118, PEEL LANE, LITTLE HULTON, MANCHESTER, M38 0FD - £242,000

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

118 PEEL LANE is a very small detached house of 88m², built sometime between 1950 and 1966. It was last sold for £242,000 in February 2022, which was around 41% below the average February 2022 detached price in the Salford local authority area. The most recent EPC inspection was March 2017, where the current energy rating was D, and the potential energy rating was B.

118 PEEL LANE Sold Prices

Land registry data shows two sales for 118 PEEL 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 Salford local authority area for the corresponding sale date. Both of the two 118 PEEL LANE 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
2022 24 FEB	£242,000	£406,736	41% below HPI
2017 21 JUL	£210,000	£272,587	23% below HPI

118 PEEL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Salford local authority area over time, sourced from the HPI. The two 118 PEEL LANE sales from July 2017 and February 2022 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 July 2017 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the February 2022 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is 118 PEEL LANE?

118 PEEL LANE is 88m² according to the EPC inspection conducted in March 2017. This puts it in the smallest 20% of detached houses in Little Hulton, based on EPC data. The below chart shows the distribution of detached houses by size in Little Hulton, and where 118 PEEL LANE lies on this distribution: 18% of detached houses are smaller than 118 PEEL LANE, and 82% of houses are larger. Note that EPC data is not available for all properties in Little Hulton.

118 PEEL LANE: Plot and Title Map

118 PEEL LANE sits on a plot of roughly 0.122 of an acre, or 493m². The below map shows the location of 118 PEEL 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 118 PEEL 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 118 PEEL LANE?

118 PEEL LANE is located in LITTLE HULTON, in the M38 postcode district. The below map shows the position of No. 118 on PEEL LANE.