24, THE RESIDENCES, SCHOLES LANE, PRESTWICH, MANCHESTER, M25 0NT - £300,000

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.

24 THE RESIDENCES is a large terraced house of 164m², built sometime between 2003 and 2006, which could now be worth an estimated £543,993. It was last sold for £300,000 in October 2014, which was around 182% above the average October 2014 terraced price in the Bury local authority area. The most recent EPC inspection was November 2008, where the current energy rating was C, and the potential energy rating was B.

24 THE RESIDENCES Sold Prices

Land registry data shows two sales for 24 THE RESIDENCES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Bury local authority area for the corresponding sale date. Both of the two 24 THE RESIDENCES 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
2014 31 OCT	£300,000	£106,316	182% above HPI
2006 2 JUN	£339,000	£106,589	218% above HPI

24 THE RESIDENCES Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Bury local authority area over time, sourced from the HPI. The two 24 THE RESIDENCES sales from June 2006 and October 2014 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 June 2006 sale was for 218% above the HPI. So the extrapolation line tracks at 218% above the HPI over time, until the October 2014 sale, where it falls to 182% above the HPI. The line then continues to track at 182% above the HPI.

What might 24 THE RESIDENCES be worth now?

24 THE RESIDENCES might now be worth an estimated £543,993.

This is based on house price inflation of 81.3%, between October 2014 and July 2025, for terraced houses, in the Bury local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 81.3% inflationary increase is applied to the most recent sale price for 24 THE RESIDENCES of £300,000 on 31st October 2014. For the value to have increased from £300,000 to £543,993 over the eleven years and three months to July 2025, the following assumptions must hold true:

• The value of 24 THE RESIDENCES has moved in line with the HPI for terraced houses in the Bury local authority area.
• The October 2014 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 24 THE RESIDENCES has not materially changed since October 2014.

How Large is 24 THE RESIDENCES?

24 THE RESIDENCES is 164m² according to the EPC inspection conducted in November 2008. This puts it in the largest 30% of terraced houses houses in Prestwich, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Prestwich, and where 24 THE RESIDENCES lies on this distribution: 70% of terraced houses houses are smaller than 24 THE RESIDENCES, and 30% of houses are larger. Note that EPC data is not available for all properties in Prestwich.

24 THE RESIDENCES: Plot and Title Map

24 THE RESIDENCES sits on a plot of roughly 0.036 of an acre, or 147m². The below map shows the location of 24 THE RESIDENCES, 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 24 THE RESIDENCES). 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 24 THE RESIDENCES?

24 THE RESIDENCES is located on SCHOLES LANE in PRESTWICH, in the M25 postcode district. The below map shows the position of 24 THE RESIDENCES on SCHOLES LANE.