112, SCHOLES LANE, PRESTWICH, MANCHESTER, M25 0AU - £325,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

112 SCHOLES LANE is a small extended detached house of 117m², built sometime between 1950 and 1966. It was last sold for £325,000 in November 2019, which was around 8% above the average November 2019 detached price in the Bury local authority area. The most recent EPC inspection was July 2015, where the current energy rating was E, and the potential energy rating was C.

112 SCHOLES LANE Sold Prices

Land registry data shows two sales for 112 SCHOLES LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Bury local authority area for the corresponding sale date. One of the two 112 SCHOLES LANE sales was for above the average price, whilst the other was 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
2019 14 NOV	£325,000	£301,957	8% above HPI
2009 30 SEP	£150,000	£209,912	29% below HPI

112 SCHOLES LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bury local authority area over time, sourced from the HPI. The two 112 SCHOLES LANE sales from September 2009 and November 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 September 2009 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the November 2019 sale, where it rises to 8% above the HPI. The line then continues to track at 8% above the HPI.

How Large is 112 SCHOLES LANE?

112 SCHOLES LANE is 117m², which includes one extension, according to the EPC inspection conducted in July 2015. This puts it in the smallest 40% of detached houses in Prestwich, based on EPC data. The below chart shows the distribution of detached houses by size in Prestwich, and where 112 SCHOLES LANE lies on this distribution: 38% of detached houses are smaller than 112 SCHOLES LANE, and 61% of houses are larger. Note that EPC data is not available for all properties in Prestwich.

112 SCHOLES LANE: Plot and Title Map

112 SCHOLES LANE sits on a plot of roughly 0.116 of an acre, or 468m². The below map shows the location of 112 SCHOLES LANE, 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 112 SCHOLES LANE). 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 112 SCHOLES LANE?

112 SCHOLES LANE is located in PRESTWICH, in the M25 postcode district. The below map shows the position of No. 112 on SCHOLES LANE.