14, SCHOLES LANE, PRESTWICH, MANCHESTER, M25 0BA - £455,000

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

14 SCHOLES LANE is a very small detached house of 96m², built sometime between 1930 and 1949. It was last sold for £455,000 in November 2022, which was around 12% above the average November 2022 detached price in the Bury local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was B.

14 SCHOLES LANE Sold Prices

Land registry data shows four sales for 14 SCHOLES LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Bury local authority area for the corresponding sale date. Most of the four 14 SCHOLES LANE sales were for above 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 15 NOV	£455,000	£407,853	12% above HPI
2017 20 DEC	£325,000	£277,286	17% above HPI
2016 2 JUN	£276,000	£248,979	11% above HPI
2001 3 DEC	£102,500	£113,730	10% below HPI

14 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 four 14 SCHOLES LANE sales between December 2001 and November 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 December 2017 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the November 2022 sale, where it falls to 12% above the HPI. The line then continues to track at 12% above the HPI.

How Large is 14 SCHOLES LANE?

14 SCHOLES LANE is 96m² according to the EPC inspection conducted in February 2014. This puts it in the smallest 20% of detached houses in Prestwich, based on EPC data. The below chart shows the distribution of detached houses by size in Prestwich, and where 14 SCHOLES LANE lies on this distribution: 19% of detached houses are smaller than 14 SCHOLES LANE, and 80% of houses are larger. Note that EPC data is not available for all properties in Prestwich.

14 SCHOLES LANE: Plot and Title Map

14 SCHOLES LANE sits on a plot of roughly 0.077 of an acre, or 313m². The below map shows the location of 14 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 14 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 14 SCHOLES LANE?

14 SCHOLES LANE is located in PRESTWICH, in the M25 postcode district. The below map shows the position of No. 14 on SCHOLES LANE.