALEWOOD CLOSE lies on this distribution: 1% of detached houses houses are smaller than 1 PALEWOOD CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Wigan.

1 PALEWOOD CLOSE: Plot and Title Map

1 PALEWOOD CLOSE sits on a plot of roughly 0.104 of an acre, or 419m². The below map shows the location of 1 PALEWOOD 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 1 PALEWOOD 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 1 PALEWOOD CLOSE?

1 PALEWOOD CLOSE is located in WIGAN, in the WN1 postcode district. The below map shows the position of No. 1 on PALEWOOD CLOSE.